Trump says furor over Powell probe won’t delay Fed pick

President Trump Tuesday told reporters he would not delay announcing his pick to fill a new vacancy on the Federal Reserve Board despite threats from Republican Senators to block any Fed nomination until a recently-disclosed Justice Department investigation into Fed Chair Jerome Powell is resolved.

Four takeaways from JPMorgan’s kickoff to earnings season

Top executives at the nation’s largest bank spoke Tuesday about shifting dynamics in the credit card business, Federal Reserve independence, the bank’s plan to increase spending in 2026 and its large portfolio of loans to nonbank financial institutions.

BNY surges past Wall Street’s expectations

The custody bank reported a strong fourth quarter, as it continued to push forward with its new operating model. The momentum contributed to the bank’s decision to lay out new financial targets, including a goal to achieve a return on tangible common equity of 28% in the next three to five years.

Press Release: Travis Hill Sworn in as the 23rd Chairman of the FDIC

PRESS RELEASE | JANUARY 13, 2026 Travis Hill Sworn in as the 23rd Chairman of the FDIC WASHINGTON – Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC). Chairman Hill has served as Acting Chairman of the FDIC Board since January 20, 2025, and previously as Vice Chairman […]

Inflation holds steady at 2.7% as December prices stay hot

The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve’s cautious stance toward interest rates heading into 2026.

Markets, lawmakers scramble amid DOJ inquiry into Fed

Financial markets took a tumble Monday morning after Federal Reserve Chair Jerome Powell announced that he was the subject of a Justice Department inquiry concerning the central bank’s headquarters renovation. Lawmakers and former Fed officials decried the move as political intimidation.