Economy
Powell warns that politicizing the Federal Reserve would cost public trust
U.S. Federal Reserve Governor Jerome Powell warned about the impact of a politicized Fed and called for the defense of democratic institutions.
Key inflation gauge worsens as Americans’ income and spending power erodes
A key inflation gauge accelerated in April to the highest level in years, squeezing Americans’ finances and creating political challenges for President Trump.
Kevin Warsh sworn in as Fed chair, but Trump’s rate cuts look increasingly unlikely
Kevin Warsh was sworn-in Friday as the new chair of the Federal Reserve, the world’s most influential central bank