Warsh Vows to Beat Inflation, Defend Fed Independence
Fed Chair Kevin Warsh told Congress inflation won't persist on his watch, announced five task forces, and defended the central bank's independence.
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Fed Chair Kevin Warsh told Congress inflation won't persist on his watch, announced five task forces, and defended the central bank's independence.
US inflation fell to 3.5% in June as gas prices dropped 9.7%, the largest CPI decline in four years. Core inflation eased, reducing pressure on the Fed.
June CPI cools to 3.5% as Fed Chair Warsh vows regime change. Iran war threatens new price spikes, creating a delicate balancing act for policymakers.
Over 200 economists, including 16 Nobel laureates, warn AI could transform the economy faster than the Industrial Revolution as AI spending raises prices.
U.S. employers added just 57,000 jobs in June, far below expectations, as consumer confidence remains historically low amid war-induced inflation.
The US economy added 57,000 jobs in June, well below expectations, as the unemployment rate ticked down to 4.2% and wage growth trailed inflation.
Fed Chair Kevin Warsh says inflation risks have declined, citing falling energy prices after the US-Iran deal. He also addressed AI and Fed independence.
The Supreme Court term expanded presidential power while dealing Trump defeats on birthright citizenship, the Fed, and mail-in voting.
The Fed's preferred inflation gauge surged to 4.1% in May, a three-year high, as mortgage rates hover near 6.5% and the Iran war drives energy costs.
The Fed's preferred inflation gauge hit 4.1% in May, a three-year high, driven by energy costs from the Iran war. Core inflation rose to 3.4%.
Alan Greenspan, the influential former Federal Reserve chairman who served from 1987 to 2006, has died at age 100 from Parkinson's complications.
Alan Greenspan, former Federal Reserve chairman who served under four presidents and guided US monetary policy for 18 years, has died at 100.
Alan Greenspan, who served as Federal Reserve chairman from 1987 to 2006 and shaped U.S. monetary policy through boom and crisis, has died at 100.
Gold prices have wiped out all 2026 gains, falling over 22% from January's peak. Goldman Sachs and Citi slash targets as the Fed turns hawkish.
Income needed to buy a home has nearly doubled since 2020, Kevin Warsh takes over the Fed, and North Dakota emerges as a tax-friendly contender.
Kevin Warsh takes over as Federal Reserve Chair, bringing shorter statements, hawkish signals, and task forces. Here's what his leadership means.
The Fed held rates at 3.5%-3.75% in Kevin Warsh's first meeting as chair. The hawkish dot plot signals potential rate hikes amid 4.2% inflation.
US producer prices rose 6.5% in May, the largest yearly jump since 2022, driven by soaring energy costs from the Iran war and Hormuz closure.
U.S. inflation hit 4.2% in May, highest in 3 years, as Iran war drove gas prices up 40%. Producer prices surged 6.5%, biggest jump since 2022.
U.S. inflation surged to 4.2% in May, a three-year high, as the Iran war drives energy costs. Core CPI rose 2.9%, raising questions about Fed policy.
Gold prices plunged below $4,300/oz, returning to end-2025 levels, as strong US jobs data and global tightening expectations outweigh geopolitical risks.
Gold prices crashed 3.25% on June 5, falling below $4,400/oz after US jobs data beat expectations, reigniting fears of Fed rate hikes.
The US added 172,000 jobs in May, far exceeding expectations. But strong hiring complicates the Fed's inflation fight as new Chair Kevin Warsh prepares.
The U.S. added 172,000 jobs in May, beating expectations. But with underemployment at 43%, a separate crisis is unfolding for young graduates.
Gold prices swung wildly in May 2026, peaking at $4,774 before plunging below $4,400. Analysts weigh Fed policy, central bank buying and the outlook ahead.
Former Fed Chair Jerome Powell used his JFK Profile in Courage Award speech to warn against political pressure on the Federal Reserve, courts and schools.
US inflation hits 3.8% in April, highest in three years, as consumer sentiment plunges to a record low amid the Iran war-driven energy crisis.
The Fed's preferred PCE inflation gauge rose to 3.8% in April, squeezing households as incomes fall and savings dwindle, complicating rate cut prospects.
The PCE price index rose 3.8% in April, the fastest since May 2023, driven by energy costs from the Iran war and straining household budgets.
Kevin Warsh was sworn in as Fed chair on May 22, inheriting an economy with 3.8% inflation, a divided FOMC, and pressure from Trump to cut rates.