Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is…

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Schumer pauses Trump DOJ nominees

Schumer pauses Trump DOJ nominees

Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty Images Senate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of…

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CPI inflation April 2025: Rate hits 2.3%

CPI inflation April 2025: Rate hits 2.3%

Inflation was slightly lower than expected in April as President Donald Trump‘s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday. The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation…

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