The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
The Wall Street Journal calls the situation — replete with an ongoing war, tariffs and other inflationary pressures — “a dangerous brew (1).” Like Trump, Warsh wants to lower interest rates. Like ...
Fed officials are expected to keep the central bank's key interest rate steady as they wait and see how the Iran war affects inflation and the job market.
Ty Roush is a breaking news reporter based in New York City. A majority of Federal Reserve officials warned that interest ...
The Federal Reserve is expected to hold interest rates steady Wednesday. It's likely to be Jerome Powell's last rate-setting meeting as chairman of the central bank.
Rate hikes are now more likely as the Federal Reserve weighs rising inflation fueled by higher oil prices and ongoing ...