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Analysis: Warsh is learning to wield the Fed's power without showing his hand
The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.
government
Live updates: Trump, Obama, Vance hit key states in midterm sprint
Former President Obama is stopping in Atlanta on Wednesday — less than a week out from Election Day — to give a boost to Democrat Keisha Lance Bottoms, who's running for Georgia governor, and incumbent Sen. Jon Ossoff (D). Obama's visit to the Peach State comes just a few days af...
government
Watch live: Warsh speaks after Fed votes to keep interest rates steady
Federal Reserve Chair Kevin Warsh will speak to reporters Wednesday after the central bank voted to hold interest rates steady at 3.75 percent to 4 percent, despite persistent inflation and mounting economic pressures ahead of the midterm elections. The decision comes six weeks a...
government
Federal Reserve holds interest rates steady in face of persistent inflation
Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. "The committee believes that the accumulation...
News
Bond yields rise slightly ahead of Fed rates decision
Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady. The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly ...