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22 stories from Planck Standard. Latest: September 16, 2026.
WatchThe chairman Trump picked to cut rates instead delivered the hike the president spent two weeks lobbying against. The Fed now sees inflation at 3.7% this year and does not expect to hit 2% until 2029.
Gasoline jumped 3.9% in August and is up 27.4% from a year ago as the Iran war keeps oil above $100. Core prices rose 0.3%, and Fed Governor Christopher Waller has already said it 'may not take much' to push him toward tightening.
Kevin Warsh never used the word 'hike.' Economists heard one anyway, with unemployment at 4.1% and underlying inflation refusing to improve.
The International Monetary Fund said the American economy retains 'solid momentum' and praised new Federal Reserve Chair Kevin Warsh's commitment to price stability, even as looming tariffs cloud the second-half outlook.
In Kevin Warsh's first meeting as chair, the Federal Reserve left its benchmark rate unchanged and erased its projected 2026 cut, with some officials now signaling a hike could come as soon as October.
In Kevin Warsh's first meeting as Federal Reserve chair, policymakers kept the benchmark rate at 3.5% to 3.75% but dropped their bias toward cuts, with nine of 18 officials now projecting a rate increase before year's end.
Hand-picked by Trump to slash borrowing costs, Warsh chairs his debut FOMC meeting next week as markets bet on no cut and consumer prices climb to 3.8%.
Consumer Price Index data shows airline tickets up 27% as workers struggle with wages that lag behind rising costs ahead of Fed Chair Kevin Warsh's first meeting.
New Federal Reserve chair takes control of world's most influential central bank amid mounting economic pressures and political expectations.
New Fed chairman takes control of world's most influential central bank, but prospects for interest rate reductions appear increasingly unlikely.
The economic backdrop that the new Fed chair inherits does not call for the interest rate cuts that President Trump wants.
The Philadelphia Fed's Survey of Professional Forecasters nearly doubled its second-quarter CPI estimate as the Strait of Hormuz crisis sends gasoline above .50 a gallon and one-year consumer inflation expectations hit a 40-year high.
WatchOnly Sen. John Fetterman crossed the aisle as the Senate installed Trump's pick in the closest Fed chair vote in modern history. Warsh chairs his first FOMC meeting June 16-17.
Kevin Warsh takes over as Federal Reserve chairman as Trump administration pushes for institutional overhaul of the central bank.
President Trump's nominee takes control of monetary policy as Iran war complications raise inflation concerns.
Key committee vote on Kevin Warsh's Federal Reserve nomination expected to proceed after prosecutors provide assurances to concerned senator.
Senator Thom Tillis signals support for confirmation vote after receiving assurances from federal prosecutors about concluded inquiry.
The stunning reversal clears the path for Kevin Warsh, Trump's Fed chair nominee, to win confirmation after months of political pressure.
President Trump's nominee to lead the Federal Reserve wants to overhaul the central bank and reduce its massive market footprint.
WatchWarsh pledged Fed independence and a 'regime change' in monetary policy at his Senate Banking Committee confirmation hearing, but a key Republican vowed to block the vote until Trump drops a probe into outgoing Chair Jerome Powell.
WatchWarsh promised not to be Trump's "sock puppet" but faces a crucial Republican obstacle — Senator Thom Tillis, who is blocking the nomination over a DOJ probe.
WatchIn a Fox Business interview, President Trump declared he will fire Jerome Powell if the Fed chair does not step down when his term expires next month — setting up a constitutional showdown over the independence of the Federal Reserve.