President Donald Trump stated that he maintains confidence in Federal Reserve Chair Kevin Warsh despite demanding that the central bank slash benchmark interest rates to 1% or less. Trump’s remarks arrived just hours after the 12-member Federal Open Market Committee voted unanimously to raise benchmark interest rates to a target range of 3.75% to 4%, … Read more
Federal Reserve Chairman Kevin Warsh is confronting a high-stakes policy test as the Federal Open Market Committee approaches its scheduled September 15–16 meeting, caught between…
U.S. inflation accelerated to 3.4% annually in August according to the Labor Department, driven by surging gas prices and renewed fighting in the Middle East that threaten consumer affordability just seven weeks before the midterm elections. While the annual rate matched July’s pace, monthly costs jumped 0.4% from July to August, a sharp increase from … Read more
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh christened Monday’s gathering of the Group of 20 finance ministers in Asheville, North Carolina, by emphasizing economic growth as the primary solution to mounting global financial pressures. Bessent told reporters before the two-day event that the world is awash in debt and that growth provides … Read more
President Donald Trump disclosed just over 1,000 financial transitions for the month of June totaling between $78.1 million and $263.1 million, revealing what appears to be broad reshuffling of his portfolio that included heavy buying and selling of stocks, bonds, and exchange-traded funds, according to his latest filing on Aug. 22. June Disclosures Reveal Multi-Million … Read more