Traders work on the floor at the New York Stock Exchange, April 23, 2026. Jeenah Moon | Reuters U.S. Treasury yields spiked on Friday following a week of messy inflation data and as traders looked to price interest rate policy under new Federal Reserve Chair Kevin Warsh. The yield on the 30-year bond jumped more…
Stephen Miran, Federal Reserve Board of Governors member, during a television interview on the floor of the New York Stock Exchange, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when…
American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially better off. The University of Michigan Surveys of Consumers, a closely watched bellwether, hit all-time lows in May, according to a preliminary reading released last week. That is just one of…
U.S. President Donald Trump (R) is greeted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. The trip by Trump is focused on trade, regional security, and strengthening bilateral ties between the world’s two largest economies. China Pool | Getty Images News | Getty Images…
President Donald Trump landed in Beijing on Wednesday evening local time, kicking off a two-day summit with Chinese leader Xi Jinping, the first such meeting in nearly nine years. The president was greeted at the airport by China’s Vice President Han Zheng, a military band, and hundreds of young people waving flags. Trump is scheduled…
It has taken 8½ years, but on Wednesday President Donald Trump finally succeeded in reversing one of the few mistakes he has admitted to making as president. In November 2017, Trump chose Jerome Powell to chair the Federal Reserve, opting for someone he saw as malleable over a charismatic but youthful former Fed governor, Kevin…
Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when…
Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors. The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President…
A customer shops for beef at a grocery store in Los Angeles, April 6, 2026. Justin Sullivan | Getty Images U.S. consumers are blaming the Iran War for the recent inflation surge. But data shows prices are rising in more areas than just energy. The consumer price index climbed 0.6% in April on a seasonally…
Fuel prices are displayed on a sign as customers fill their vehicles at a gas station on April 13, 2026 in Miami, Florida. Joe Raedle | Getty Images Inflation jumped in April to the highest level in nearly three years as surging gas prices due to the Iran war pushed up the cost of many…
