All posts tagged: Powell

Minions & Monsters Nabs John Powell as Composer

Minions & Monsters Nabs John Powell as Composer

Published by Daniella Wilson

John Powell, the two-time Academy Award nominee for his work on How to Train Your Dragon and Wicked, is set to score Illumination’s Minions & Monsters.  The move reunites the music meister with Illumination, for whom he composed the score to 2023’s Migration and 2012’s The Lorax. Coming out of the Despicable Me movies, which is the biggest global animated franchise in history, Minions & Monsters in the third spin-off that focuses on the  excitable small, yellow little creatures that seem to only exist to serve an evil master. This one is being billed as “rambunctious, ridiculous and totally true story” of how the Minions conquered Hollywood, became movie stars, lost everything, unleashed monsters onto the world and then banded together to try and save the planet from the mayhem they had just created. It is also being described as a love letter to classic Hollywood, which will allow Powell to let loose a variety of styles. But he better get a move on as the movie opens July 1. Minions & Monsters is directed by Academy …

Pirro’s Jerome Powell Fed investigation is hitting roadblocks

Pirro’s Jerome Powell Fed investigation is hitting roadblocks

Published by Sam Flores

Jeanine Pirro is sworn in as the new interim U.S. Attorney for the District of Columbia during a ceremony hosted by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 28, 2025. Leah Millis | Reuters Federal prosecutors are still pressuring the Federal Reserve over the Trump administration’s allegations that there was some malfeasance involved in ongoing building renovations and Chair Jerome Powell’s testimony to Congress about them. But legal experts say U.S. Attorney for the District of Columbia Jeanine Pirro’s investigation appears to be in trouble, and she faces a ticking clock to appeal a judge’s rulings against her.  Investigators from Pirro’s office visited a Fed construction site Tuesday, according to a note sent by the Fed’s legal team to the prosecutors and seen by CNBC. The investigators appeared “without prior notice” and asked for a tour, Robert Hur, an attorney for the Fed, wrote in the note. “Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review,” Pirro said in …

Trump threatens to fire Fed Chair Powell if he doesn’t step down by May 15 | Banks News

Trump threatens to fire Fed Chair Powell if he doesn’t step down by May 15 | Banks News

Published by Sam Flores

In an interview with Fox Business, Trump says he will fire Powell if he does not leave his board seat once his term ends. Published On 15 Apr 202615 Apr 2026 United States President Donald Trump says he would fire US Federal Reserve Chair Jerome Powell from his separate seat on the central bank’s board of governors if Powell does not step down voluntarily when his term ends on May 15. The president on Wednesday ramped up threats against Powell, saying in an interview with Fox Business that if Powell does not leave, then he would  “have to fire him”. Recommended Stories list of 4 itemsend of list “If he’s not leaving on time – I’ve held back firing him, I’ve wanted to fire him, but I hate to be controversial, you know. I want to be uncontroversial, but he will be fired,” Trump told Fox Business host Maria Bartiromo. “President Trump’s threats of firing Chair Powell are hardly surprising, but are simply not consistent with what the law provides. The president already appears to …

Pirro’s probe into the Fed’s Powell will be difficult to appeal

Pirro’s probe into the Fed’s Powell will be difficult to appeal

Published by Sam Flores

U.S. Attorney for the District of Columbia Jeanine Ferris Pirro speaks during a press conference at the Department of Justice, in Washington, D.C., U.S., Aug. 12, 2025. Annabelle Gordon | Reuters Federal prosecutors in Washington are facing a decision that will help determine whether Federal Reserve Chair Jerome Powell is swiftly replaced or lingers on while politicians fight over his replacement. If they do move ahead with a planned appeal against a recent adverse ruling, as U.S. Attorney for the District of Columbia Jeanine Pirro insists they will, they risk having the investigation bogged down in complex, unsettled law, former federal prosecutors with experience in appellate law say.  “Regardless of the procedural vehicle they choose, the substantive road ahead of them is brutally steep,” said Sean P. Murphy, a former assistant U.S. attorney who has argued before the judge who ruled against Pirro’s probe of Powell and has briefed the D.C. Circuit Court of Appeals.  The Trump administration’s plans to quickly confirm former Fed official Kevin Warsh as Powell’s replacement are looking increasingly likely to …

