Incoming Federal Reserve Chair Kevin Warsh won’t be looking to cut interest rates and in fact may want to consider raising them, investor Paul Tudor Jones said Thursday. “Do I think he’ll cut rates? No chance,” Jones said during a wide-ranging CNBC “Squawk Box” interview. Warsh has made no secret of his belief that the…
A gas station sign displays prices in Washington, D.C., U.S., May 1, 2026. Annabelle Gordon | Reuters Lower-income consumers are compensating for higher gas prices by buying less while those in higher income brackets haven’t changed their behavior much at all despite soaring costs, according to research released Wednesday by the Federal Reserve of New…
Stephanie Horrigan recruits for job opportunities at Life Alert during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less…
A Coors Light can and a Ford F150. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminum‘s surge to multiyear highs in the wake of the U.S-Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange has surged more than…
US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty Images U.K. goods exported to the U.S. plunged…
Construction work continues at the Marriner S. Eccles Federal Reserve building in Washington, DC, on Dec. 30, 2025. Brendan Smialowski | AFP | Getty Images Federal Reserve officials who voted this week against the post-meeting statement said they didn’t think it was appropriate to signal that the next interest rate move would be lower. Regional…
Federal Reserve Chairman Jerome Powell, and Federal Reserve Nominee, Kevin Warsh. Reuters When the Federal Open Market Committee gathers again in mid-June, it will mark the first time in nearly 80 years that a sitting and former chair conduct business together, a historic overlap that comes at a sensitive time for the central bank. While…
Gas prices are displayed at a station in Brooklyn on April 21, 2026 in New York City. Spencer Platt | Getty Images Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve, according to a batch of reports Thursday that showed…
Mounted police officers sit in outside the Royal Exchange and the Bank of England in London on June 17, 2020. TOLGA AKMEN | AFP via Getty Images Europe’s central banks are in focus this week as the European Central Bank and Bank of England release their latest monetary policy decisions against a backdrop of rising…
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell is likely in his final weeks at the central bank helm and now faces…