Economy Oct 16 Fed chair Warsh says price stability is key but shies away from signals about rates By Elaine Kurtenbach, Associated Press
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… By Christopher Rugaber, Associated Press
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… By Christopher Rugaber, Associated Press
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. By Christopher Rugaber, Associated Press
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. By Christopher Rugaber, Associated Press
Sep 20 Federal Reserve rate hike reflects new world of sticky inflation and faster growth By Christopher Rugaber, Associated Press 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. Continue reading
Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way By Stan Choe, Associated Press U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. Continue reading
Sep 16 What the Fed rate hike likely means for you By Paul Wiseman, Associated Press Bad news for borrowers, good news for savers. Continue reading
Sep 15 WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years By Christopher Rugaber, Associated Press 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. Continue reading