News

Fed’s Waller says interest rates may need to be cut soon if largest Trump tariffs stay in place
If President Donald Trump’s large tariffs remain in place for some time, the economy is likely to slow to a crawl, Federal ...
Tariff-Induced Inflation Surge May Be Temporary, Fed Official Says
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to ...
Bessent Says White House Will Start Interviewing Candidates for Next Fed Chair This Fall
WASHINGTON (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said the White House expects to start interviewing ...
NY Fed: March near term inflation expects jump amid souring sentiment levels
Americans’ expectations for near-term inflation hit the highest level since the fall of 2023 in March, amid a souring in the ...
Stock market cuts gains. Consumers are gloomy, NY Fed says. Tariff uncertainty also weighs
US stocks hold slimmer gains around midday as an early rally on an exemption from the extra 125% tariffs on Chinese goods ...
Fed's Waller warns high tariffs could push inflation near 5% while economy slows 'to a crawl'
Fed governor Chris Waller warned that inflation could surge this year near 5% and economic growth could 'slow to a crawl' if the effective tariff rate remains at 25%. He believes the central bank may ...
Top Fed Official Confirms The Bank Is Ready To Bail Out Trump
A top Federal Reserve official has said it “would absolutely be prepared" to step in to rescue markets if Trump’s trade war ...
Americans are expecting a tariff-fueled price surge. A new Fed survey says they're right.
A new analysis by the Federal Reserve Bank of Boston found that Americans are right to expect the costs of tariffs to be ...
Drop in job-finding rate, rise in time out of work could signal recession ahead, SF Fed paper says
Behind the gradual and relatively small rise in the U.S. unemployment rate in recent years are a couple of less-closely ...
Kashkari Says All the Fed Can Do Is Keep Inflation Anchored
Federal Reserve Bank of Minneapolis President Neel Kashkari signaled confidence that markets will remain orderly as investors ...
Fed Officials Are Bracing For Higher Inflation, Slower Growth From Tariffs
Officials at the Federal Reserve said this week that the U.S. economy is in for higher inflation and slower growth as ...
Fed Official: Trump’s 10% Universal Tariffs Would ‘Materially Increase Inflation’
Chicago Federal Reserve President Austan Goolsbee said Thursday it's "not a pause of anything" about Trump’s announcement ...