Kevin M. Warsh reiterated his commitment to bringing down inflation at his first congressional hearing since becoming chairman of the Federal Reserve. However, he has yet to indicate whether he supports higher interest rates to achieve that goal. Mr. Warsh told lawmakers on the House Financial Services Committee on Tuesday that the central bank would…
Hating artificial intelligence may be the only thing about which Americans agree. But they are global outliers in their pessimism. A survey of 24,000 adults across 30 countries found that citizens of nearly all of those countries, rich or poor, see A.I. more favorably than Americans do. This is startling for citizens of a wealthy,…
The average price of U.S. gasoline fell below $4 a gallon on Thursday for the first time in months, after Iran and the United States signed a preliminary agreement to cease hostilities for 60 days and reopen the Strait of Hormuz. The national average for a gallon of regular gasoline fell to a fraction of…
The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members…
The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members…
The war with Iran may be nearing its end. Its toll on the U.S. economy has yet to subside. A preliminary deal touted by President Trump on Monday appeared to pause the fighting in the Middle East — but not the high prices and other disruptions that have hammered American families and businesses recently. At…
It’s a common refrain: The middle class is hollowing out; Americans overall are increasingly falling short financially while a few are getting exceedingly rich. There’s even a scoreboard of inequality. We’ve persuaded ourselves that many families can no longer achieve the American middle-class dream the way their parents once did. It’s a political hot button,…
The labor market has shifted into a higher gear, powering through an energy shock and immigration restrictions to pull more people into work even as consumers sour on an economy that is straining their wallets. The vigorous pace of hiring over the past few months is a reversal from the stagnation of 2025, a year…
June 5, 2026, 10:06 a.m. ET White House rejoices over strong jobs report. The White House celebrated a stronger-than-expected jobs report on Friday, insisting that the uptick in hiring shows that the U.S. economy remains strong even as the war with Iran continues to elevate oil and gas prices. The report, which showed that employers…
June 5, 2026, 10:06 a.m. ET White House rejoices over strong jobs report. The White House celebrated a stronger-than-expected jobs report on Friday, insisting that the uptick in hiring shows that the U.S. economy remains strong even as the war with Iran continues to elevate oil and gas prices. The report, which showed that employers…
