Kevin Warsh, President Donald Trump 's pick to lead the Federal Reserve for the next four years, heads into a high-stakes confirmation hearing Tuesday with lawmakers on Capitol Hill set to scrutinize his views on inflation, independence and the Fed’s role. The hearing comes as the Federal Reserve faces mounting political, legal and economic pressure, making it a key test of how the next chair could reshape the central bank’s independence at a critical moment for the U.S. economy. And with current Fed Chair Jerome Powell's term coming to an end on May 15, 2026, Republicans are scurrying to get a nominee confirmed even though they face pushback within the party. THE ONE LINE IN WARSH’S TESTIMONY SIGNALING A BREAK FROM THE FED’S STATUS QUO No institution has more influence over what people can afford than the Federal Reserve — an impact Americans feel every month. But that influence isn’t always obvious. The Fed doesn’t set the price of groceries or cars, but it does determi...

Let’s not get carried away here. The Democrats’ chances of winning the Senate are somewhere between nearly impossible and non-existent. And yet it’s suddenly the subject of considerable media chatter. It’s like a Rube Goldberg contraption: If this happens and that happens and this other long-shot thing somehow falls into place, the ball ends up in the cup. TRUMP COMMANDEERS CABINET MEMBERS TO CAMPAIGN IN MIDTERMS, ORDERING THEM TO DROP OR MUTE CONTROVERSIAL STANCES Virtually everyone, including many Republicans I’ve spoken to privately, agrees that the Democrats will take the House in November. The margin may not be huge, given that most incumbents win reelection, but having the opposition party control the floor, the committees and a blizzard of investigations would utterly change the last two years of Donald Trump’s presidency. The latest NBC poll has 63 percent of those surveyed strongly or somewhat disapproving of Trump’s job performance, and 67 percent strongly or somewhat...

A strong earthquake took place off the northern coast of Japan Monday afternoon, prompting the Japan Meteorological Agency to put out a tsunami alert in the area. The quake, registering a preliminary magnitude of 7.5, occurred off the coast of Sanriku in northern Japan at around 4:53 p.m. local time, at a depth of about 6 miles below the sea surface, the agency said. NHK public television indicated that a tsunami of as high as 10 feet could impact the region soon. This is a breaking news story and will be updated The Associated Press contributed to this report from Latest & Breaking News on Fox News https://ift.tt/PRF7djy via IFTTT

President Trump struck a ceasefire with Iran that didn’t seem possible. Doesn’t matter. Trump pressured Israel into halting its attacks on Lebanon . So what. TRUMP RENEWS BRIDGE, POWER PLANT THREAT AGAINST IRAN IN PUSH FOR DEAL, MOCKS 'TOUGH GUY' IRGC The stock market reached record highs as investors concluded the war is about to end. Big deal. No matter what the guy does, his opponents won’t give him credit. TRUMP PUSHED IRAN TO THE BRINK — BUT DID WE WIN ANYTHING THAT LASTS? And when the murderous mullahs again shut down the Strait of Hormuz –in retaliation, they say, for the U.S. enforcing its own blockade of Iranian ports–you could practically hear the sighs of relief that the peace deal might be crumbling.    Trump told ABC’s Jonathan Karl yesterday that Iran has committed a "serious violation" of the ceasefire , but he was still confident about a deal:  "It will happen. One way or another, The nice way or the hard way. It’s going to happen. You...

A drag-racing street takeover involving more than 100 vehicles in Queens over the weekend triggered a NYPD investigation, as authorities continue searching for suspects. The incident was reported on Saturday shortly before 2 a.m. near Eliot Avenue and 69th Street, according to the NYPD. When officers arrived at the scene, they activated their lights and sirens to disperse the crowd. Dozens of vehicles then fled the area. CHICAGO MAYOR WARNS OF ‘TEEN TREND’ AFTER TAKEOVER CHAOS, VIOLENCE CONCERNS GROW Police said multiple vehicles were observed driving in circles. A few people also allegedly jumped on the hood of an NYPD vehicle , causing damage and cracking the windshield before fleeing the scene in a black car. No injuries were reported in connection with the drag racing incident. NYC TEEN SHOT DEAD ON QUEENS BASKETBALL COURT AS BYSTANDERS FILMED; POLICE SEARCHING FOR GUNMAN Police said no arrests have been made, but they are asking for the public's assistance in identify...

Trick Williams has been one of WWE’s biggest rising stars since he was elevated to the main roster earlier this year. Williams’ presentation – from his mink coat to his "lemon-pepper steppers" to his entrance music – has been able to capture pro wrestling fans’ attention for all the right reasons. He was able to earn his way into the United States Championship picture and will be going up against Sami Zayn for the title at WrestleMania 42 on Sunday. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM It will be Williams’ debut at WrestleMania, but he’s feeling at ease going into the match. "I’m feeling good man, I’m on cloud nine," he told Fox News Digital. "My family is coming to see me at my first WrestleMania. I’m facing Sami Zayn – the ‘gingerbread man.’ "It’s personal. No disrespect to Sami Zayn, a lotta disrespect, but no disrespect because he’s great in his own right. He’s definitely a future Hall of Famer, multiple championship runs and every...

If you read " Everything Will Be Okay " and felt inspired and reassured, read " Purple State ." Over the years, I’ve been driven to write my mentoring books because I wanted all of my best advice to be in one place. As I set out to draft my new novel, "Purple State," I wanted to help my characters — three women: Dot, Mary and Harper — live out those lessons in the story. They confront and address their quarter-life crises in a way that has the potential to set them up for career success and personal fulfillment. In my nonfiction books, I talked about living with principles that make decision-making easier. And now in "Purple State," I show what it costs to live by those principles — to have them tested, and to live with the consequences of your decisions. That’s how I’ve bridged the two books. DANA PERINO: 'EVERYTHING WILL BE OKAY' -- WHAT I WANT TO SHARE WITH TODAY'S YOUNG WOMEN " Everything Will Be Okay " made it plai...