EUR/USD

Federal Reserve Chairman Kevin Warsh pledged Tuesday to “get monetary policy right” and defeat the inflation that has bedeviled the central bank for the past five years. In remarks for delivery to separate congressional panels this week, Warsh reiterated his recent tough talk on inflation, while also touting the strength of the U.S. economy and benefits ...

Chairman Hill, Ranking Member Waters, and other members of the Committee—good morning. It's a privilege to join you. At my first appearance before this panel, I am particularly honored to represent my superb colleagues throughout the Federal Reserve System. In submitting the Board's Monetary Policy Report, I think of a long line of central bank chiefs who came before Congress in keeping with the Federal Reserve Act. I think also of earlier efforts, going back to the time of the Framers, to create a central bank that would endure and serve the nation's founding principles. One of the large figures in the Federal Reserve's history is Alan Greenspan, who passed away last month after a century of life. By my count, my friend appeared before Congress more than two hundred times, displaying his agile mind and his distinctive way with words. We at the Fed recall the Chairman's strong and steady hand in a period of rapid economic change. And we honor his memory. As a country, we just marked our 250th year. And when Americans count our blessings, we can include an economy predicated on the brilliance of our constitutional design and system of ordered liberty—an economy without equal in all it's done for human flourishing. Some forms of Fed communications are discretionary, but not this one—and for good reason. It is a prudent and wisely conceived obligation, designed to keep the Fed accountable, responsible, and faithful to its congressional mandate of full employment and price stability. These obligations are of a piece with the Fed's rightful independence in the conduct of monetary policy. Today we are at a hinge point in history. It's up to all of us to meet this moment. The task of this generation of policymakers—and of individuals throughout the private sector—is to ensure the American economy excels far into the future. * * * * The Fed's number one objective is to Fed's Warsh: Productivity growth has been strong, predating gains from AI adoption. Fed's Chair Warsh: Labor market appears broadly stable. Just in | Fed's Warsh: Correct policy measures will eliminate the past five years of inflation, according to his remarks to Congress. Fed's Chair Warsh: The purpose of task forces is to equip the Fed to make better monetary policy decisions, put years of high inflation behind us.

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent on a seasonally adjusted basis in June after rising 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. This decline in the all items index was the largest 1-month decrease since April 2020 when it fell 0.8 percent. Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment. The index for energy fell 5.7 percent in June after rising 3.9 percent in May, 3.8 percent in April, and 10.9 percent in March. The energy index was the largest contributor to the monthly all items decrease, more than offsetting increases in other indexes including those for shelter and food. The index for food increased 0.2 percent over the month, as did the index for food at home and the index for food away from home. The index for all items less food and energy was unchanged in June. Indexes that decreased over the month include motor vehicle insurance, communication, apparel, medical care, and used cars and trucks. Conversely, the indexes for recreation, household furnishings and operations, and personal care were among the major indexes that increased in June. The all items index rose 3.5 percent for the 12 months ending June after rising 4.2 percent for the 12 months ending May. The all items less food and energy index Consumer prices rose 3.5% annually in June, less than expected as energy prices eased Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%. Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly drop in headline inflation was the biggest since April 2020. Core CPI *declined* in June, falling -0.02% and reducing the 12-month rate to 2.6%. Headline CPI also fell, and by a larger-than-expected -0.42%, lowering the 12-month rate to 3.5%. pic.twitter.com/m2o2xGLFvd

For the four weeks ending June 27, 2026, U.S. private employers added an average of 19,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). Hiring slowed for the third straight week. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...

The NFIB Small Business Optimism Index rose 2.1 points in June to 97.4, nearing its 52-year average of 98.0. Expectations for better business conditions and real sales expectations improved substantially and primarily drove the rise in the Index. The Uncertainty Index fell 2 points from May to 89, remaining well above its historical average of 68. As ...

Yelena Shuletyeva has been a devoted watcher of the Federal Reserve and its policy changes over the past 20 years, previously as an economist at BNP Paribas and Bloomberg LP. is now now putting all of her experience and analytical capabilities to work as a Senior US Economist for The Conference Board Economy, Strategy & Finance Center. As she takes over as ...

Seems Norwegian soccer star Erling Haaland is starting to feel more cowboy than Viking ... after spending weeks in the United States for the 2026 FIFA World Cup, he decided to bring home some cowboy keepsakes from Texas ... and they weren't cheap. A manager for Wild Bill's Western Store in Dallas tells TMZ ... Haaland and four other Norwegian soccer players ...

Monetary policymakers are sometimes accused of being too quick to tighten monetary policy out of concern that a strong labor market or rapid economic growth will cause higher inflation. An often-cited exception occurred in 1996 when Federal Reserve Chairman Alan Greenspan resisted calls to raise the Federal Open Market Committee (FOMC) policy rate despite ...

The U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target, Federal Reserve Governor Christopher Waller said on Monday, in remarks that characterized monetary policy as being at a "crossroads." Waller told the New York Association for Business Economics that he'll be leaning ...

Trump will support Russia sanctions bill - CNN citing official