News
Who is Kevin Warsh, Trump's Federal Reserve chair nominee?
1+ mon, 2+ week ago (363+ words) President Donald Trump said Friday he will nominate Kevin Warsh to be the next chair of the Federal Reserve after Jerome Powell's term ends in May. Warsh, 55, was a member of the Fed's board from 2006 to 2011. He was the youngest…...
Iran War clouds Federal Reserve's outlook on rate cuts
2+ day, 1+ hour ago (575+ words) The Iran War has scrambled the Federal Reserve's outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases. For…...
How the Iran conflict could affect your wallet
2+ week, 1+ day ago (291+ words) Rising oil prices may mean higher costs and inflation pressure. Americans are already beginning to feel the financial impact of military action in Iran " starting with higher prices at the gas pump. But higher oil prices don't stop there. When…...
The changes you can expect to see at the gas pump following the strike on Iran
2+ week, 2+ day ago (160+ words) The conflict in Iran could push gas prices higher in Iowa, though any increase may not be immediate, experts say. Matthew Mitchell, an associate professor of international business and strategy at Drake University, said students in his classroom have been…...
Trump mentioned Iowa gas prices in State of the Union. Here are the numbers
3+ week, 21+ hour ago (425+ words) President Donald Trump delivered his first State of the Union address of his second term on Tuesday night, focusing on the economy, immigration and foreign policy. We fact-checked the State of the Union, including a portion in which he referenced…...
Here's which grocery items had price increases this year
2+ mon, 2+ week ago (490+ words) Bird flu, New World Screwworms and tariffs are among the biggest hits to grocery items in 2025. This year, grocery prices were driven higher by several factors, including bird flu outbreaks, New World Screwworm infestations in cattle and tariffs. Follow the…...
China's economy grows 5% in 2025, despite Trump's tariffs
2+ mon, 12+ hour ago (641+ words) China's economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite U.S. President Donald Trump's tariffs. However, growth slowed to a 4.5% rate in the last quarter of the year, the government said Monday. That was the slowest quarterly growth…...
This is how much your groceries went up in January
1+ mon, 5+ day ago (261+ words) Food prices rose 2.9 percent at the start of the year, according to the Bureau of Labor Statistics. Check our grocery calculator to see how prices on your list rose or fell. The latest Bureau of Labor Statistics (BLS) report shows…...
Can Donald Trump unilaterally cap credit card interest rates at 10%? It’s a request, not a law
2+ mon, 3+ day ago (815+ words) Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year. A Jan. 10 White House X post included an image of Trump's Truth Social post from…...
December jobs report reveals 50,000 jobs added, unemployment rate at 4.4%
2+ mon, 1+ week ago (162+ words) The December jobs report shows 50,000 new jobs were added, slightly below economists' predictions, with the unemployment rate at 4.4%. The December jobs report released Friday indicates that employers added 50,000 jobs, slightly below the 55,000 jobs economists had predicted. The numbers are being…...