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Kevin Warsh comes into the Fed facing a big ‘family fight’ over cutting interest rates

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Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC,...
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Traders now see next Fed interest rate move as a hike following inflation surge

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Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Monday, Dec. 15, 2025. Al Drago | Bloomberg | Getty...
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‘Biggest bottleneck in the AI buildup’ fuels DRAM ETF to record

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The Roundhill Memory ETF (DRAM) just hit $9.8 billion in assets under management in 43 days— the fastest pace ever for an exchange-traded fund,...
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Inflation rate projected to hit 6% in the second quarter, top economic forecasters say

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Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty ImagesThe recent surge in inflation...
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30-year Treasury yield tops 5.1%, highest in nearly a year

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U.S. Treasurys spiked on Friday morning following a week of messy inflation data and as traders looked to price interest rate policy under new...
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Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms

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The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence...
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Bond market believes Fed behind the curve on inflation as Warsh takes over

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A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the...
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Fed Governor Miran submits resignation, throws support behind Warsh as new chair

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Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New...
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Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed

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Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal...
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Xi tells Musk, Tim Cook and other CEOs on Trump’s trip: China will ‘open wider’

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Tesla and SpaceX CEO Elon Musk attends a state banquet for US President Donald Trump and China's President Xi Jinping at the Great Hall...
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Americans still feel bad about the economy. When will it get better?

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American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially...
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Five takeaways from the Trump-Xi summit in Beijing so far

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U.S. President Donald Trump and Chinese President Xi Jinping attend a bilateral meeting at the Great Hall of the People on May 14, 2026...
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