Kevin Warsh sworn in as Federal Reserve chair at White House ceremony
Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.
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Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.
April Fed minutes show an 8-4 vote to hold rates and a sharp split over whether to signal openness to future cuts as inflation and energy risks persist.
Senate confirmed Kevin Warsh as Fed chair 54-45, sending Treasury yields higher and cutting odds of a June rate cut amid hotter inflation data.
May 7 court ruling finds President Trump exceeded Section 122 authority for a 10% tariff, but injunction and refunds apply only to the plaintiffs who sued.
Consumer prices rose 0.6% in April; annual inflation accelerated to 3.8% as gasoline and shelter drove gains, while core CPI rose 2.8%.
Bank of Canada Gov. Tiff Macklem warned rates could rise or fall: cuts if U.S. trade curbs dent growth, hikes if sustained oil-driven inflation spreads. Rate held at 2.25%.
Advance BEA estimate: U.S. GDP rose 2.0% annualized in Q1 2026, with core PCE at 4.3% — keeping inflation and Fed policy center stage.
ECB keeps key rates unchanged and flags heightened upside inflation and downside growth risks after Middle East-driven energy price spike.
BIS data show cross-border bank credit rose 11% in 2025 to $38.1tn — the fastest annual gain since Q1 2008 — led by dollar and euro lending.
The BOJ kept its policy rate at 0.75% on April 28, but a 6-3 vote exposed growing support among board members for higher rates.
Prime Minister Mark Carney unveils the Canada Strong Fund, a C$25 billion federal investment vehicle to back energy, minerals, agriculture and infrastructure.
In his inaugural address, Bank of Korea Governor Hyun Song Shin set a four‑part agenda: prudent, flexible policy; stronger financial‑stability monitoring; boosting the won in digital payments; and deeper research on Korea’s structural challenges.
The BIS congratulated Hyun Song Shin after South Korea’s National Assembly committee adopted his confirmation, marking his return from the BIS to lead the Bank of Korea.
Canada’s annual inflation rose to 2.4% in March as a record monthly gasoline price jump pushed up energy costs, while core measures stayed near 2%.
Labor Dept. proposes a safe harbor allowing 401(k)s to include private assets — from private equity to crypto — if fiduciaries follow specified vetting processes.
CEA research finds a federal ban on stablecoin yields would raise U.S. bank lending by about $2.1 billion under current conditions; worst‑case $531B.
OPEC and allies raise oil production quotas slightly, but war and shipping disruptions limit impact on soaring prices.
The U.S. added 178,000 jobs in March, beating forecasts, but slower labor force growth and geopolitical risks temper optimism.
The Fed keeps interest rates steady as inflation and geopolitical tensions in the Middle East create economic uncertainty and fuel price pressures.
BoE keeps Bank Rate at 3.75% after conflict involving Iran disrupts Hormuz shipping, lifting energy prices and reviving UK inflation risks.