Economic News

Kreg Weigand has been named general auditor and a senior vice president by the Board of Directors of the Federal Reserve Bank of Minneapolis. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of…

2026 JUN 02– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Research findings on Economics are discussed in a new report. According to news originating from Hangzhou, People’ s Republic of China, by NewsRx correspondents, research stated,“ In China’ s open market operations, the central bank selects a group of commercial banks each year to serve…

In his eight years as chairman of the Federal Reserve, Jerome Powell faced a variety of economic challenges, from double-digit unemployment during the pandemic to the highest inflation in four decades. But Powell's tenure may be best remembered for the way he stood up to political pressure from President Trump. SCOTT DETROW, BYLINE: Jerome Powell was presented…

Editor's note: The following was written by David Oppedahl and Elizabeth Kepner with the Federal Reserve Bank of Chicago for the May AgLetter. Demand to purchase farmland was lower in the three- to six-month period ending with March 2026 than in the same period ending with March 2025. For 2026, average annual cash rents for farmland were up 2% in Indiana, but down…

Mortgage rates have risen since the U.S. war with Iran began, as gas prices jumped. Markets are currently projecting that the Federal Reserve will vote to leave overnight borrowing rates unchanged at its June 16-17 meeting. The Federal Reserve typically releases a summary of economic projections four times a year.

In one of his first major appearances since ending his stint as chairman of the Federal Reserve, Mr. Powell accepted the John F. Kennedy Profile in Courage Award on Sunday night. Kevin Warsh, who was selected by Mr. Trump, replaced Mr. Powell as Fed chairman. Mr. Trump, during his first term as president, appointed Mr. Powell to the chairman post.

The following information was released by the Federal Reserve Board:. President Kennedy was an inspiring public servant who demonstrated compassion, grace, ingenuity, and courage during trying times. I am one of the many whom President Kennedy inspired to serve the public.

Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank's independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities,…

Massachusetts- based Agero, a provider of digital driver assistance services and software for major. Based on the 2,196,934 shares outstanding as of March 12, according to a Securities and Exchange Commission filing, the deal was valued at roughly $12 million. Abigail Spanberger announced $2.48 million in strategic investments through the Commonwealth's…

Preliminary monthly figures from the Washington State Employment Security Department, which is based on data collected by the U.S. Bureau of Labor Statistics, estimated Pacific County's unemployment rate at 6.8% in April— down from 7.3% in March but up considerably from the 5.5% rate in April 2025. It's the highest jobless rate for Pacific County in the month…

—Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank’ s independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities,…

Kevin Warsh was sworn in May 22 for a four-year term as chair of the Federal Reserve, a role that will grant him outsized influence over interest rates and the direction of the U.S. economy. The 56- year-old former finance executive and adviser to President George W. Bush previously served on the Fed's board of governors from 2006 to 2011— when the central bank had to…

But with new Chair Kevin Warsh now installed as the country's central bank chief- completing Trump's influence across the top echelon of U.S. economic policy-making posts- the dynamic shifts. As if to emphasize the stakes, Trump hosted Warsh at a White House swearing-in ceremony on Friday that included cabinet secretaries, Supreme Court justices and top White…

Vice Chair for Supervision Michelle W. Bowman. At the Reykjavk Economic Conference 2026, Central Bank of Iceland, Reykjavk, Iceland. I would like to thank Governor Jnsson for the invitation to take part in the Central Bank of Iceland's Reykjavk Economic Conference.

When Republican members of Congress grouse about the president's excesses, it's usually just talk. Thom Tillis, R- North Carolina, used his power over confirmations to force the Trump Justice Department to drop its frivolous criminal probe into Federal Reserve Chair Jerome H. Powell. The " Anti-Weaponization Fund" announced last week is part of the "settlement" of…

Kevin Warsh was sworn in May 22 for a four-year term as chair of the Federal Reserve, a role that will grant him outsized influence over interest rates and the direction of the U.S. economy. The 56- year-old former finance executive and adviser to President George W. Bush previously served on the Fed's board of governors from 2006 to 2011— when the central bank had to…

Crypto-related innovations could reshape key elements of the U.S. financial system and impact its overall stability. Those questions and others were explored at the Third Conference on Stablecoins and Tokenization, organized by the Federal Reserve Banks of Boston and New York on May 22. Boston Fed Vice President Kenechukwu Anadu organized the conference…

2026 MAY 29– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. The news correspondents obtained a quote from the research from the Queen Mary University of London,“ These shocks represent the additional linguistic information in the Minutes beyond the Statements for the same FOMC…