People constantly ask who has more power over interest rates, Treasury Secretary Scott Bessent or Federal Reserve Chairman Kevin Warsh. Warsh certainly has the more...
The Federal Reserve has raised interest rates for the first time in three years, increasing the federal funds target by 25 basis points to 3.75%–4.00%. The...
The Consumer Price Index rose just 0.1% for the month after declining 0.4% in June, bringing the annual rate down slightly from 3.5% to 3.4%. Core CPI rose 0.2% and...
The Federal Reserve voted to leave its benchmark interest rate unchanged at 3.50% to 3.75%, marking the fifth consecutive meeting without a change. Yet the 9–3...
New York Federal Reserve President John Williams now says inflation has likely peaked and that monetary policy is “well positioned” to bring inflation...
The Federal Reserve minutes from the June 16–17 meeting showed policymakers divided over where interest rates should go next. The official minutes admit the...
Everyone expected Kevin Warsh to come into his first Federal Reserve meeting and immediately begin cutting rates because Trump put him in the chair. That was...
The latest data confirms what we have been building toward for months, as mortgage demand has now dropped sharply with interest rates rising to their highest levels...
The Federal Reserve was divided this December; hawkish members of the FOMC were outnumbered, and the central bank approved its third consecutive cut of 2025....
Donald Trump sees the economy through the lens of a borrower. He does not understand the perspective of lenders, no less the central bank. Trump recently mocked...
