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We tried Texas Roadhouse's $55 'family pack' deal. Between the steak and sides, it was a great value for the 4 of us.

30 de Abril de 2026, 11:34
Author Terri Peters smiling holding bag from Texas Roadhouse
My family was impressed by the food we ordered at Texas Roadhouse.

Terri Peters

  • My family of four tried the "family pack" meal deal at Texas Roadhouse.
  • For $55, we got four steaks, two sides, a dozen rolls, and a salad. It was all tasty.
  • It felt like a great value, and I loved not having to eat inside a Texas Roadhouse to enjoy it.

As much as I love a good steakhouse chain like Outback and LongHorn, Texas Roadhouse has never really impressed me much.

I've always associated the chain with shell-your-own peanuts, loud music, and mediocre steak — and the few sit-down meals I've had there were just OK.

Recently, though, Texas Roadhouse's "family pack" menu caught my eye after I saw several Instagram reels from moms swearing by it. Several described the packs as a great dinnertime hack for feeding your family affordably and fast at home.

So, on a rare weekend night when my husband and two teenagers were all at home together, we picked up Texas Roadhouse's $55 sirloin-steak family pack.

Texas Roadhouse offers several different family packs for pickup or curbside orders.
Exterior of a Texas Roadhouse

Terri Peters

There are several family packs on offer at the chain restaurant, from chicken-tender dinners to pulled-pork meals, all of which come with a salad, two shareable side dishes, and rolls with cinnamon butter.

Each is priced between $40 and $55, which seemed like a deal to me, considering the last time my party of four visited a Texas Roadhouse, a similar meal cost three times as much.

To place our order, I visited the Texas Roadhouse website on my phone, selected the meal I wanted, chose a pickup time, and paid.

Immediately after ordering, I started receiving text-message updates about the status of my order, including how to pick it up.

Later that evening, my husband got our food from Texas Roadhouse's curbside pickup. He texted his parking-space number to the restaurant and waited for our order to be brought out to his car.

The whole process was incredibly easy.

Our $55 meal came with four steaks, two sides, a salad, and rolls.
Four steaks, large salad, bag of rolls, and other sides from Texas Roadhouse on table

Terri Peters

We chose the sirloin family pack for $55, which came with two 8-ounce and two 6-ounce steaks.

When I placed the order, the default cooking temperature was medium, with no option to change it. Luckily, that's how we prefer our steaks cooked anyway.

We also had to choose between a house or Caesar salad, then pick two sides from a list of mashed potatoes with gravy, corn, green beans, and seasoned rice.

Additionally, we could've paid extra to add drinks like a gallon of sweet tea or lemonade to our meal, but we stuck with the basics.

The sirloin steaks were moist and perfectly cooked.
Four steaks in container

Terri Peters

Our four steaks were cooked perfectly with light-pink centers in line with a medium cook.

Out of curiosity, my husband checked each steak's temperature with an internal thermometer and found that each fell between the range that's considered medium, about 140 to 145 degrees Fahrenheit.

The steaks had beautiful grill marks and a perfect char-grilled flavor on the outside, while remaining moist and tender on the inside.

We all agreed these were the best steaks we've had from Texas Roadhouse.

There were plenty of side dishes to choose from.
Mashed potatoes, gravy, corn in containers

Terri Peters

As the mom of one picky eater and one kid who will try anything, I appreciated the number of side dishes there were to choose from, from green beans to seasoned rice.

I gladly let my kids pick since everything sounded good to me. Their choices were mashed potatoes with brown gravy and buttered corn, each was served in a huge 16-ounce portion.

Both sides were really delicious and simple. They made perfect accompaniments to our tasty steak, and we had plenty of leftovers afterward that my kids snacked on throughout the week.

My teens were thrilled by the rolls and cinnamon butter.
Texas Roadhouse rolls with container of cinnamon butter

Terri Peters

My kids fondly remember visits to Texas Roadhouse because of the chain's iconic cinnamon butter and golden-brown rolls.

With our family meal, we received a dozen warm rolls and a tub of cinnamon butter so large that we eventually threw half away.

My kids downed most of the rolls during our meal and loved having a few left over to warm in the microwave and slather with cinnamon butter later in the week.

The meal came with so much food that we saved the salad for the next night.
Salad with croutons, container of dressing on side

Terri Peters

For our order, we chose the Caesar instead of the house salad since it's among my daughter's favorite foods.

