The court also denied the administration's application to stay the lower court's decision to keep Federal Reserve Governor Lisa Cook on the board while the lower court hears the merits of the case, affirming a unique constitutional role of the Federal Reserve Board of Governors. The Slaughter decision has implications beyond the Federal Trade Commission,…
Economic News
John Harold Rogers, 64, a former senior adviser for the Federal Reserve Board of Governors, was sentenced today in U.S. District Court to 38 months in federal prison in connection with making false statements to federal investigators about sharing restricted Federal Reserve information with Chinese intelligence operatives, announced U.S.
John Harold Rogers, 64, a former senior adviser for the Federal Reserve Board of Governors, was sentenced today in U.S. District Court to 38 months in federal prison in connection with making false statements to federal investigators about sharing restricted Federal Reserve information with Chinese intelligence operatives, announced U.S.
Following a monetary policy meeting, the Bank of Korea raised its benchmark policy rate by a quarter percentage point from 2.5% to 2.75% in the first hike since January 2023. The bank had kept rates steady or lowered them in recent years despite concerns about soaring household debt and real estate prices, prioritizing support for the country’ s…
The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Today, Senate Banking Committee Chairman Tim Scott held Federal Reserve Chairman Kevin Warsh's first semiannual monetary policy Senate hearing since taking office, emphasizing that the Fed's decisions affect everyday life for families in South…
Washington, D.C. In advance of this morning's hearing on "The Semiannual Monetary Policy Report to the Congress", U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to the Federal Reserve Chairman Kevin Warsh questioning his unwillingness to provide the public with insight into his…
The Federal Reserve Open Committee's decision to maintain current interest rates may be a temporary respite for farmers with loans before an anticipated rise later this year, said Ryan Loy, extension economist for the University of Arkansas Division of Agriculture. The committee has four more meetings this year: July 28-29, Sept. 15-16, Oct. 27-28, and Dec. 8-9.
—Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation. Whether that’ s inflationary or not, that’ s up to the Federal Reserve, and we’ re going to have…
The following information was released by the Federal Reserve Bank of New York:. Remarks at the Partnership for New York City, New York, New York As prepared for delivery. The New York Fed and the Partnership for New York City both have missions that are focused on promoting economic prosperity and stability.
Federal Reserve Chairman Kevin Warsh on Tuesday vowed to "do my job" if challenged by President Donald Trump, his most direct comment so far about how he would handle the sort of pressure his predecessor felt through much of his tenure. Asked about how he will react if Trump continues targeting the U.S. central bank through efforts that included the attempted…
The following information was released by the Federal Reserve Board:. At "Next-Gen Financial Inclusion," the third annual Financial Inclusion Conference hosted by the Federal Reserve Board, Washington, D.C.. Good afternoon, and thank you for joining us today at the Board's third annual Financial Inclusion Conference. 1 While I am unable to join you in person, I…
"Now, the Federal Reserve semiannual report highlights that Black people have continued to have higher unemployment rates and lower wages than white workers." Pressley Has Repeatedly Sounded the Alarm on Trump's Unemployment Crisis, Pushout of Black Workers, Demanded Action from Federal Reserve. In her question line, Rep. Pressley reiterated her demands that…
Our news journalists obtained a quote from the research from the University of Colorado Denver,“ The index shows that presidential pressure increases consensus in FOMC voting, raises uncertainty and expected inflation, and is stronger under Republican administrations. For more information on this research see: Independence Under Pressure: Quantifying…
According to news reporting out of Chicago, Illinois, by NewsRx editors, research stated,“ We develop a structural framework to identify the sources of cross-state heterogeneity in response to U.S. tariff changes. A unilateral 25- percentage-point U.S. tariff increase across sectors induces consumption changes ranging from -0.8% in Oregon to 2.3% in Montana.”.
The news correspondents obtained a quote from the research from Federal Reserve Bank,“ When macroprudential policy is available, monetary policy stabilizes the output gap. For more information on this research see: Liquidity Traps, Prudential Policies, and International Spillovers. Review of Economic Studies, 2026. Review of Economic Studies can be…
Our news journalists obtained a quote from the research from Federal Reserve Board,“ The optimal monetary policy exacerbates shortfalls, owing to the adjustment of expectations implied by the natural rate hypothesis, and leads to an inflationary bias. For more information on this research see: Monetary Policy, Employment Shortfalls, and the Natural Rate…
DETROIT, MICHIGAN- July 14, 2026- Will it or won't it? Wall Street is split on whether the Federal Reserve will cut, raise or leave interest rates alone at its next meeting in September. While the Fed plans to hold the federal funds rate steady at 3.5% to 3.75%, Warsh intends to be tough on inflation in the coming months, which some on Wall Street took to mean a…
2026 JUL 14– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Investigators publish new report on Coronavirus- COVID-19. For more information on this research see: Risk Preferences At the Time of Covid-19: an Experiment With Professional Traders and Students. Journal of Behavioral and Experimental Finance, 2026; 50. Journal of Behavioral and…
Consumer prices dropped 0.4% from May to June, the largest monthly drop in four years, the Labor Department said Tuesday, after rising 0.5% in the previous month. The core figures suggest that the gas price spike from the Iran war, while it pushed up airfares and some other costs, hasn't so far led to broad-based, sustained inflation, economists said.
