Economy Oct 15 How much longer will consumers be willing to muscle through higher prices? High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now…
Economy Oct 15 Wholesale inflation hits levels not seen since 2022 Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.
Politics Oct 14 Lawyers for Federal Reserve's Lisa Cook say White House hearing set up by Trump is 'biased' Federal Reserve governor Lisa Cook's lawyers say that a committee set up by the White House last week to investigate an accusation against her is “demonstrably biased," though they did not close the door on the possibility that she would…
Economy Oct 14 Inflation worsened last month to 3.7% as midterm elections near Gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability.
Politics Oct 09 Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her The inquiry will include a hearing at the White House Nov. 5, President Donald Trump said in a written memo, that Cook “shall” attend to answer questions from the committee.
Politics Sep 30 No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.
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.