It came in a 9-by-11-inch aluminum pan along with several containers of Caesar dressing. As I unpacked the meal, I suggested we use the salad for dinner the next day, since we had so much food to eat — my family agreed.

The following night, we paired it with grilled chicken I quickly whipped up to make it into a full dinner. It was a delicious meal, and I'm glad the salad kept well in the lidded aluminum tray.

The lettuce was still nice and crunchy, and the croutons were, too.

Overall, the tasty dinner fed us twice and seemed like a really great value.
Texas Roadhouse bag on table

Terri Peters

When it comes to this Texas Roadhouse meal deal, I truly have no notes.

For the price, we received 32 ounces of well-cooked, sirloin steak, two pounds of side dishes, a dozen rolls, and a gigantic pan-full of salad.

The $55 price tag ($58 after tax) seemed well worth it to me. Plus, some of the other meals available, like pulled pork or pork chops, only cost $45.

I honestly enjoyed Texas Roadhouse's food way more in the privacy of my own home, away from its loud music and bustling bar scene.

I'd absolutely order this deal again to feed my family, and I'll also keep it in mind the next time I get a meal train sign-up email for someone in need.

It would be perfect for dropping off at a friend's or neighbor's house, especially since everything was packaged up so well with coordinating, air-tight lids.

The pack contained so much food that a small family could easily stretch it for a few days.

This story was originally published on September 1, 2025, and most recently updated on April 29, 2026.

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Meet the single moms raising their kids together in a Manhattan 'mommune'

25 de Abril de 2026, 06:40
Bernie Sinclaire and Anabelle Gonzalez

Laila AnnMarie Stevens for BI

Bernie Sinclaire calls herself a "mommunist."

For nearly two years, the 38-year-old has raised kids with her best friend in their shared Manhattan apartment — and she couldn't recommend the setup more. She and Anabelle Gonzalez, 39, have a household rhythm: they trade off chores, cooking, and doing crafts with their elementary-age children. Better yet, the pair splits bills in one of America's most expensive cities.

"We'll be laughing on the couch, playing with our kids, and dinner is made, and the kitchen is cleaned," Sinclaire told Business Insider. "It's been mind-blowing to be able to just sit and talk. That was not something that I experienced when I was in a relationship, and it was not something I was able to enjoy as much when I was a single mother."

Bernie Sinclaire and Anabelle Gonzalez

Laila AnnMarie Stevens for BI

In a city where paychecks are stretched thin and monthly daycare costs rival rent expenses, New Yorkers are pinching pennies. A recent report from the Mayor's Office found that it costs the average family $159,000 to live and raise children in the five boroughs, and that's just for basics like housing and healthcare. Sixty-two percent of all residents — and the vast majority of single-parent households — don't earn enough to meet their cost-of-living threshold. It's hardest for mothers, who are often paid less than men and shoulder more childcare responsibilities.

New York City Mayor Zohran Mamdani took office with a mandate to make the city more affordable. He has announced a plan for universal childcare for toddlers and preschoolers, which builds on the existing NYC Public School free 3-K program. Other proposals aim to lower the cost of apartments, buses, and food. It's a big task, especially as the city's housing demand continues to outpace supply.

To make ends meet, Sinclaire and Gonzalez became a dual-income household with a combined $200,000 — and really fun wallpaper.

"This is not the Mojo Dojo Casa House," Sinclaire said, referring to Ken's bachelor pad in the "Barbie" movie. "This is the Barbie Dream House."

Bernie Sinclaire and Anabelle Gonzalez

Laila AnnMarie Stevens for BI

'A utopia'

The concept of a "mommune," or commune of moms, has always made sense to Sinclaire. She was raised in Italy by a single parent, and said she watched her mother have to "choose between poverty and partnership." She wanted to avoid being financially dependent on a man.

"That was a dream and a wish from early on: to create a family not centered on male partnership and not centered on romance," she said. "Friendships are way more long-lasting, and it didn't make sense to me to have my children's welfare and financial security hinge on something that data shows over and over again is not really working for most women."

Sinclaire and Gonzalez met at an NYC graduate school in 2013 and stayed in touch when they became mothers. Sinclaire has two sons, ages 4 and 9, and Gonzalez has a 7-year-old daughter. Gonzalez had divorced when Sinclaire pitched moving in together.

"It took me time to process because you don't really hear about that type of alternative family," said Gonzalez, who grew up in Brooklyn. She didn't agree right away. "At first I was like, 'Okay, girlie, I love you, but what are you talking about? Then I cried at the end of the conversation because it sounded like a utopia."

