May 12 Senate confirms Jerome Powell for second term as Fed Chair By Christopher Rugaber, Associated Press The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades. Continue reading
May 11 WATCH: Biden sees bigger role for U.S. farms to ease food prices amid Ukraine war By News Desk and Associated Press President Joe Biden is vowing to help American farmers try to ease a global spike in food prices following Russia's invasion of Ukraine. Continue reading
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
May 10 WATCH: Biden defends record and warns of 'ultra-MAGA' Republicans taking power By Zeke Miller, Chris Megerian, Josh Boak, Associated Press President Joe Biden is warning voters unhappy with soaring inflation and his stalled domestic agenda against turning power over to "ultra-MAGA" Republicans in the midterm elections. Continue reading
May 06 U.S. job market extends hiring streak with 428,000 jobs in April despite surging inflation By Paul Wiseman, Associated Press America's employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Continue reading
May 05 Watch 4:06 Stocks plummet in worst day since 2020 as economic forecast darkens The stock market had its worst day since 2020 on Thursday, just one day after the Dow Jones Industrial Index average posted its best day in years. Washington Post columnist Catherine Rampell joins Judy Woodruff to discuss. Continue watching
May 05 Stocks slump 3 percent as worries grow over higher interest rates By Damian J. Troise, Alex Veiga, Associated Press Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation. Continue reading
May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation By Christopher Rugaber, Associated Press The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point. Continue reading
May 02 Federal Reserve poised to fight inflation with fastest rate hikes in decades By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow, which will compound Americans' financial strains and likely weaken the economy. Continue reading
May 01 Watch 5:02 How one Michigan family is trying to stay afloat amid historic inflation By Geoff Bennett, Maea Lenei Buhre, Layla Quran Prices in the U.S. are climbing at their fastest rates in 40 years, up more than 8 percent from 2021. But for many families across the country that number is more than a data point. We take a look at… Continue watching