Kevin M. Warsh, the chairman of the Federal Reserve, must soon decide whether to raise interest rates if inflation does not ease, even if it draws President Trump’s ire.
Category: Inflation (Economics)
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Warsh, After Talking Tough on Inflation, Faces a ‘No-Win Situation’ on Rates
The New York Times – Business: -
High Debt and Rising Prices Catch Up to Trump, as Midterms Near
The New York Times – Business:To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
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Investors Expect Higher Rates After Fed Chairman’s Inflation Pledge
The New York Times – Business:Kevin Warsh reiterated the Federal Reserve’s commitment to tackle rising prices, nudging up investor expectations of a rate increase.
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Fed Chairman Seeks to Calm Concerns About Elevated Inflation
The New York Times – Business:In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the central bank’s target quickly, “we have work to do,” he said.
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How 6 Months of War in Iran Jolted Oil, Gas, Stocks and More
The New York Times – Business:How markets have moved six months into the war, and where they might be headed in the future.
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Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.
The New York Times – On the Runway:We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
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California Lawmakers Pass Plug-In Solar Bill
The New York Times – Business:Legislatures in nearly a dozen states have voted to legalize use of the technology, which can help homeowners reduce their rising electricity costs.
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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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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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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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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates
The New York Times – Business:The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
