Tag: Federal Reserve
Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed | Fortune
The Federal Reserve faces an unprecedented challenge as it prepares to set interest rates next week—making its decision with almost no economic data available.
The government...
Ken Griffin has a warning for Trump and the GOP: ‘I would not underestimate how grating a 3% inflation rate could be’ on Americans | Fortune
For Citadel CEO Ken Griffin, the political implications of still-elevated inflation are not lost on him.
Inflation has come down a lot from 9% in...
Jerome Powell says Gen Z without tech skills are getting crushed in the ’low-hire, low-fire’ job market—and colleges are failing them | Fortune
Federal Reserve Chair Jerome Powell issued a warning to young workers on Tuesday: if you don’t have technology skills, you’ll be left behind in...
Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’ | Fortune
For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital spending – which some analysts estimate...
Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence | Fortune
The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, delivering the long-awaited cut which Powell hinted at last...
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of crucial interest rate decision | Fortune
An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a...
‘The era of Fed independence would be over,’ Cook’s lawyers warn while asking court to reject Trump’s ouster bid | Fortune
Federal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration’s latest bid to remove her from her post ahead...
PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers—and weak job growth could put them over the edge
On paper, the July personal income and outlays report on Friday looked solid. Personal income rose 0.4% on a monthly basis, spending increased 0.5%,...
The first battle in the war on Fed independence takes shape today in Lisa Cook’s emergency hearing
The current battle over the Fed’s independence from the White House has boiled down to Cook v. Trump. Literally.
Fed governor (or former Fed...
Trump’s secret weapon: Housing chief Bill Pulte morphs into attack dog, wielding America’s property records like a club
When Bill Pulte was nominated as the country’s top housing regulator, he told senators that his “number one mission will be to strengthen and...