Warsh Reiterates Fed’s Pledge to Get Inflation Down but Doesn’t Specify How
Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
Inflation Slowed During Pause in War With Iran
The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.
The Fed’s new chairman is asking for advice.
Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the broad conduct of monetary policy.”
Trump Is Snapping Up Stakes in Private Companies. Could A.I. Be Next?
Some tech executives are nervous that recent scrutiny of artificial intelligence models could be a prelude to a demand by the Trump administration for an ownership stake.
What’s in the Housing Bill That Just Became Law
It is no Great Society measure, but the new law offers local governments and builders incentives to make incremental changes.
Global Economic Output Looks Slower for 2026, IMF Says
The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices.