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: Inflation (Economics)
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Gas Stations Gain When Oil Prices Start to Drop
President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.
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Egg Producers to Pay $3.3 Million to Settle Federal Price-Fixing Lawsuit
The companies also agreed to donate more than 53 million eggs to food banks and nonprofits in 17 states that joined the federal government in the antitrust action.
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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.
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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.
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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.
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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.
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How Much Have Airfares Risen With High Jet Fuel Costs?
While prices are up overall, there’s a surprising pattern depending on your destination.
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Americans Are Feeling Better About the Economy, Consumer Survey Shows
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.