Some of the most consequential decisions in the global economy of the 1990s were worked out…
Tag: Federal Reserve
President Trump interview: An hour in the Oval Office with the CEO-in-Chief
President Trump can’t believe Jensen Huang doesn’t own his own plane. Hours before he departs for his…
Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
Before Kevin Warsh stepped up to the podium Wednesday afternoon, no one really knew which one…
Trump has turned the dollar into a foreign policy tool, a move economists say could backfire
For decades, the U.S. largely held off on approving currency swaps with foreign powers, save for…
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
The specter of higher-than-2% inflation has loomed over the economy since the pandemic. But just as…
Inflation is back above 4% for the first time since 2023—but Kevin Warsh might catch a break
Consumer prices rose 0.5% in May, the Bureau of Labor Statistics reported Wednesday, lifting annual inflation…
Trump says Fed rate increase would be wrong ahead of Warsh debut
President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his…
The May jobs report just blew past expectations—and maybe too far for markets
The labor market delivered another whopping win on Friday: 172,000 jobs in May, when economists had…
Powell keeps battling Trump without saying his name: ‘Like many other institutions, the Fed has been undergoing a stress test’
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to…
More Americans face hunger as people face a ‘remarkable’ rise in food insecurity, per New York Fed
There are more Americans experiencing food insecurity now than there were during the pandemic, a new…
Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’
Federal Reserve Chair Jerome Powell cautioned markets on Wednesday not to assume another rate cut is…
US debt is the ‘elephant in the room’ amid bond rout as interest costs could drive larger deficits
Recent weeks have seen a major selloff in the bond market as high oil prices spike…
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices
On the same day that Kevin Warsh was sworn in as the new Federal Reserve chairman,…
The 30-year yield hasn’t been this high since the Great Recession. Do the bond vigilantes ride again?
Back in 1993, the great Democratic strategist James Carville—famous for his quip, “It’s the economy, stupid”—told…
New York Fed warns about $69 trillion foreign investment ‘burden’ on U.S. economy
For decades, the U.S. enjoyed a peculiar privilege: It owed the world a fortune but somehow…
Federal Reserve researchers find tariffs fully pass on to consumers and inflation
The debate about who actually pays for tariffs has simmered in boardrooms and at kitchen tables…
Iran War is hitting low-income Americans the hardest at the gas pump, the New York Fed says
Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices…
‘This is not normal’: Former Fed economist sounds alarm on Kevin Warsh after one-sided confirmation
The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as…
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Federal Reserve Chair Jerome Powell announced Wednesday he will remain on the Fed’s Board of Governors…
Ray Dalio warns of stagflation as Fed political pressure grows
American households are already feeling the squeeze of a slower, pricier economy, a situation some observers…