Powell says Fed can ‘wait and see’ how war affects inflation

Powell says Fed can ‘wait and see’ how war affects inflation

Published by Sam Flores

CAMBRIDGE, Massachusetts: Federal Reserve Chair Jerome Powell on Monday (Mar 30) said the US central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices. “We feel like our policy’s in a good place for us to wait and see how that turns out,” Powell said during a question-and-answer session held as part of a macroeconomics class at Harvard University. His remarks appeared to calm financial markets that last week had reflected rising expectations the Fed may try to head off higher inflation by raising rates. Those rate hike bets have all but disappeared. As the Iran war enters its fifth week and US gasoline prices rise to around an average of US$4 a gallon, Powell acknowledged the potential squeeze between the Fed‘s two mandates of full employment and price stability. “There’s sort of downside risk to the labour market, which suggests keep rates low, but there’s upside risk to inflation, which suggests maybe don’t keep rates …

Federal Reserve says keep Jerome Powell subpoenas quashed

Federal Reserve says keep Jerome Powell subpoenas quashed

Published by Sam Flores

Federal Reserve Chair Jerome Powell participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. Kevin Dietsch | Getty Images The Federal Reserve Board of Governors urged a judge to reject prosecutors’ request that he reconsider his recent decision to block subpoenas issued in a criminal investigation of Chair Jerome Powell over pricey renovations of the Fed’s headquarters and his congressional testimony about that. The Fed’s lawyers, in a court filing unsealed Thursday, told Judge James Boasberg that the U.S. Attorney’s Office for the District of Columbia failed to come even remotely close to meeting the legal threshold for its motion for reconsideration. “The Motion for Reconsideration … does not even mention — let alone meet — the demanding legal standard that applies to the extraordinary relief it seeks,” the Fed’s lawyers wrote in the motion in U.S. District Court in Washington. The attorneys said “reconsideration is warranted only” when there has been a change in the law related to the issues in the case, when there is new …

Trump signals DOJ should pursue Powell probe, complicating Warsh Fed nomination

Trump signals DOJ should pursue Powell probe, complicating Warsh Fed nomination

Published by Sam Flores

President Donald Trump on Thursday signaled his continued support for a Department of Justice investigation into Federal Reserve Chair Jerome Powell — a stance that could further delay the confirmation of Powell’s would-be successor, Kevin Warsh. “He’s under investigation because he’s building a building for hundreds of billions of dollars more than it’s supposed to cost,” Trump said of Powell in the Oval Office. He was referring to the ongoing renovation of the Fed’s headquarters and another building in Washington, the purported focus of the federal criminal probe of the central bank chairman led by U.S. Attorney Jeanine Pirro. Trump repeatedly claimed that the construction projects cost up to $4 billion, though the actual total is roughly $2.5 billion. Powell has accused the government of launching the investigation in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded. Powell “should be lowering rates immediately,” Trump said unprompted in his Oval Office remarks, “but he won’t do that because he’s a stubborn, incompetent person, and that’s a bad …

Fed Chair Powell complicating Warsh’s plans for swift rate cuts

Fed Chair Powell complicating Warsh’s plans for swift rate cuts

Published by Sam Flores

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, March 18, 2026. Brendan Smialowski | AFP | Getty Images Federal Reserve chair nominee Kevin Warsh wants to lower interest rates. Fed officials signaled Wednesday that it may be even harder than expected for him to make that happen, should he be confirmed into that job any time soon. Fed officials raised their predictions for the path of inflation and interest rates in data the central bank released Wednesday. That was largely expected given the spike in oil prices due to the Iran war. But Chair Jerome Powell said oil wasn’t the only factor his colleagues were considering. Higher forecasts for inflation are also “a reflection of the slow progress we’ve seen on tariffs,” Powell said. The Fed publishes a survey of its top officials’ expectations for interest rates and the economy in a document known as the Summary of Economic Projections. The SEP released Wednesday showed the median official’s …

Powell says he will stay on as head of the Fed until Warsh is confirmed

Powell says he will stay on as head of the Fed until Warsh is confirmed

Published by Sam Flores

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in May, as dictated by the law. Separately, Powell said he will not leave his Board of Governors position, which technically extends until early 2028, until the Department of Justice investigation of him is “well and truly over with transparency and finality.” Powell said during his Wednesday press conference that he would serve as “chair pro tem” if Warsh, President Donald Trump’s pick to take over the role, has not been greenlighted by the Senate. That follows precent done in several past scenarios, Powell said. The Fed chief’s position on the Board of Governors is separate from his chairmanship. Powell said he wouldn’t exit the board until …