• Kevin Warsh appeared before lawmakers on Capitol Hill for the first time as Fed chairman, where he delivered his semiannual testimony to the House Finance Committee. • Warsh reaffirmed the central bank’s commitment to bringing down inflation and said that the Fed will remain free of political influence. • Warsh’s assessment of the US economy came as the latest monthly inflation report showed the pace of price hikes slowed sharply in June as tensions eased in the Middle East and energy prices dropped. • However, with the United States and Iran now back to exchanging military attacks, that price relief could prove short lived for American consumers and businesses. Warsh told lawmakers June’s monthly drop in inflation does not mean “Mission Accomplished.” Our live coverage of Federal Reserve Chairman Kevin Warsh’s first day of testimony to Congress has ended. More analysis is available here. Democratic Sen. Elizabeth Warren of Massachusetts denounced Federal Reserve Chairman Kevin Warsh’s decision to not submit economic forecasts at last month’s policy meeting, according to a letter obtained by CNN. The letter, which the senator plans to submit to Warsh on We
Jul 14, 2026 → Aug 2, 2026
Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till The chancellor, John Healey, has said the government is standing by to prevent the public from “being taken for a ride at the pump or the…
Read original at The Guardian →17 updates from 4 sources over 3 weeks.
Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till The chancellor, John Healey, has said the government is standing by to prevent the public from “being taken for a…
Read original at The Guardian →Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in…
Read original at CNN →Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending…
Read original at The Guardian →The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer. The welcome readings, however, are likely…
Read original at CNN →The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their spending in the quarter, a welcome…
Read original at CNN →Federal Reserve votes to hold its key interest rate steady, sending stocks tumbling. Plus: the origins of Coca-Cola may have been found Good morning. US government borrowing costs have hit their highest level since 2007…
Read original at The Guardian →Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold…
Read original at The Guardian →Federal Reserve Chairman Kevin Warsh repeatedly said Wednesday that the central bank is committed to reining in inflation. “Let me reiterate: There is no soft inflation target,” Warsh said in remarks after the Fed’s…
Read original at CNN →The boss of the Federal Reserve said there is no "magic wand" to ease the cost of living for Americans as it held interest rates steady for the fifth time in a row. Rates were left unchanged, as broadly expected,…
Read original at BBC →• After one of the most unpredictable meetings in years, the Federal Reserve left its key interest rate unchanged Wednesday. • That uncertainty ahead of the outcome was reflected in what Fed Chairman Kevin Warsh called…
Read original at CNN →The public is fed up with the high cost of living, and the Federal Reserve is once again under pressure to act. Kevin Warsh, the new Fed chairman, has vowed to get inflation back to 2%. Some investors suspect the…
Read original at CNN →Markets are navigating a complex web of Big Tech earnings, an upcoming Federal Reserve rate decision, and mounting geopolitical tensions. Lou Basenese, FOX Business Contributor and Executive Vice President for Market…
Read original at Fox News →Federal Reserve officials have sent mixed signals on the path of interest rates as inflation concerns have intensified, fueling uncertainty about the outlook for the US economy. Policymakers will have a chance to…
Read original at CNN →Rising oil prices, persistent inflation fears and shifting expectations for rate hikes are rattling the world’s largest bond market, sending Treasury yields higher and pushing up borrowing costs for consumers. The…
Read original at CNN →Energy Secretary Chris Wright says there shouldn't be a sharp increase in gas prices despite tensions with Iran, crediting the U.S. military with helping keep oil flowing through the Strait of Hormuz. (Credit: Nicholas…
Read original at Fox News →Federal Reserve Chairman Kevin Warsh faced intense grilling Wednesday from Democratic Sen. Elizabeth Warren, who demanded to know whether he had questioned a colleague about reports that she attended a meeting with…
Read original at CNN →• Kevin Warsh appeared before lawmakers on Capitol Hill for the first time as Fed chairman, where he delivered his semiannual testimony to the House Finance Committee. • Warsh reaffirmed the central bank’s commitment to…
Read original at CNN →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till The chancellor, John Healey, has said the government is standing by to prevent the public from “being taken for a ride at the pump or the…
View source →Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in Iran has…
View source →Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal…
View source →The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer. The welcome readings, however, are likely temporary. Overall inflation…
View source →The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their spending in the quarter, a welcome sign for an economy…
View source →Federal Reserve votes to hold its key interest rate steady, sending stocks tumbling. Plus: the origins of Coca-Cola may have been found Good morning. US government borrowing costs have hit their highest level since 2007 after the Federal…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
American AI companies’ performance lead over China narrowed sharply in past months to a record low after labs such as DeepSeek gained ground, threatening US tech supremacy,…
Amazon is reportedly paying up to $25 million a year for exclusive global rights to the ceremony.
Israel has threatened to close the consulate, which handles UK relations with Palestinians in the city, over British sanctions on Israeli settlements.
Paramount has officially completed its $111 billion acquisition of Warner Bros. Discovery, but the company's announcement of the deal closing did not contain a single mention of…
President Donald Trump is set to unveil South Korea’s plan to invest some $200 billion in the US, including $54 billion for a long-stalled venture to export natural gas from…
China is reportedly mulling letting ByteDance, Alibaba buy banned Nvidia chips.
