News
Warsh's debut Fed press conference may reveal his strategy for inflation, rates
1+ hour, 47+ min ago (318+ words) WASHINGTON " New Federal Reserve Chairman Kevin Warsh has talked at length in recent years about the U. S. central bank's balance sheet, the need to say less about interest rates and why it should not dip into issues like climate change. A…...
I love the inflation: Trump comments on Consumer Price Index as it vaults above 4%
4+ day, 21+ hour ago (758+ words) People purchase gasoline at a Sunoco gas station ahead of the Memorial Day weekend on May 21 in Philadelphia, Pa. (REUTERS/Seth Herald) WASHINGTON " U. S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for…...
US labor market shows resilience in face of war; housing still subdued
3+ week, 3+ day ago (477+ words) WASHINGTON " The number of Americans filing claims for unemployment benefits fell last week, pointing to labor market resilience and giving the Federal Reserve room to focus on surging inflation from the war with Iran. There are no signs yet that…...
Tax refunds help to lift US retail sales; drag from rising inflation looms
1+ mon, 20+ hour ago (376+ words) WASHINGTON " U. S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U. S. -backed war with Iran. The reports joined recent…...
Warsh clinches Senate approval to be Fed's next chair as inflation intensifies
1+ mon, 1+ day ago (21+ words) Nation and World News | Hawaii Tribune-Herald...
US annual consumer inflation posts largest gain in three years as prices increase broadly
1+ mon, 2+ day ago (875+ words) WASHINGTON " U. S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican Party ahead of November's midterm elections. The back-to-back rises in the Consumer…...
Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday
1+ mon, 2+ day ago (340+ words) The U. S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U. S. central bank's next leader. The vote passed 51-45, with a single Democrat, John Fetterman of…...
Fed officials say rising supply chain risks fuel concern of more persistent inflation
1+ mon, 1+ week ago (418+ words) WASHINGTON " Federal Reserve officials said on Wednesday the ongoing U. S. -backed war with Iran is raising the risk of a sustained inflation shock, with continued high oil prices and developing concerns about problems with global supply chains. While there was initial…...
US inflation surged in March as Iran war pushed up prices
2+ mon, 5+ day ago (854+ words) U. S. inflation surged in March as the energy shock stemming from the war in Iran rippled across the economy. The consumer price index report showed that inflation jumped to 3. 3% compared with the same time last year, almost a full percentage point…...
Blue-collar work has plateaued, narrowing options for young workers
2+ mon, 6+ day ago (1046+ words) In June, the White House said President Donald Trump's signature package of tax cuts would "unleash our economy and deliver a Blue-Collar BOOM." The president and his vice president, JD Vance, have also pledged that Trump's tariff campaign would revive…...