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Kevin Hassett critiques Phillips Curve, predicts inflation data will challenge Fed | Fox Business Video
2+ hour, 15+ min ago (154+ words) Kevin Hassett, White House National Economic Council director, discusses current market expectations for higher interest rates on Fox Business Network. He explains that the traditional Phillips Curve model, linking low unemployment to inflation, is outdated, especially with a supply-driven economic…...
Fed: Credit Card Use Outpaced Debit Growth for First Time In Nearly A Decade
21+ min ago (236+ words) CU Today WASHINGTON'Americans continued shifting away from checks and cash in 2024, with the number of noncash payments climbing to a record 236. 6 billion and credit card use growing faster than debit card transactions for the first time in nearly a decade,…...
White House Economic Adviser Hassett Warns Against Raising Interest Rates
2+ hour, 32+ min ago (393+ words) Kevin Hassett, chairman of the White House National Economic Council (NEC), stated on Monday that raising interest rates would be a mistake, injecting a new voice into the ongoing debate over the direction of U. S. monetary policy. Hassett's comments, made during…...
US DEBT CLOCK updated July 1 | 1397. 23 X money growth since 1913. 124 X wage growth since 1913. The annual FRACTIONAL RESERVE BANKING "TAX" is currently $21, 391 per adult. Still images from video plus Grok analysis]
1+ hour ago (453+ words) ransomnote: I confirmed the following x. com post's assertion that the US Debt Clock has been updated as of July 1. Below are still images of the video at the link. The images are visually 'busy' so I spaced them out." July…...
White House Adviser Hassett Warns Against Raising Interest Rates
3+ hour, 12+ min ago (475+ words) White House economic adviser Kevin Hassett has publicly cautioned against raising interest rates, warning that such a move could undermine the ongoing economic recovery. His remarks, delivered during a press briefing on Tuesday, signal a clear divergence between the Biden…...
Eurozone consumer inflation in June drops to 2. 8% on the year
8+ hour, 27+ min ago (121+ words) Yahoo Finance Oops, something went wrong U. S. markets close in 1h 2m Eurozone consumer inflation in June drops to 2. 8% on the year Eurozone annual consumer inflation declined faster than expected in June, coming in at 2. 8% according to provisional figures released on Wednesday by…...
Warsh Emphasizes Independence, Signals Inflation Focus
4+ hour, 23+ min ago (292+ words) CHRISTOPHER RUGABER Wednesday, 01 July 2026 10: 39 AM EDT New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at…...
Federal Reserve Projected to Raise Interest Rates This Year: Market Odds
46+ min ago (295+ words) Watcher Guru Federal Reserve Projected to Raise Interest Rates This Year: Market Odds The Federal Reserve is now projected to raise interest rates before the end of this year, according to market odds tracked by Polymarket. The Fed has yet…...
Euro Hits 1-Year Low vs Pound on Soft Inflation
5+ hour, 6+ min ago (465+ words) The Euro (EUR) is under pressure against the British Pound (GBP) on Wednesday after weaker-than-expected Eurozone inflation data dampened expectations for another interest rate increase by the European Central Bank (ECB) this year. At the time of writing, EUR/GBP…...
Fed rate hike: Warsh firm on 2% inflation target, vows real-time data for rate decisions
1+ hour, 36+ min ago (87+ words) Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump's calls for rate cuts. Warsh emphasized the Fed's independence and announced plans to leverage real-time economic data. As on 01 Jul…...