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 14 Inflation worsened last month to 3.7% as midterm elections near Gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability. 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
Economy Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says 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… By Geoff Bennett, Courtney Norris
Economy Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way 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. By Stan Choe, Associated Press
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 16 Retail sales rise better-than-expected 1.2% in August By Anne D'Innocenzio, Associated Press The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation. 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
Sep 11 U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away. Continue reading
Aug 31 WATCH: Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes By Associated Press Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”… Continue reading