US House Financial Services Committee Chair Hill urges administration to drop Fed Chair probe to expedite Federal Reserve confirmations.

Newsquawk StaffFederal Reserve newsPublished 17 Apr 2026, 11:41 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Go live — 7 days for $29.99

Go live — 7 days for £24.99

Go live — 7 days for €29.99

11:30

Indian Foreign Exchange Reserves (Apr/10) 700.95

11:30

Indian Bank Loan Growth YoY (Mar/31) Y/Y 16.1%

11:21

US House Financial Services Committee Chair Hill urges administration to drop Fed Chair probe to expedite Federal Reserve confirmations.

11:15

BYD (002594 CH) is seeking to become the first Chinese automaker to join the European car lobby European Automobile Manufacturers' Association, which confirmed it has received BYD’s membership application

11:08

US BROKER MOVES: TXN upgraded at Mizuho; EXC downgraded at multiple firms after PECO withdrawal

On the Newsquawk feed at 11:21, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Thinks that Powell is interested in moving on to the next phase of his career and seeing his successor confirmed.

Context

Chair Hill's urging of the administration to drop the investigation into Fed Chair Powell indicates a desire to stabilize leadership within the Federal Reserve, potentially expediting confirmations for future officials. This move could alleviate uncertainties around monetary policy and enhance market confidence, especially in the context of upcoming rate decisions. If Powell’s succession can be quickly settled, it may lead to smoother policy transitions and clearer guidance going forward.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/14 Oct · 12:30 UTC

US Core CPI (Sep MM) 0.3% vs. Exp. 0.2% (Prev. 0.3%).

- USD/JPY, after we published+0.3%

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform