What is Kevin Warsh’s perspective on the Fed’s inflation goals?
Kevin Warsh’s Senate Testimony on Federal Reserve Nomination Kevin Warsh is set to testify on Tuesday regarding his nomination to lead the Federal Reserve, and it’s likely senators will ask him about the Fed’s inflation target of 2%. This comes in light of ongoing price pressures that have impacted the U.S. economy since the pandemic […]
Feds: DHS worker fatally shot while walking dog by individual who became a citizen during Biden’s administration.
Tragic Incident in Georgia Involves DHS Employee’s Death A disturbing murder took place in Georgia, where a Department of Homeland Security (DHS) staff member was fatally attacked by an immigrant who had been naturalized during former President Joe Biden’s tenure. The victim, Lauren Bliss, an inspector general with the DHS, was shot and stabbed on […]
Judge denies DOJ request to lift subpoenas aimed at Fed’s Jerome Powell in sharp ruling
A federal judge turned down the Trump administration’s request on Friday to revisit the legality of two subpoenas aimed at the Federal Reserve, which were previously blocked last month. In his ruling, U.S. District Judge James Boasberg stated that the government did not present any new evidence or point out any errors in the earlier […]
GBP/USD declines as strong NFP data boosts expectations of Fed’s pause
The GBP/USD pair continued its downward trend for a second consecutive day, dropping 0.12%. This decline is partly attributed to strong US job data that has renewed focus on the Federal Reserve’s efforts against persistent inflation, which has exceeded target levels for five years. Right now, the exchange rate stands at 1.3205. Weakness of Sterling […]
Bitcoin price update: BTC continues to decline after Fed’s pause and Powell’s press conference
Bitcoin’s Dip Amid Inflation Concerns Bitcoin dropped below $71,000 on Wednesday following comments from Federal Reserve Chairman Jerome Powell, who highlighted rising oil prices from the ongoing conflict in Iran as a new risk for inflation. While the Fed decided to keep interest rates steady, Powell noted in a post-meeting press conference that the recent […]
South Korea’s Kospi stands out in Asia as investors evaluate Japan’s trade figures and anticipate the Fed’s interest rate decision.
Asian Markets React to Economic Data On Wednesday, South Korea’s Kospi topped the Asian markets as investors took stock of Japan’s trade figures while gearing up for the U.S. Federal Reserve’s upcoming interest rate announcement. Many are anticipating the Fed will maintain interest rates between 3.5% and 3.75% during its meeting. The Kospi was up, […]
February 2026 CPI: Inflation stayed consistent while still exceeding the Fed’s goal
Inflation remained elevated in February as consumer prices continued to surpass the Federal Reserve’s target interest rate, which sparked concerns about affordability among policymakers. On Wednesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI), which tracks the prices of everyday items like gasoline, groceries, and rent, increased by 0.3% month-over-month […]
Target lowers prices on 3,000 products as inflation stays higher than the Fed’s goal
Target Announces Price Cuts Amid Ongoing Inflation As inflation persists in the United States, surpassing the Federal Reserve’s 2% target for a fifth consecutive year, major retailers are adapting to sluggish demand and growing competition. On Wednesday, Target revealed it is reducing prices on over 3,000 products. This move aligns with mixed consumer sentiments in […]
feds remove NY judge known for approving the most asylum requests
Justice Department Dismisses Lenient New York Immigration Judge The Justice Department has reportedly let go of Judge Vivian Gordon Uluakpa, known for her leniency in immigration cases, as per a report from the Post. Uluakpa, who had a remarkable 97 percent approval rate for asylum seekers—higher than any other immigration judge in New York—was dismissed […]
As the US economy significantly slows down, the Fed’s favored measure of inflation remains high, probably delaying interest rate cuts.
U.S. Economic Growth Slows as Inflation Concerns Rise The latest economic report suggests a notable deceleration in U.S. economic growth, raising questions about the Federal Reserve’s ability to implement further interest rate cuts. On Friday, new data from the Commerce Department revealed that gross domestic product (GDP) increased at an annualized rate of just 1.4% […]