Browsing: Federal Reserve
The man who invented the Fed’s magic trick just died. His successor is about to try it again
Some of the most consequential decisions in the global economy of the 1990s were worked out in a bathtub. Alan…
The Fed will bring down the hammer on inflation with a series of rate hikes this year, BofA says
The Federal Reserve has tolerated inflation above its 2% target for five years as it navigated a series of shocks,…
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 would show up: the…
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 rare circumstances. When it…
The specter of higher-than-2% inflation has loomed over the economy since the pandemic. But just as it seemed like the…
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 to 4.2% from 3.8%—the…
President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares…
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 defend independent institutions while…
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 survey from the Federal…
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 inflation, but deteriorating U.S.…












