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.
Category: Inflation (Economics)
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How Warsh Has Begun to Change the Fed
The New York Times – Business: -
How Much Have Airfares Risen With High Jet Fuel Costs?
The New York Times – Business: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
The New York Times – Business:Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.
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Oil Prices Return to Prewar Levels After Four Months
The New York Times – Business:The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
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Apple, Micron, OpenAI and A.I.’s Rough Summer
The New York Times – Business:Rising memory prices, more expensive iPads and a longer wait for OpenAI to go public: The sector that has driven markets skyward is hitting turbulence.
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Inflation Accelerated in May as Iran War Pushed Up Prices
The New York Times – Business:A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
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U.S. Inflation Problems Are Far From Over
The New York Times – Business: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.
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Why the Fed Could Loom Large Over the Midterms
The New York Times – Business:Wall Street increasingly predicts the central bank will raise interest rates, possibly ahead of Election Day in November. That could anger President Trump.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model
The New York Times – Business:Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
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Egg Prices Are Way Down, but That’s Hurting Farmers
The New York Times – Business:An oversupply of hens has lowered wholesale egg prices. But consumers may not reap the full benefits because of producer contracts and higher costs.
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Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began
The New York Times – Business:The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.