Economy Aug 13 Wholesale price inflation slows last month as gas and food costs fall By Christopher Rugaber, Associated Press
Economy Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive… By Christopher Rugaber, Associated Press
Politics Aug 07 Trump administration proceeds with efforts to fire Federal Reserve governor Lisa Cook The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud… By Eric Tucker, Paul Wiseman, Associated Press
Economy Jul 29 WATCH: Fed chair Warsh holds news conference after leaving interest rate unchanged The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. By Paul Wiseman, Associated Press
Economy Jul 14 Massive data center buildout poses latest inflation threat for consumers Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive. By Christopher Rugaber, Associated Press
Jul 13 WATCH: Fed chair Kevin Warsh testifies on inflation and monetary policy in House hearing By Christopher Rugaber, Associated Press Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps. Continue reading
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 29 Watch 5:35 Supreme Court ruling proves Federal Reserve is unique agency, Lisa Cook's lawyer says By Geoff Bennett, Diane Lincoln Estes In a 5-4 ruling, Supreme Court justices said that President Trump does not have the power to fire Lisa Cook, a member of the Federal Reserve Board of Governors. Geoff Bennett discussed that decision with Cook's lead counsel, Abbe Lowell. Continue watching
Jun 29 Supreme Court says Fed's Lisa Cook can keep her job for now, but it upholds other Trump firings By Mark Sherman, Associated Press The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception, the Federal Reserve. Continue reading
Jun 22 Former Federal Reserve Chairman Alan Greenspan dies at 100 By Paul Wiseman, Christopher Rugaber, Associated Press Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. He was 100. Continue reading