We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
Category: Federal Reserve System
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Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.
The New York Times – On the Runway: -
Lisa Cook Hits Back at Trump’s Latest Attempt to Oust Her as Fed Governor
The New York Times – Business:Lisa D. Cook hit back at President Trump’s allegations that she had committed mortgage fraud.
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PCE Index Shows Inflation Remained Elevated in July Amid High Energy Costs
The New York Times – Business:The Personal Consumption Expenditure index, the Federal Reserve’s preferred inflation tracker, held steady in July.
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‘Honeymoon’s Over’: Warsh Under Pressure as Fed Weighs Raising Rates
The New York Times – Business:Kevin M. Warsh is scheduled to deliver his first address at the Federal Reserve’s annual conference in Jackson, Wyo., with U.S. government bond markets on edge and inflation risks resurfacing.
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Treasury Turns to Interventionist Tactics to Lower Interest Rates
The New York Times – Business:Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.
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Did Bessent Put the Fed in a Bind?
The New York Times – Business:The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more.
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Why Treasury Yields Are Rising, and What That Means for the Economy
The New York Times – Business:Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
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The Rising Stakes of the Global Bond Rout
The New York Times – Business:There were already several factors rattling investors. A further rise in bond yields is making things more expensive for everyone.
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Inflation Eased Slightly in July, but Prices Remain Elevated as War Drags On
The New York Times – Business:Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
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Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
The New York Times – Business:Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
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Benign Inflation Data Would Reduce Urgency Around September Rate Rise
The New York Times – Business:The latest Consumer Price Index report will either help to reinforce patience or compel officials to more readily consider lifting borrowing costs.