News
Fed Chair Has Defined Success. Now He Needs To Deliver It
2+ hour, 29+ min ago (628+ words) The Federal Reserve held rates steady at its June meeting. That wasn't the story. What mattered: Kevin Warsh sees a credibility crisis. The fix is to deliver on past promises, not signal the future. (RELATED: What Kevin Warsh Faces Heading…...
What Kevin Warsh Faces Heading Into The Fed
1+ week, 2+ day ago (360+ words) It is no exaggeration to say that newly installed Federal Reserve Chairman Kevin Warsh will be one the most scrutinized heads of the institution. His highly anticipated debut in this new role is scheduled for the central bank's meeting during…...
May Jobs Report Shows The Summer Hiring Season Started With A Bang
2+ week, 1+ day ago (585+ words) Friday's jobs numbers'confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial commentators suggest. Employers added 172, 000 jobs last month, unemployment remained low at 4. 3 percent, and previous job gains were revised upward by…...
Jobs Report Blows Past Expectations In Welcome Bright Spot For Inflation-Plagued Economy
2+ week, 1+ day ago (214+ words) A new jobs report exceeded expectations despite the U. S. economy facing inflation and record debt. U. S. payrolls rose by 172, 000 last month, far above the Dow Jones" 80, 000 estimate that CNBC reported Friday. Unemployment remained steady at 4. 3%. (RELATED: Trump"s Top Economic Advisor Touts…...
Energy Giants Warn Another Oil Price Spike Coming Soon
2+ week, 1+ day ago (324+ words) Leading executives at Exxon Mobil and Chevron sounded an alarm during a recent Bernstein conference: Global oil inventories are plunging to dangerously low levels, setting the stage for a potential price explosion that could reshape economies and expose the fragility…...
The Dubious Legal Theory That Could Make Life Even More Expensive For Americans
2+ week, 3+ day ago (518+ words) Nearly everyone is concerned about the rising cost of everything from groceries to health care to housing. But now there's a crazy new antitrust legal theory that could make every day purchases MORE expensive. A new lobbying group called the…...
Trump's Top Economic Advisor Touts Growing Wages " But There's A Problem
2+ week, 6+ day ago (463+ words) National Economic Council Director Kevin Hassett touted growing wages during a "Fox News Sunday" interview before the host reminded him about inflation data. National Economic Council Director Kevin Hassett was touting growing wages during a "Fox News Sunday" interview before…...
First Quarter GDP Revised Downward As Voters Fret Over Economy
3+ week, 2+ day ago (502+ words) The U. S. economy is faring worse than previously thought, according to a report released Thursday by the U. S. Bureau of Economic Analysis. Real GDP only grew 1. 6% during the first three months of the year, down from the 2% the government originally reported, according…...
Cash Drain On Americans' Savings Accounts Nears Great Recession Levels
3+ week, 2+ day ago (419+ words) Shutterstock image via user Sellwell The personal savings rate fell to its lowest level in roughly four years on Thursday as Americans continued to dip into their earnings to pay for increasing prices on goods caused in large part by…...
The Case For A Smaller, Humbler Federal Reserve
3+ week, 3+ day ago (515+ words) For two decades, the Federal Reserve has behaved less like a central bank and more like the nation's emergency room physician, trauma counselor and part-time life coach. Markets sneeze, the Fed reaches for liquidity. Congress overspends, the Fed absorbs the…...