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. By Colby Smith and Ben Casselman Colby Smith ...
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Fed’s Warsh vows to ‘disappoint’ anyone who thinks he will tolerate inflation above 2%
Kevin Warsh reaffirmed the Fed’s independence, saying it will remain unchanged despite Donald Trump’s expectations for lower ...
Fed’s Kevin Warsh rejects calls to ease policy, signaling inflation will stay capped at 2% as rate-cut hopes fade.
NASA’s infrastructure at Kennedy Space Center, the crown jewel of US spaceports, is aging and approaching its limit due to increased demand from private companies, including SpaceX and Blue Origin, a ...
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South Korean chipmakers are being paid such massive bonuses it’s becoming an inflation problem for the central bank
There’s some debate in the economics world about whether a “wage price spiral” exists in reality, and how much of a danger it poses. And yet the Bank of Korea is so alarmed by the massive bonuses ...
JPMorgan's Bruce Kasman is putting a tougher Fed risk back in front of investors. Wall Street has been looking for relief, but Kasman is pointing to renewed pressure. He said the market is "bending" ...
High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
President Donald Trump has announced a tentative peace deal between the U.S. and Iran that would cease military actions and reopen the Strait of Hormuz. The agreement is set to be signed this Friday ...
A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices. By Ben Casselman Ben Casselman is the Times’s chief economics correspondent. The war with ...
Former top Fed staffer Claudia Sahm believes the central bank is trying to be unambiguous about how inflation is a problem. "The problem right now is on the inflation side, so I think they're trying ...
The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
The core personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month. The core annual reading was the highest since October 2023. The Fed's primary ...
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