What higher interest rates mean for your money

Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps with inflation remaining well…

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Alan Greenspan, former chairman of the Fed, dies at age 100

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…

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Here’s what changed in the new statement

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…

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