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.
Category: United States Economy
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Fed Chairman Seeks to Calm Concerns About Elevated Inflation
The New York Times – Business: -
What if the A.I. Stock Market Rally Is Just Getting Started?
The New York Times – Business:Edward Yardeni, an upbeat strategist with an excellent track record in assessing the stock market, explains why he thinks the good times will continue for years.
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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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In Trump’s Washington, Ballooning National Debt Stirs Little Action
The New York Times – On the Runway:The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.
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Dollar Tree and Dollar General Report Sales Gains as Shoppers Cut Costs
The New York Times – Business:Dollar General and Dollar Tree each reported gains in sales and store traffic on Thursday as higher gas prices forced shoppers to pare back.
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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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Bessent Faces Credibility Test in Quest to Tame Markets
The New York Times – Business:The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
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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.
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U.S. Economy Could Feel the Sting From Trade War With Canada
The New York Times – Business:A tit-for-tat trade fight between the two allies could create new headaches for consumers and businesses already stung by high prices.
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An Ancient Sumerian Solution to Our $40 Trillion Deficit
The New York Times – On the Runway:In the ancient world, debt forgiveness was a regular tool to control the economy. Why have we forgotten it?
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The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
The New York Times – Business:After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States, the world’s largest economy and most important financial system.