president trump
Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
WASHINGTON | The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials. In an unusually short statement after […]
Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON | A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% […]