All posts tagged: iShares U.S. Treasury Bond ETF

Fed nominee Warsh will meet the senator blocking his confirmation

Fed nominee Warsh will meet the senator blocking his confirmation

U.S. Senator Thom Tillis (R-NC) attends a Senate Banking, Housing and Urban Affairs Committee hearing on the Financial Stability Oversight Council’s annual report to Congress, on Capitol Hill in Washington, D.C., U.S., February 5, 2026. Jonathan Ernst | Reuters Federal Reserve chair nominee Kevin Warsh will meet this week with the Republican senator who has been blocking his nomination in objection to President Donald Trump’s attacks on the central bank. Warsh will meet with Sen. Thom Tillis of North Carolina, the senator’s office said Monday. Warsh will also meet with Sen. Kevin Cramer, R.-N.D., the senator told CNBC. The Senate Banking Committee, where both Cramer and Tillis are members, oversees nominees to the Fed. Other meetings with members of the committee are expected this week. Read more CNBC politics coverage Tillis has praised Warsh’s acumen as a potential Fed chair but has said he won’t vote to confirm any Fed nominees until the Department of Justice drops a criminal investigation into Chair Jerome Powell. Powell has called the probe a pretext to punish him for …

Trump officially nominates Kevin Warsh as Federal chair

Trump officially nominates Kevin Warsh as Federal chair

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman of the Federal Reserve. Warsh, if confirmed by the Senate, would succeed Fed Chairman Jerome Powell, for a four-year term. Trump’s nomination was transmitted to the Senate, the White House said in a statement posted online on Wednesday. That transmittal came more than a month after Trump first publicly announced he wanted Warsh as the Fed chairman. Sen. Thom Tillis, a North Carolina Republican, has said he would block Warsh’s nomination from proceeding in the Senate until a federal criminal investigation of Powell by the U.S. attorney’s office in Washington, D.C., is dropped. Read more CNBC politics coverage Tillis’ stance could prevent the nomination from being considered by the full Senate. Powell said in mid-January that he was under investigation …

Trump previewed weak GDP on Truth Social ahead of official release

Trump previewed weak GDP on Truth Social ahead of official release

U.S. President Donald Trump speaks at the Coosa Steel Corporation on Feb. 19, 2026 in Rome, Georgia. Chip Somodevilla | Getty Images Forty minutes before the federal government revealed that economic growth slowed sharply in the last quarter, President Donald Trump dropped a hint that the incoming data would be weaker. “The Democrat Shutdown cost the U.S.A. at least two points in GDP. That’s why they are doing it, in mini form, again,” Trump wrote in a Truth Social post at 7:50 a.m. ET. At 8:30 a.m., the Commerce Department reported that U.S. gross domestic product rose at an annualized rate of just 1.4% in the fourth quarter of 2025. That’s a decline of 3 percentage points from the previous three-month period. Trump’s Friday morning post referred to last year’s record-length government shutdown, which began Oct. 1 — the start of the fourth quarter — and lasted 43 days. The federal funding lapse was expected to take a toll on GDP. The U.S. Congressional Budget Office estimated that, depending on its length, the shutdown would …

Supreme Court strikes down Trump tariffs in rebuke of signature policy

Supreme Court strikes down Trump tariffs in rebuke of signature policy

The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled six to three in the long-awaited decision. The ruling is a massive loss for Trump, who has made tariffs — and his asserted power to impose them on any country at any time, without congressional input — a central feature of his administration’s economic and foreign policies. Chief Justice John Roberts delivered the opinion of the court. Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented. Trump’s legal stance “would represent a transformative expansion of the President’s authority over tariff policy,” the majority concluded. They noted that before Trump, no president had ever used the statute in question “to impose any tariffs, let alone tariffs of this magnitude and scope.” To justify the “extraordinary” tariff powers, Trump must “point to clear congressional authorization,” the court wrote. “He cannot.” The ruling …