Politics Sep 29 WATCH: Trump announces accord signed by top AI companies to 'self-police' development Many of the executives gathered in Washington have called for a slowdown in the development of the technology after several hgh-profile incidents where AI agents have gone rogue.
Economy Sep 21 Fighting inflation likely to be 'painful,' Chicago Fed president says A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.
Economy Sep 20 Federal Reserve rate hike reflects new world of sticky inflation and faster growth The low interest-rate, low-inflation world that lasted for nearly 15 years after the Great Recession is over and a higher-priced, higher-rate world is taking its place.
Economy Sep 15 WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards.
Economy Sep 03 Fed governor Waller muddies outlook on possible rate hike later this month Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.
Economy Sep 02 Why bond yields are rising and why everyone should care Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy.
Economy Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference.
Economy Aug 28 WATCH: Fed Chair Warsh signals stubborn inflation may require rate hikes in Jackson Hole speech Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously…
Economy Aug 19 'Many' Fed officials think higher rates will be needed if inflation stays high Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed.
Economy Aug 19 An alarmed bond market gets the Trump administration to act again Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders.