Aug 19 'Many' Fed officials think higher rates will be needed if inflation stays high By Christopher Rugaber, Associated Press Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. Continue reading
Aug 19 7 questions about the national debt hitting $40 trillion By Lisa Desjardins There is a lot to unpack about the national debt. Here's a starter guide to what's happening with the national debt right now. Continue reading
Aug 13 Wholesale price inflation slows last month as gas and food costs fall By Christopher Rugaber, Associated Press Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. Continue reading
Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated By Christopher Rugaber, Associated Press 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… Continue reading
Aug 07 Trump administration proceeds with efforts to fire Federal Reserve governor Lisa Cook By Eric Tucker, Paul Wiseman, Associated Press 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… Continue reading
Jul 29 WATCH: Fed chair Warsh holds news conference after leaving interest rate unchanged By Paul Wiseman, Associated Press 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. Continue reading
Jul 14 Massive data center buildout poses latest inflation threat for consumers By Christopher Rugaber, Associated Press Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive. Continue reading
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