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Today: July 15, 2026
Today: July 15, 2026

Federal Reserve

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Fed Chairman Warsh questioned about independence from Trump

Federal Reserve Chairman Kevin Warsh said the Fed will continue to set interest rates without considering politics during his first congressional testimony on Tuesday. Democratic Rep. Nydia Velázquez of New York asked the new Fed leader if he works for Trump, to which he responded: “We’re an independent central bank.” He reiterated that view in an exchange with Democratic Rep. Gregory Meeks of New York, who pressed Warsh on how he would respond if Trump “publicly pressures you to pursue a different course” than that warranted by economic data.

Fed Chairman Warsh questioned about independence from Trump
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Top Fed officials embrace cooler inflation reading, clamor for more

Top Federal Reserve officials on Tuesday welcomed fresh data showing consumer price inflation cooled last month, but said they would need more such readings to feel

Top Fed officials embrace cooler inflation reading, clamor for more
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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities

MSCI's global equities index rose on Tuesday after softer-than-expected U.S. inflation data and strong bank earnings, while oil

Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
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S&P 500 and Nasdaq open higher as CPI, bank earnings take focus

The S&P 500 and the Nasdaq opened higher on Tuesday after softer-than-expected inflation data fueled bets that the Federal Reserve could take a less hawkish stance on interest

S&P 500 and Nasdaq open higher as CPI, bank earnings take focus
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Fed's 'ample reserves' approach is a focus of Warsh's balance sheet review

The way the Federal Reserve has conducted U.S. interest rate policy for almost two decades is up for review by one of the task forces

Fed's 'ample reserves' approach is a focus of Warsh's balance sheet review
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Fed's Warsh: Committed to both inflation and employment mandates

Federal Reserve Chairman Kevin Warsh on Tuesday said he is just as committed to the Fed's employment mandate as he is to the inflation mandate that he has repeatedly emphasized

Fed's Warsh: Committed to both inflation and employment mandates
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Inflation cools more than expected in June as gas costs fall, underlying prices ease

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected

Inflation cools more than expected in June as gas costs fall, underlying prices ease
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US consumer inflation moderates; upside risks remain amid renewed Middle East conflict

U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial

US consumer inflation moderates; upside risks remain amid renewed Middle East conflict
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JPMorgan's Dimon says regulators should not set 'false' capital requirements

U.S. bank regulators should not set capital requirements in an artificially high way, JPMorgan Chase CEO Jamie Dimon said Tuesday, intensifying his

JPMorgan's Dimon says regulators should not set 'false' capital requirements
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Fed chief Warsh vows to 'do my job' if challenged by Trump

U.S.

Fed chief Warsh vows to 'do my job' if challenged by Trump
Business|Economy|Finance|Political|Stock Markets|World

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
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Global investors turn most bullish since February, BofA survey shows

Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-

Global investors turn most bullish since February, BofA survey shows
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Fed's Waller says rate hike may be needed if core inflation stays hot

The U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target, Federal Reserve

Fed's Waller says rate hike may be needed if core inflation stays hot
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Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risks

Hundreds of economists urge immediate action to address AI's potential impact on the economy

Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risks
Business|Economy|Technology

Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity

American consumers — and the Federal Reserve — are being hit with another high-cost headache

Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
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Oil swept along on troubled waters

A look at the day ahead in European and global markets from Wayne Cole.

Oil swept along on troubled waters
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America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high

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

America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
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Warsh task force members get an A at the outset, but results will need broad buy-in

At a moment of political polarization and a White House distancing itself from "globalization," Federal Reserve Chairman Kevin Warsh's choice of

Warsh task force members get an A at the outset, but results will need broad buy-in
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Yen climbs as Japan considers nudging pension funds into domestic assets

The yen strengthened on Friday and was poised for its biggest daily percentage gain in more than a week after Japan said it plans to encourage

Yen climbs as Japan considers nudging pension funds into domestic assets
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Fed report cites 'stepped-up' inflation due to tariffs, Iran war, AI buildout

U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, a war-related rise in energy costs, and the

Fed report cites 'stepped-up' inflation due to tariffs, Iran war, AI buildout
Business|Economy|Finance

Who is on Fed chief Warsh's review taskforces?

Federal Reserve Chairman Kevin Warsh on Thursday announced those he has tapped to lead a sweeping review of how the U.S. central bank conducts its policy operations.

Who is on Fed chief Warsh's review taskforces?
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Fed officials fret over inflation risk, weigh rate hikes

The leanest readout of a Federal Reserve policy meeting in years still made clear how concerned U.S. central bank

Fed officials fret over inflation risk, weigh rate hikes
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Andreessen, Chetty among leaders of Fed's new task forces evaluating operations

Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations

Andreessen, Chetty among leaders of Fed's new task forces evaluating operations
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Fed Chairman Warsh names members of monetary policy task forces

Fed Chairman Warsh names members of monetary policy task forces

Fed Chairman Warsh names members of monetary policy task forces