Economy
How the Fed's Interest Rate Actually Works
The Fed just raised rates for the first time since 2023. Here's how its key tool shapes inflation, borrowing costs, and your pocketbook.
—5 min read
Tag
#Kevin Warsh
15 articles
EconomyInternational
Fed Hikes Rates for First Time in Three Years
The Federal Reserve raised interest rates 25 basis points to 3.75%-4%, its first hike since 2023, as inflation and oil prices stay elevated.
—7 min read
EconomyPolitics
Fed Weighs First Rate Hike Since 2023
The Federal Reserve is expected to raise interest rates Wednesday for the first time since 2023, defying President Trump's demands for cuts.
—5 min read
EconomyPolitics
Fed Rate Hike Odds Near 90% After Hot CPI Report
Rate hike odds climbed to nearly 90% after a hotter-than-expected August CPI report, setting up a politically fraught Fed decision before the midterms.
—7 min read
BusinessEconomy
Fed Holds Rates Steady as Warsh Signals Caution on Hikes
The Federal Reserve held rates at 3.50%-3.75% as Chair Kevin Warsh balanced cooling inflation against risks from the Iran conflict and rising oil prices.
—6 min read
EconomyUS Politics
Fed Chair Warsh Under Pressure as Inflation Test Looms
Fed Chair Warsh faces a critical test at the July FOMC meeting as persistent inflation and Iran-driven gas prices test his anti-inflation rhetoric.
—6 min read
EconomyPolitics
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.
—5 min read
EconomyPolitics
Inflation Cools to 3.5% as Warsh Vows to Defeat Price Surge
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.
—5 min read
EconomyFinance
Warsh: Inflation Risks Have Declined in Recent Weeks
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.
—5 min read
EconomyPolitics
Inflation Hits 3-Year High as Iran War Lifts Energy Prices
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%.
—5 min read
Economy & Finance
Housing Crisis, New Fed Chair, North Dakota Tax Revolution
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.
—6 min read
EconomyFinance
Kevin Warsh Takes Over as Fed Chair: What Changes to Expect
Kevin Warsh takes over as Federal Reserve Chair, bringing shorter statements, hawkish signals, and task forces. Here's what his leadership means.
—5 min read
Business & Economy
Fed Holds Rates Steady in Warsh's First Meeting as Chair
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.
—6 min read
EconomyPolitics
US Adds 172,000 Jobs in May as Labor Market Rebounds
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.
—4 min read
EconomyPolitics
Kevin Warsh Takes Charge of Fed Amid Rising Inflation Threat
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.
—5 min read