The Senate approved Kevin Warsh as Federal Reserve chairman, installing new leadership amid inflation pressures and political tensions surrounding the central bank’s independence.
Rising fuel prices have pushed Phoenix’s annual inflation rate to 3%, marking its highest level in almost three years amid supply disruptions linked to conflict in Iran.
Kevin Warsh was confirmed by the Senate to lead the Federal Reserve, succeeding Jerome Powell amid political tensions over central bank independence and ongoing investigations.
The Senate prepares to confirm Kevin Warsh as Federal Reserve chair, ushering new leadership at a critical time marked by inflation pressures and political tensions.
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U.S. household debt has climbed to historic highs as inflation, driven largely by soaring fuel costs linked to geopolitical tensions, continues to strain consumer finances.
Wall Street experienced uneven trading amid rising inflation pressures, with technology stocks recovering while other sectors faced declines.
Denise Powell surged past John Cavanaugh late Tuesday night in a closely contested primary for Nebraska’s 2nd Congressional District, with thousands of ballots still uncounted.
April’s inflation report reveals the highest annual increase since mid-2023, driven by soaring energy and shelter costs, deepening pressure on consumers and signaling broader economic risks.
Alaska Electric Light & Power plans to raise Juneau’s electricity rates due to rising costs from capital improvements and inflation, with bills expected to increase by up to 20%.
U.S. household debt reached a new peak driven by mortgages and auto loans, while inflation rose to its highest rate in three years, intensifying financial pressures.
Kevin Warsh secured Senate confirmation to the Federal Reserve board, advancing toward a vote on his nomination as Fed chairman amid partisan opposition and policy debates.