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
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 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 17 Watch 6:51 What Warsh's first meeting as Fed chair signals By Amna Nawaz, Azhar Merchant, Nana Adwoa Antwi-Boasiako The Federal Reserve held interest rates steady in the first meeting led by Kevin Warsh. The decision to maintain rates for a fourth-straight meeting was supported by all 12 members of the Federal Open Market Committee, but new quarterly projections… Continue watching
Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. Continue reading
Jun 01 Jerome Powell uses award speech to warn against political pressure on Fed, courts and schools By Leah Willingham, Associated Press The award also honored residents of Minnesota's Twin Cities for their actions during a federal immigration crackdown that led to thousands of arrests and two deaths. Continue reading
May 22 WATCH: Kevin Warsh sworn in as chairman of the Federal Reserve By Associated Press President Donald Trump hosted a swearing-in ceremony for Kevin Warsh as new Fed chair on Friday. “I want Kevin to be totally independent. I want him to be independent and just do a great job,” Trump said. Continue reading
May 15 Takeaways from Fed chair Jerome Powell's legacy By Chris Rugaber, Associated Press Federal Reserve Chair, Jerome Powell is stepping down after eight years. Here are key takeaways from his tenure. Continue reading
May 13 Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell By Christopher Rugaber, Joey Cappelletti, Associated Press The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. Continue reading