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News
Federal Reserve to leave key rate unchanged despite high prices — for now
1+ mon, 2+ week ago (222+ words) 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. The Fed's rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth…...
Behind the beef prices: Piedmont butcher says local meat market is growing despite rising costs
1+ mon, 4+ week ago (561+ words) One local couple is paying more for packaging materials for their meat products due to supply chain disruptions caused by the ongoing conflict in the Middle East. Americans continue to feel the squeeze of high grocery costs. According to the…...
Fed minutes: Officials deeply divided over future path of US inflation
2+ mon, 4+ day ago (514+ words) The Federal Reserve's rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday. In the first set of minutes released under new…...
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
2+ mon, 1+ week ago (621+ words) 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 a central bank conference in Sintra,…...
Alan Greenspan, longtime Fed chair and giant of American economics, dies at 100
2+ mon, 2+ week ago (395+ words) Alan Greenspan, an influential economist and longtime chair of the United States Federal Reserve, has died at 100. Video above: Remembering those we lost in 2026 His wife, Andrea Mitchell, the chief Washington correspondent and chief foreign affairs correspondent for NBC News,…...
Federal Reserve keeps interest rates steady under new Chairman Kevin Warsh
2+ mon, 3+ week ago (264+ words) New Federal Reserve Chairman Kevin Warsh announced the decision to hold interest rates steady in his first policy meeting Wednesday. The Federal Reserve announced Wednesday that it will keep interest rates steady during its first policy meeting under new leadership....
Fed Chair Jerome Powell finishes his term | Here are takeaways from his legacy
3+ mon, 4+ week ago (1145+ words) When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post…...
Senate confirms Kevin Warsh as chairman of the Federal Reserve
3+ mon, 4+ week ago (792+ words) 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. Warsh was confirmed Wednesday in a largely party-line…...
Justice Department investigating meat packers amid record-high beef prices
4+ mon, 1+ week ago (530+ words) Experts say low cattle inventory and high demand are driving rising prices. The U.S. Department of Justice is investigating major meatpacking companies for anti-competitive practices as Americans are dealing with record-high beef prices, but experts say other factors are driving the…...
Powell plans to remain on Fed board, cites legal actions by Trump administration
4+ mon, 1+ week ago (830+ words) Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for a period of time, to be determined," saying the "unprecedented" legal attacks by the Trump administration…...