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: Interest Rates
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A Few Officials Signaled Support for Higher Rates at Warsh’s First Meeting
The New York Times – Business: -
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
The New York Times – Business: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
The New York Times – Business: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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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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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.
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Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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Stock Market Rally Confronts Inflation and Higher Interest Rates
The New York Times – Business:Despite accelerating inflation and possible interest rate increases, the S&P 500 has posted a long weekly winning streak, driven by strong corporate earnings. Can it last?
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Senate Confirms Kevin Warsh as Fed Chair
The New York Times – Business:President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
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Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
The New York Times – Business:Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
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What the Bond Markets Are Saying About Britain’s Politics and Economy
The New York Times – Business:The yields on British debt pushed higher as the country’s prime minister, Keir Starmer, confronted a rebellion from members of his party.
