Feb 20 Inflation rose faster than expected in December By Christopher Rugaber, Associated Press The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. Continue reading
Feb 13 Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool By Christopher Rugaber, Associated Press 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. Continue reading
Feb 05 WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates By Fatima Hussein, Christopher Rugaber, Associated Press 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. Continue reading
Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve By Amna Nawaz, Diane Lincoln Estes President Trump announced Kevin Warsh as his pick to be the next chairman of the Federal Reserve. Warsh was an advisor to George W. Bush and served on the Federal Reserve’s Board of Governors from 2006 to 2011. If confirmed,… Continue watching
Jan 30 What economic experts think about Trump's choice of Kevin Warsh for Fed chair By Hannah Grabenstein Experts appear to view Warsh’s nomination with “cautious relief,” said Mark Gertler, a professor of economics at New York University. Continue reading
Jan 30 Trump names Kevin Warsh, former Federal Reserve official, as next Fed chair to replace Powell By Christopher Rugaber, Associated Press 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… Continue reading
Jan 29 Trump says he'll announce Federal Reserve chair pick next week By Associated Press President Donald Trump said his pick will do a "good job" and that he wants the Fed to cut rates when there are signs of economic growth. Continue reading
Jan 27 WATCH: Powell holds news conference after Federal Reserve leaves interest rate unchanged By Christopher Rugaber, Associated Press 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.”… Continue reading
Jan 21 Watch Supreme Court hears case on Trump's attempt to control Federal Reserve By Ali Schmitz The Supreme Court heard arguments in a legal battle centered on President Trump’s efforts to fire a Federal Reserve governor. The case comes as Trump has moved to exert greater control over the Fed. Ali Rogin discussed more with News… Continue watching
Jan 20 LISTEN: Supreme Court case on Trump's attempt to fire Federal Reserve board member Lisa Cook By Mark Sherman, Associated Press The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to wrest control of the nation's central bank. Continue reading