Minutes from Kevin M. Warsh’s first meeting as chairman revealed the extent of divisions at the central bank about the path for interest rates.
Category: Federal Reserve System
-
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
-
Why the Jobs Market Has Wall Street and Washington on Edge
A rebound in hiring has put more pressure on the Federal Reserve to raise interest rates. New jobs numbers are scheduled for release on Thursday.
-
A.I. Is Reshaping the Economy. Good Luck Measuring How.
Some data suggest artificial intelligence is already causing job losses. Other sources show the opposite. Why is it so hard to figure out what’s going on?
-
Fed’s Warsh Says Inflation Poses Less Risk Than a Few Weeks Ago
The Federal Reserve chairman, Kevin Warsh, stressed that the central bank would “deliver price stability,” a point he has emphasized repeatedly since taking over in May.
-
How the Supreme Court Ushered in Corporate Chaos in D.C.
Though the high court affirmed the political independence of the Federal Reserve, it gave the presidency huge control over dozens of federal regulators.
-
Trump Renews Threat to Fire Fed Governor in Wake of Court Loss
The president promised to “take appropriate action immediately” against Lisa D. Cook, a Fed governor.
-
How Warsh Has Begun to Change the Fed
Just weeks into his job as chairman of the Federal Reserve, Kevin M. Warsh has embraced some of the central bank’s conventions while signaling seismic shifts ahead.
-
U.S. Inflation Problems Are Far From Over
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
-
Why the Fed Could Loom Large Over the Midterms
Wall Street increasingly predicts the central bank will raise interest rates, possibly ahead of Election Day in November. That could anger President Trump.
-
In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model
Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
-
Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.