President of Queens' College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022.James Lawler Duggan | ReutersMohamed El-Erian on Tuesday called for Federal Reserve...
Category: Economy
Treasury Secretary Bessent calls for a review of ‘the entire’ Federal Reserve
Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function."What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent said during an...
Kevin Warsh touts ‘regime change’ at Fed and calls for partnership with Treasury
Former Federal Reserve Governor Kevin Warsh, reportedly on President Donald Trump's short list to lead the institution, called Thursday for sweeping changes on how the central bank conducts business and suggested a policy alliance with the Treasury Department."We need regime change in the conduct of policy," Warsh said during an...
Inflation report Tuesday should provide clues on the impact tariffs are having on prices
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty ImagesJune's inflation report will be looked at not so much for what the headline numbers show than what's in the underlying data, especially whether tariffs are starting to have an...
Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty ImagesFears earlier this year that President Donald Trump's tariffs would result in a sharp inflation spike have completely receded, according to a New York Federal Reserve survey released Tuesday.The central...