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- The Supreme Court Just Erased What Was Left of the Voting Rights Act
In the name of disentangling race from politics, the court has given white voters more power at the expense of racial minorities. [TheTopNews] Read More.3 hours ago - King Charles and Queen Camilla in New York City
King Charles and Queen Camilla spent the day in New York City visiting the 9/11 memorial, an urban farm, and a New York public library. The queen also spoke exclusively to the TODAY show's Jenna Bush Hager. NBC News’ Erin McLaughlin has the story. [TheTopNews] Read More.3 hours ago - Powell says he’ll stay on Fed board after chairmanship ends but won’...
Federal Reserve Chair Jerome Powell on Wednesday announced that he will remain a member of the Fed's Board of Governors after his term as chairman ends next month, though he added that he won't be a "shadow Fed chair."The outgoing Fed chair hosted his final press conference after the Federal Open Market Committee (FOMC) voted to hold interest rates steady at the current range of 3.5% to 3.75%. The presser occurred hours after the Senate Banking Committee voted to advance his successor as Fed chair, former Fed Governor Kevin Warsh.Powell said that he intends to continue serving as a member of the Fed's Board of Governors for a "period of time to be determined" and was asked during the press conference about how he will conduct himself as a governor and not have an outsized influence over the process."That's just something I would never do, the shadow chair thing. I don't know what the exact specifics of it will be, but I'm going back to being a governor, I respect the role of chair," Powell said. "I was a governor for six years and I know what that's like."FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL'S CHAIRMANSHIP NEARS END"I had a pretty front row seat, particularly with Chair Yellen, to whom I was close. When I worked with Chairman Bernanke for two years, I was brand new at that time. So I got a sense of what it was and I had real sympathy for how hard it is to get that group to consensus," he explained. "I always felt like I don't want to add that unnecessarily, and that means trying to support the chair or the direction the chair wants to go. And if you can't, you can't. I think that's the way it's always worked there because the chair only has one vote plus the ability to develop consensus," Powell said. "I propose to be a very constructive participant in that process, really out of respect for the office of the chair."In his opening remarks, Powell said that he plans to "keep a low profile as a governor," and explained, "There's only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair once sworn in as board chair, his new colleagues will elect him to chair the FOMC as well."KEVIN WARSH MOVES ONE STEP CLOSER TO BECOMING… [TheTopNews] Read More.3 hours ago - High court weighs temporary protected status for Haitian, Syrian people
Supreme Court heard arguments Wednesday about temporary protected status for Syrian and Haitian nationals living under temporary protected status. [TheTopNews] Read More.3 hours ago - Trump says blockade will stay until Iran makes nuclear dealPresident Trump said he would not drop his blockade of Iran’s ports designed to pressure Iran to make a nuclear deal. Plus, Democrats grilled Pentagon leaders over the war. NBC News’ Ryan Nobles reports. [TheTopNews] Read More.3 hours ago
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In the name of disentangling race from politics, the court has given white voters more power at the expense of racial minorities. [TheTopNews] Read More.
3 hours ago
King Charles and Queen Camilla spent the day in New York City visiting the 9/11 memorial, an urban farm, and a New York public library. The queen also spoke exclusively to the TODAY show's Jenna Bush Hager. NBC News’ Erin McLaughlin has the story. [TheTopNews] Read More.
3 hours ago
Federal Reserve Chair Jerome Powell on Wednesday announced that he will remain a member of the Fed's Board of Governors after his term as chairman ends next month, though he added that he won't be a "shadow Fed chair."The outgoing Fed chair hosted his final press conference after the Federal Open Market Committee (FOMC) voted to hold interest rates steady at the current range of 3.5% to 3.75%. The presser occurred hours after the Senate Banking Committee voted to advance his successor as Fed chair, former Fed Governor Kevin Warsh.Powell said that he intends to continue serving as a member of the Fed's Board of Governors for a "period of time to be determined" and was asked during the press conference about how he will conduct himself as a governor and not have an outsized influence over the process."That's just something I would never do, the shadow chair thing. I don't know what the exact specifics of it will be, but I'm going back to being a governor, I respect the role of chair," Powell said. "I was a governor for six years and I know what that's like."FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL'S CHAIRMANSHIP NEARS END"I had a pretty front row seat, particularly with Chair Yellen, to whom I was close. When I worked with Chairman Bernanke for two years, I was brand new at that time. So I got a sense of what it was and I had real sympathy for how hard it is to get that group to consensus," he explained. "I always felt like I don't want to add that unnecessarily, and that means trying to support the chair or the direction the chair wants to go. And if you can't, you can't. I think that's the way it's always worked there because the chair only has one vote plus the ability to develop consensus," Powell said. "I propose to be a very constructive participant in that process, really out of respect for the office of the chair."In his opening remarks, Powell said that he plans to "keep a low profile as a governor," and explained, "There's only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair once sworn in as board chair, his new colleagues will elect him to chair the FOMC as well."KEVIN WARSH MOVES ONE STEP CLOSER TO BECOMING… [TheTopNews] Read More.
3 hours ago
Supreme Court heard arguments Wednesday about temporary protected status for Syrian and Haitian nationals living under temporary protected status. [TheTopNews] Read More.
3 hours ago
President Trump said he would not drop his blockade of Iran’s ports designed to pressure Iran to make a nuclear deal. Plus, Democrats grilled Pentagon leaders over the war. NBC News’ Ryan Nobles reports. [TheTopNews] Read More.
3 hours ago
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