Powell sees inflation outlook in check, no need to hike rates because of oil shock
[ad_1] Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction […]
Fed Governor Miran still backs cuts, says interest rates could be ‘about a point’ lower this year
[ad_1] Federal Reserve Governor Stephen Miran speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2025. Brendan McDermid | Reuters Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the […]
The S&P 500 could join other U.S. benchmarks in a correction next week. Here’s what’s ahead
[ad_1] The S & P 500 could soon join the other U.S. benchmarks in a correction as the Iran war stretches into a fifth week. Stocks are quickly deteriorating, with each of the major averages on pace to post an ugly month of losses as hopes for a quick resolution to the Middle East conflict […]
Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
[ad_1] Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy costs. The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and […]
Tim Scott hopes Fed Chair Powell investigation ‘going away’ to clear Kevin Warsh confirmation
[ad_1] Sen. Tim Scott on Wednesday said he hopes the federal investigation into Federal Reserve Chair Jerome Powell “goes away” so the Senate can take up the nomination of Kevin Warsh, President Donald Trump’s pick to replace the head of the U.S. central bank. “That proceeding going away allows for us to get the Fed […]
Trump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell
[ad_1] Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next […]
Fed’s Goolsbee calls for a hold on cuts as current rate of inflation is ‘not good enough’
[ad_1] Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. Brendan McDermid | Reuters Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t appropriate until there’s more evidence that inflation is on […]