Politics Mar 04 White House formally nominates Kevin Warsh to be next Federal Reserve chair Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee.
Economy Mar 03 The U.S. economy is already unsteady. A war in Iran could add to that uncertainty A longer war that pushed oil past $100 a barrel for an extended period would likely boost inflation, at least temporarily.
Politics Feb 25 Trump's portrayal of 'golden age' is out of sync with how Americans see economy President Donald Trump sought in his first State of the Union address to sell Americans on the idea of a booming economy, falling prices, and soaring jobs, yet he faces a skeptical public with a much gloomier view.
Economy Feb 20 U.S. economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said.
Economy Feb 20 Inflation rose faster than expected in December The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022.
Economy Feb 13 Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool Friday's report suggests inflation could be cooling, but it comes after the cost of food, gas, and apartment rents have soared since the pandemic.
Politics Feb 05 WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates.
Economy Jan 30 Trump names Kevin Warsh, former Federal Reserve official, as next Fed chair to replace Powell President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer…
Economy Jan 27 WATCH: Powell holds news conference after Federal Reserve leaves interest rate unchanged The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”…
Economy Jan 13 Inflation cooled slightly in December but remains above Fed's target Many economists had expected inflation to jump last month as the government resumed normal data collection after the six-week shutdown last fall, so the modest increases that matched the November figures came as a relief.