Tag: Kevin Warsh
The Fed leaves interest rate unchanged; hike expected in September
WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...
U.S. producer prices drop 0.3% from May to June on lower...
WASHINGTON (AP) – U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.
The...
Inflation cools more than expected in June
WASHINGTON (AP) – U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while...
U.S. hiring falls to just 57K in June amid elevated inflation,...
WASHINGTON (AP) – U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and...
Key inflation gauge jumps to 3-year high in latest sign of...
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising...
The Fed can do very little about high mortgage rates
The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...
Federal Reserve keeps rates steady, officials divided on hikes this year
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a...
All eyes turn to Fed chair Kevin Warsh and his first...
WASHINGTON (AP) – Ever since Kevin Warsh was nominated by President Donald Trump in late January to lead the Federal Reserve, a question has lingered: Will he...
Warsh is sworn in as the Fed chair after Trump’s bid...
WASHINGTON (AP) – President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh's help in stimulating...
U.S. consumer prices jump as Iran war sends energy prices rapidly...
WASHINGTON (AP) – U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.
The Labor Department's consumer price...
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