Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation By Christopher Rugaber, Associated Press In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”… Continue reading
Jun 26 DNC plans weekend of local events to focus on affordability concerns under Trump By Matt Brown, Associated Press Two years ago, Democrats were the ones accused of being indifferent to Americans’ anger about rising prices. Now they're pointing the finger at Trump, who has downplayed the impact of lingering inflation. Continue reading
Jun 25 The new housing bill is historic. Experts say it may fall short for renters most in need By Hannah Grabenstein PBS News spoke with housing experts on how the bill can address the needs of lowest-income households and where the legislation falls short. Continue reading
Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges By Christopher Rugaber, Associated Press The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout. Continue reading
Jun 24 Trump says he won't sign major housing bill until Congress passes SAVE Act By Associated Press The president's announcement came at an awkward time for House Republican leadership, coming just as they were speaking at a press conference about the importance of the bill in addressing affordability. Continue reading
Jun 24 House gives final approval to landmark housing bill aimed at lowering costs By Michael Casey, Mary Clare Jalonick, Associated Press The legislation represents one of the most sweeping efforts in decades to increase the supply of housing and bring down prices. Continue reading
Jun 23 WATCH: Trump touts the economy in Pennsylvania, following interim agreement with Iran By Mike Catalini, Seung Min Kim, Associated Press Trump's trip to the Allentown-area business comes as he works to try to put the conflict — and the higher gasoline prices it caused — in the rearview mirror as November midterm elections draw closer. Continue reading
Jun 18 U.S. gas prices just fell below $4 for 1st time since March. They're still 25% higher than last year By Michelle Chapman, Associated Press Prices fell overnight after President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country. Continue reading
Jun 18 Trump's economic approval rating hits new low, poll finds By Hannah Grabenstein Some voting groups that Trump handily won aren’t happy with his economic approach, including more thanhalf of white voters without a college degree. Continue reading
Jun 10 WATCH: Trump claims U.S. is taking 'millions of barrels' of oil out of Strait of Hormuz, calls inflation data 'great' By Associated Press The president said that U.S. forces have been removing millions of barrels of oil on a nightly basis, and he had previously “wanted to say it so badly.”… Continue reading