Bernie Sinclaire and Anabelle Gonzalez

Laila AnnMarie Stevens for BI

The pair initially settled into Sinclaire's existing two-bedroom apartment, then upgraded to a three-bedroom, two-bathroom Harlem unit costing $4,550 a month. Their monthly rent is roughly $600 higher in the new place, but they say the space is essential as their kids grow. Their two incomes allow them to stay local. In upper Manhattan, about 52% of renter households spend 30% or more of their income on housing, the threshold housing economists typically define as unaffordable.

Both women teach at the same public high school, and said their finances have become more stable since they began sharing costs. Last year, Sinclaire earned $94,278 after deductions and Gonzalez earned $106,952, tax documents reviewed by Business Insider show. They split the $600 monthly grocery bill 50/50, then Gonzalez covers WiFi, and Sinclaire pays the electricity bill.

Childcare is divided, too. Sinclaire's youngest son is now old enough for free 3-K (which saves over $1,000 each month), and the others are in public school. The two moms trade drop-offs, pick-ups, and watching the kids. When there's a gap, they call their part-time caregiver. "She's been with us forever," Sinclaire said. "And we don't have as many hours for her as we did before, but she's our lifeline." Their monthly childcare costs average $600, with Sinclaire paying a larger share because she has two kids.

Since starting the "mommune," Sinclaire said she saves about $1,200 more each month, which goes to her emergency fund, retirement, and kids' college accounts. Gonzalez said they also spend less on takeout and impulse purchases because they can split household responsibilities and avoid burnout — something that wasn't the case in either of their previous relationships. That time and energy savings can't be overstated, she said.

Bernie Sinclaire and Anabelle Gonzalez

Laila AnnMarie Stevens for BI

"You want to be honest about your soul and boundaries and your lifestyle up front," Gonzales said. "Talking about money is uncomfortable — and it has been uncomfortable for me and for Bernie because it was the first time we, as friends, were talking about it — but it's important to talk and be honest about money."

'A New Yorker forever'

Gonzalez is the first to wake each morning to start breakfast. "I don't do measurements," she said, but each plate turns out delicious anyway. Sinclaire — a recipe loyalist — prefers cooking dinner.

Their children act like siblings and enjoy playing together, with occasional squabbles. The moms are each other's support system, and treat all three kids like their own.

"I think that if you're blessed to have a big community, you might not see this as something very different," Sinclaire said. "But if you are, like many mothers, 'default parenting,' and you're overwhelmed and you've lost your sense of self, friendship is lifesaving."'

Sharing a life has given the two more space for their creativity. Gonzalez co-owns a clothing brand. Sinclaire has been able to spend more time on art and is turning years of handwritten journals into a book. Saving money has also given the family more resources to travel. They took the kids to Mexico recently and plan to take their "first solo mommy trip" to Turks and Caicos this summer.

Journals

Laila AnnMarie Stevens for BI

The pair hasn't sworn off romance, but they wouldn't trade it for the "mommune."

"A lot of times people are like, 'This is crazy, that you're going to move in with another woman,'" Sinclaire laughed. "And I said, 'How is that more crazy than moving in with a man that you met online and having children with him?'"

"Yes, we do date," Gonzalez added. "But anybody who dates people will understand that you live in your house and I live in mine."

Even when the kids get older and move away, the moms don't think they'll part ways. There are simply too many Jon Hamm TV shows, Cardi B albums, and nightlife spots for them to appreciate together. They see the "mommune" lasting long past their child-rearing years.

Plus, rent isn't getting any cheaper, and neither of them wants to leave NYC.

"I'm a New Yorker forever," Gonzalez said. "I love my city."

Read the original article on Business Insider

TSA workers may miss another paycheck Friday. Congress is running out of time before recess.

24 de Março de 2026, 13:52
A TSA agent surveys the security line at New York LaGuardia airport.
A TSA agent surveys the security line at New York LaGuardia airport.

CHARLY TRIBALLEAU / AFP via Getty Images

  • TSA workers are unpaid and face another missed check on March 27 during the partial shutdown.
  • Congress has to allocate funding for TSA workers to get paid, but is scheduled to recess after March 27.
  • In the meantime, travelers have been stuck in chaos as TSA workers call out or quit.

As lines snake across airports and Transportation Security Administration workers clock in for another day without pay, a major turning point in the ongoing chaos looms on March 27.

Come Friday, around 47,000 TSA workers are set to miss yet another paycheck, according to their union, the American Federation of Government Employees. That's due to the ongoing partial government shutdown, which has left most of the Department of Homeland Security unfunded. TSA workers haven't received full paychecks since February 14. As a result, hundreds of TSA workers have quit, and thousands have called out of work, contributing to ongoing travel snarls for Americans trying to fly.

Friday might mark more than another empty paycheck: March 27 is the final date Congress is scheduled to be in session before a two-week recess, and lawmakers need to come to a DHS funding deal for TSA workers to get paid.

Lawmakers have clashed over funding DHS after the fatal shootings of Alex Pretti and Renée Good, with Democrats calling for reforms to ICE and Customers and Border Protection. Ultimately, the rest of the government was funded while leaving DHS in the lurch, even as ICE agents are still paid through separate funding from President Donald Trump's sweeping tax and spending bill last year.

There is some potential for relief. Some lawmakers have signaled that they're ready to move forward on a deal, according to CBS News. If that does move forward, the agency could be funded ahead of the break, and workers would start collecting paychecks again.

"President Trump is using every tool available to help American travelers who are facing hours long lines at airports across the country—especially during this spring break and holiday season that is very important for many American families," Acting Assistant DHS Secretary Lauren Bis said in a statement to Business Insider. "This pointless, reckless shutdown of our homeland security workforce has caused more than 458 TSA officers to quit and thousands to call out from work because they are not able to afford gas, childcare, food, or rent."

The TSA woes are being felt at airports across the country. Some travelers have spent hours waiting in lines and faced harrowing conditions as they attempted to navigate through security. Hartsfield-Jackson Atlanta International Airport and Houston's George Bush Intercontinental Airport are both warning passengers to expect wait times of 4 or more hours. To try to mitigate the situation, the Trump administration has sent in ICE agents, a move that AFGE slammed over agents lacking aviation security training.

Mike Gayzagian, president of AFGE Local 2617, which represents TSA workers in airports across New England, said Friday could mark a "hard choice" for TSA workers. If they go without pay, but know there's a deal in place for funding, there might not be a major staffing issue, he said. He thinks that, for some workers, the "damage has already been done."

"It's a good-paying job, and good-paying jobs are hard to find, and reliable, good-paying jobs are even harder to find. The federal government was the gold standard for good-paying, reliable jobs," Gayzagian said. "After this, that's no longer the case. I think a lot of discussion will surround that fact later on, after this is over."

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I left NYC for Miami at 58. I retired early thanks to an unexpected saving.

21 de Março de 2026, 06:55
Scott Scovel standing in front of a view of the Miami skyline.
Scovel loves Miami's sunny weather.

Courtesy of Scott Scovel

  • Scott Scovel moved to Miami in his 50s, hoping to benefit from lower taxes and cheaper living costs.
  • But those costs didn't make as much of a difference as he anticipated, especially after he retired.
  • The biggest benefit of Miami was unexpected — he bought a much cheaper home and retired early.

In 2021, at age 58, I followed one of the hottest relocation trends in the US: I moved from New York to Florida.

I'd accepted a new job in Miami that I intended to be my last, and wanted to see what it would be like to retire in Florida. I was drawn by Miami's warm winters, lower taxes, and supposedly cheaper living, but I also loved New York, so I was torn about where I'd have a better retirement.

Now that I'm here, I love Miami's glorious weather and cultural diversity, but I've only found modest benefits from Florida's lower taxes and living costs when compared to my life in New York.

Miami hasn't met all my expectations, but it surprised me in one very important way, and I'm glad I moved here.

Housing costs were dramatically cheaper in Miami, but they're on the rise

During my first few weeks in Miami, I was lured in by the bike rides I could take through lush parks and along glistening blue waters. In the neighborhood of Brickell, I could enjoy a pedestrian lifestyle similar to Manhattan's. By my sixth month, I was ready to commit to living here permanently, so I called a realtor.

Scovel is wearing a bike helmet and standing on a beach.
Scovel enjoyed riding his bike along Miami's waters.

Courtesy of Scott Scovel.

I bought a two-bedroom condo in cash for $727,500, using the money from the $1.65 million sale of my two-bedroom Manhattan condo in 2019. With no mortgage, my monthly expenses fell significantly. I suddenly realized I could afford to retire years earlier than I expected, relying on my savings, so I left full-time work in 2022 at age 60.

I was lucky because I took Manhattan money with me to Miami, after nearly 40 years of working in the financial services industry. For other Americans moving from lower-income areas, the "Miami dream" may not be as affordable. House prices in Florida aren't what they used to be: evidence shows Miami condos cost over twice as much as they did 10 years ago.

Lower taxes and living costs didn't make as much difference as I expected

When I received my first paycheck in Florida, I rejoiced because there's no personal state income tax here. New York State and City taxes cost me nearly $40,000 some years.

Now that I no longer have an income from a job, I'm not benefiting in the same way. Lower taxes initially drew me to Miami, but I hadn't properly considered that this factor would lose significance when my income fell in retirement.

I also assumed everything would be more expensive in NYC than Miami, but I've been struck by how comparable many costs are. I still buy clothes from online retailers and household goods from Amazon, meaning the prices don't fluctuate significantly based on where I am.

My weekly grocery bill is perhaps a little cheaper in Miami, but some things were unexpectedly cheaper in New York, most notably transportation, as the subway system beats having to own a car or pay for Ubers to get around parts of Miami.

Miami has great weather, but it can't beat New York's cultural abundance

I absolutely love the Florida weather. I grew up with four-month winters in Minnesota, and during my first year in Miami, I'd brag to friends up north that I now wear shorts 360 out of 365 days. I worried that the summer heat would get oppressive, but it actually hasn't been that bad. I wake up at dawn to exercise, avoid the midday sun, and reappear outdoors in the cooler evenings.

Scovel is wearing sunglasses and holding his white dog
Scovel was quickly drawn in by Miami's atmosphere.

Courtesy of Scott Scovel

I like that Miami has a diverse population and is a major hub for Latin American and Caribbean cultures. However, I sometimes miss the broader global culture in New York, where I could effortlessly eat great Thai food just blocks from home, take in an African art exhibit at the Met, or attend a European film festival. Miami can be proud of its restaurant and cultural scene, but almost no city can compare to New York's abundance.

I was shocked housing in Miami was so much cheaper than New York

Though I came to Miami expecting to make significant tax savings and benefit from lower day-to-day expenses, I've found that my retirement living costs are pretty similar to what they would've been in New York.

The biggest benefit, however, was unexpected. I was shocked to learn that Miami housing could be so much cheaper than New York. I bought a comparable condo for less than half the cost of my Manhattan home, which eliminated my need for a mortgage and enabled me to retire early. For that, I'm extremely grateful to Miami.

Scovel is walking through a Miami park, surrounded by tall, thin trees
Scovel is grateful that moving to Miami helped him to retire early

Courtesy of Scott Scovel

Retiring early means I'm young enough to fully enjoy my golden years. I bask in the Miami sunshine on walks and bike rides, travel extensively to other countries, and have time to pursue all sorts of hobbies, from improv classes to museum trips.

One of the most enduring myths about Florida's history is that European explorer Ponce de León came here in search of the fountain of youth in the 1500s. I'd like to think I've found my own fountain of youth by retiring early in Miami — something that means more to me than a lower tax rate.

Do you have a story to share about moving to Miami? Contact the editor, Charissa Cheong, at ccheong@businessinsider.com

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The Fed is likely to hold rates steady with volatile oil prices and poor US jobs performance

17 de Março de 2026, 05:59
Fed Chair Jerome Powell
Jerome Powell will lead his second-to-last Federal Reserve meeting as chair this week.

Kevin Dietsch/Getty Images

  • The Federal Reserve will announce its March interest rate decision on Wednesday afternoon.
  • It's likely the FOMC will hold rates steady, especially as the Iran war has sent oil markets into chaos.
  • The Fed will also release its first economic projections of 2026.

It's been a tumultuous few weeks for the US economy, and the Federal Reserve is paying attention.

The central bank will announce its second interest-rate decision of 2026 on Wednesday afternoon, with CME FedWatch predicting a near-total chance of a rate hold based on market moves. The Fed cut rates three times in the second half of 2025, and has penciled in at least one rate cut for the new year. For consumers, these policy decisions affect inflation, the job market, and borrowing costs.

At the March meeting, Fed leaders will consider the dismal February job growth report, steady inflation rate up through last month, first-quarter business outlook, and the budding energy and oil crisis in Iran. This is also Jerome Powell's second-to-last meeting as chair. He's set to be replaced by ex-Wall Streeter and Trump appointee Kevin Warsh in May if Warsh is confirmed by the Senate.

Here's what you need to know ahead of the decision.

The Fed has a near-total chance of holding rates

It's likely that the Fed will take a conservative approach to monetary policy in March. Holding rates steady could help control inflation. The ongoing Iran war has raised the price of gas and oil — something that's likely to impact everything from plane tickets to grocery costs over the next several months unless the situation improves. The February consumer price index, released March 11, increased 2.4% year over year, the same rise as in January. However, this figure doesn't yet reflect the spike in energy prices, as the overwhelming majority of the data predate the start of the conflict.

The Strait of Hormuz — a major trade throughfare between the Persian Gulf and the Gulf of Oman — has been largely closed by Iran's leadership since early March. The move is cutting off about 20% of global oil production, causing market volatility. Oil prices recently surged past $100 a barrel, and while they've calmed slightly, the key commodity is still far more expensive than it was before the war.

Mark Hamrick, senior economic analyst at Bankrate, told Business Insider the oil shock "creates a real problem for consumers in the broader economy at a time when affordability challenges have already been first and foremost in terms of the major issue that voters and consumers have been railing against."

Oil isn't the only commodity choked off by the closure of the Strait — the hit to fertilizer prices could soon cause food costs to rise if the war continues.

The job market, meanwhile, is showing clear signs of weakness. The disappointing February jobs report showed that US lost 92,000 jobs that month. The unemployment rate also inched up to 4.4%. This is a contrast from January growth and the central bank's optimistic employment outlook at their last meeting.

"The January report saw a really stark reversal from the slow movement in 2025, and there was a lot of expectation that this momentum would continue and keep pace. And that was not the case for February," Nicole Bachaud, an economist at ZipRecruiter, said.

Cory Stahle, an economist at Indeed Hiring Lab, advised people to look at the broader job market trend after the US got one good January report and a bad one in February. Still, as Stahle pointed out, the US basically hasn't created jobs in the past six months.

The Fed will also release its quarterly economic projections on Wednesday, offering a window into its rate decisions for the remainder of the year. With a recent track record of policy disagreements among Fed leaders, it's possible there will be a wide range of predictions.

What the Fed's decision means for consumers

Fed decisions impact mortgage and credit card rates, auto loans, inflation, and job market churn over time. Lower rates may juice a sluggish job market, at the risk of pushing consumer prices higher. Powell and the Federal Open Market Committee will weigh which side of their dual mandate to prioritize. The bank's inflation goal is 2%.

If the Fed holds rates, Americans' finances will remain largely unchanged. Mortgage, auto, and credit rates tend to fluctuate alongside the federal funds, though it takes a pattern of decisions before interest rates change noticeably for consumers. Businesses and job seekers hoping for cheaper borrowing and a hotter labor market might have to wait until later this year.

Powell said at the last Federal Open Market Committee press conference in January that America's economy is coming into the year "on a firm footing," but "policy is not on a preset course, and we will make our decisions on a meeting-by-meeting basis."

Leadership changes are imminent

Trump has nominated Warsh, a former bank executive and central bank governor, to succeed Powell as Fed chair. Warsh has a reputation for hawkish monetary policy and for being tough on inflation, and it's unclear whether he will follow through on Trump's request for more rate cuts.

Matt Colyar, an economist at Moody's Analytics, said the inflation story will be interesting to follow.

"You got a Fed chair tapped because he got the job because of his stated intention of lowering interest rates, and now you're going to get an inflationary shock that's going to push up prices with no real clear end game in sight," Colyar said about the oil shock and spillover effects from the Iran war.

Warsh's nomination is shadowed by tensions between the central bank and the White House. Fed Governor Lisa Cook's case was heard by the Supreme Court earlier this year after Trump accused her of mortgage fraud, which her legal team denies. Powell also announced in January that the Department of Justice launched a probe — which is still ongoing — into the Fed's handling of construction at its Washington, DC, buildings.

The probe sparked major concerns about political pressure on interest rates and Fed independence. Last week, federal judge James Boasberg squashed two subpoenas from the DOJ as part of the probe.

"A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," Boasberg said.

Senators from across the aisle, including retiring North Carolina Republican Thom Tillis, who sits on the Senate Committee on Banking, Housing, and Urban Affairs, have signaled that they will oppose a confirmation vote for Warsh or any of Trump's Fed picks because of the DOJ probe. These confirmation hearings have not yet been scheduled, though Powell's term ends May 15.

The president hopes to see a rate cut sooner rather than later.

"Where is the Federal Reserve Chairman, Jerome 'Too Late' Powell, today?" Trump posted on March 12. "He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!"

Read the original article on Business Insider

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