The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now. The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed. Instead, the 5-4 ruling rejected Trump’s…
Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis, during the Bloomberg Invest event in New York, US, on Tuesday, March 3, 2026. Michael Nagle | Bloomberg | Getty Images Minneapolis Federal Reserve President Neel Kashkari said Friday he has changed his outlook and now expects that one interest rate…
The best government bond market may be outside the United States. Allspring Global Investments’ George Bory is pushing clients toward countries whose central banks are raising interest rates or have different inflation dynamics. “Bond markets everywhere have rushed to price inflation. Places like the UK, certainly across Europe, even places like Australia — we’ve seen…
U.S. President Donald Trump arrives with incoming Federal Reserve Chair Kevin Warsh for Warsh’s swearing-in ceremony at the White House in Washington, D.C., U.S., May 22, 2026. Jonathan Ernst | Reuters With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is…
Alan Greenspan, the longtime Federal Reserve chairman known as “the Maestro” who became one of the most influential economic policymakers of his era and famously warned of “irrational exuberance,” has died. He was 100. The influential economist died Monday from complications of Parkinson’s Disease, said his wife of 29 years, Andrea Mitchell, the chief Washington…
Federal Reserve Chairman Kevin Warsh’s tough talk on inflation Wednesday reverberated through financial markets, with traders expecting that the central bank could start jacking up interest rates in just a few months. Tapped to serve by President Donald Trump, who has repeatedly demanded lower rates, Warsh during a news conference instead focused on the battle…
WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026. Al Drago | Bloomberg | Getty Images Chairman Kevin Warsh’s 43-odd minutes at the Federal Reserve‘s podium Wednesday were intended to deliver the message that, slowly…
Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates. And that may be by design. Warsh has strongly criticized Fed communications, saying they have led to policy…
Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices. With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance…
