The pandemic, inflation and White House pressure tested the central bank’s leader as never before. Source link
Category: Economy
Inflation is overtaking Americans’ pay gains, largely because of the cost of filling up at the gas station
Americans’ hourly wages are up. The problem? Inflation is up even more. Source link
Bank of Canada on Alert for Quick Change in Inflation Dynamics, Minutes Say
Bank of Canada officials agreed on the need to change course quickly on rate policy depending on developments in the Middle East and trade tensions […]
Boston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months
In an interview, the Fed official said she is watching how households’ inflation expectations have drifted higher. Source link
The Senate confirmed Kevin Warsh as the Fed’s new chair on Wednesday in a party-line vote that reflected how tensions with the White House have dragged the Fed deeper into the political fray
The divided vote signals the challenge ahead for Warsh, who faces a Fed committee skeptical of the rate cuts President Trump has demanded. Source link
Fed’s Collins Says She Could Envision the Need for Rate Hikes
Boston Federal Reserve President Susan Collins said she envisions a prolonged stretch of steady interest rates, and could envision a scenario that requires some policy […]
Wholesale Inflation Shot Higher in April
Prices charged by producers rose by 1.4% in April from the month before, blowing past March’s 0.7% increase, according to the Labor Department’s producer-price index. […]
Longer Working Lives and Immigration Keep Eurozone Economy Growing, ECB Says
In workforce report, the ECB calculated that rising employment has accounted for about half of the growth recorded in the eurozone since the third quarter […]
Eurozone Industrial Production Inched Higher in March
Output rose 0.2% on month, though the war in the Middle East is expected to increasingly weigh on manufacturers as energy costs and supply disruptions […]
Eurozone Governments’ Budget Deficit Fell in 2025, but Middle East Conflict to Drive Rebound
Borrowing is set to pick up again this year as governments build up their militaries and support households hit by the jump in energy prices. […]