Kevin Warsh
Photo: The White House, Public domain (Wikimedia Commons, cropped)
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- 3d ago
US economy grows 3.4% in third quarter as AI investment and consumer spending lift GDP
Growth quickened from 2.2% in the second quarter, while high inflation and energy costs linked to the Iran conflict weigh on households just days before the 3 November midterms.
- 4d ago
Fed holds rates at 3.75-4% with two dissents for a hike, Wall Street ends higher
The Federal Reserve kept its benchmark rate at 3.75-4% on 28 October, with two committee members voting for a hike. September CPI inflation reached 3.7%, and Alphabet shares swung after a weak quarterly report.
- 5d ago
Fed holds rates at 3.75% to 4% before US midterms, with two votes for a hike
The Federal Reserve kept its benchmark range at 3.75% to 4% on Wednesday, 28 October 2026, after a 10-2 vote in which Lisa Cook and Beth Hammack wanted a quarter-point increase.
- Oct 16
Fed chair Kevin Warsh calls AI the most consequential economic change of his lifetime
Speaking at the IMF and World Bank meetings in Bangkok, Warsh also said AI could push prices up in the short term before lifting supply, while the IMF flagged risks of a sharp market reversal.
- Oct 14
US consumer prices rise 3.7% in September as gasoline jumps 9.1%
Energy costs linked to the war with Iran pushed US consumer prices up 3.7% from a year earlier, weeks before the 3 November midterm elections. The Federal Reserve now faces pressure to raise rates again at its 27-28 October meeting.
- Oct 12
Robert Hall and Michael Woodford win 2026 Nobel economics prize for macro stabilisation work
The Royal Swedish Academy of Sciences named Robert Hall and Michael Woodford on Monday, 12 October, for work on the microeconomic foundations of macroeconomic stabilisation. The prize is worth 12 million Swedish kronor, about one million euro.
- Oct 2
US Justice Department will not reopen criminal investigation into former Fed chair Jerome Powell
Attorney General Todd Blanche announced the Department of Justice will not resume a criminal probe into Jerome Powell over a $2.5 billion Federal Reserve building renovation.
- Sep 12
Middle East shipping attacks and oil deficit trigger ECB rate hike to 2.5%
Escalating maritime clashes in the Strait of Hormuz and Bab el-Mandeb have lifted Brent crude above $104 per barrel, prompting the ECB to raise interest rates to 2.50%.
- Aug 28
Fed chair Kevin Warsh warns of potential interest rate hikes as US inflation reaches 3.7%
Speaking at the Jackson Hole symposium, Federal Reserve Chair Kevin Warsh warned that the US central bank will raise interest rates if consumer price increases do not slow toward the 2.0% target.
- Aug 27
Global bond yields surge to multi-year highs as Middle East fighting lifts oil prices
Sovereign bond yields climbed in the United States, Japan, and Australia on Wednesday as renewed U.S.-Iran conflict pushed crude prices above $95 a barrel, increasing market expectations of interest-rate hikes.
- Jul 29
US Federal Reserve holds rates at 3.5-3.75% for fifth meeting as three officials dissent, backing a hike
The Federal Reserve left its benchmark interest rate unchanged on Wednesday at 3.5-3.75%, extending the pause that began in January. Nine of the twelve FOMC members backed the decision while three voted for a quarter-point increase, breaking the unanimity seen in June.
- Jul 2
Fed Chair Warsh pledges independence, inflation fight, and data reforms at Sintra forum
Federal Reserve Chair Kevin Warsh used his first international speech to double down on the 2% inflation target, reject political pressure, and outline plans to overhaul the Fed's data and decision-making.
- Jun 18
US and Iran sign interim peace deal, reopening Strait of Hormuz as oil prices tumble
The US and Iran have signed an interim peace agreement to end their three-month war, reopening the Strait of Hormuz and waiving oil sanctions. Oil prices tumbled as markets priced in the return of Iranian crude, though Donald Trump threatened to resume bombing if commitments are not met.
