Record price surge: April's 1.4% monthly PPI jump is the largest since March 2022, with gains across goods and services. Fed policy impact: Hot inflation data reduces chances of rate cuts in 2026 and ...

The U.S. Senate is expected to confirm Kevin Warsh as chair of the Federal Reserve on Wednesday, putting the 56-year-old ...

The US Senate is expected to confirm Kevin Warsh as the new chair of the Federal Reserve on Wednesday afternoon.

Major stock indexes mostly advanced Wednesday, with tech shares helping the S&P 500 and Nasdaq Composite set new all-time ...

The Senate is expected to vote on Warsh’s confirmation on Wednesday afternoon, a day after approving his nomination to the ...

In his second term, President Donald Trump demands a loyal bureaucracy that will defend his political well-being. No one ...

U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as ...

Market reaction: S&P 500 futures turned negative after April's PPI rose 6% annually, well above forecasts, signaling prolonged high rates. Fed implications: Hot inflation and energy shocks from the ...

President Trump has mounted an unprecedented attempt to exert control over the most powerful institution in the U.S. economy.

All the numbers were much higher than economists had expected and it alters the dynamic at the Fed and its fight against ...

Kevin Warsh promised to remake the central bank. His first challenge: inflation that will make the president's demand for ...