Inflation News
Government
Peter Navarro says Fed's rate raise is 'a bad decision'
White House adviser Peter Navarro on Wednesday blasted the Federal Reserve's move to raise interest rates, calling it "a bad decision." The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmar...
Trump blames Fed board, not Warsh, for rate hikes
President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by...
Fed hikes interest rates by quarter point
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rat...
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
Global bond yields fall after Fed governor says he may back holding rates steady
Bond yields around the world fell Thursday, after Federal Reserve board of governors member Christopher Waller said he would support holding interest rates steady if economic conditions warrant it. “If there is continued progress toward our 2 percent goal, then I am willing to su...