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Federal Reserve

Fed Chair Kevin Warsh's clashes with Trump over interest rates, inflation, and the economy's response.

66 articles · Started 2026-06-13 · Last updated 2026-08-12

Aug 12, 2026 Inflation Dipped in July Because a Lettuce Recall Made Salad Cheaper

Inflation Dipped in July Because a Lettuce Recall Made Salad Cheaper

The good news is that inflation cooled in July. The bad news is that one of the main reasons inflation cooled in July is that a foodborne illness outbreak made...
Aug 12, 2026 Inflation Still Beating Your Paycheck, Gas Still $4+, Fed About to Make Your Mortgage Worse

Inflation Still Beating Your Paycheck, Gas Still $4+, Fed About to Make Your Mortgage Worse

Wages are growing at 3.2%. Inflation is running at 3.4%. If you're doing that math and feeling vaguely nauseous, you are doing the math correctly. The Bureau...
Aug 11, 2026 AI Is Making Your RAM Cost More. There Is No End in Sight.

AI Is Making Your RAM Cost More. There Is No End in Sight.

The AI boom has a bill, and you're the one paying it. Memory chip prices are surging at a scale Axios describes as "unprecedented," and the ripple effects are...
Aug 10, 2026 Gold Just Lost $1,000 an Ounce. Here's Why Your Portfolio Is Sweating.

Gold Just Lost $1,000 an Ounce. Here's Why Your Portfolio Is Sweating.

Gold, the investment that's supposed to be your financial panic room, is currently sitting more than $1,000 below its January 2026 peak. As of this month, you...
Aug 10, 2026 Fed Chair Warsh Tanked Markets by Being Vague at a Press Conference

Fed Chair Warsh Tanked Markets by Being Vague at a Press Conference

The Federal Reserve chairman managed to spook markets and embarrass himself at a single press conference last month, which is genuinely impressive when you...
Aug 07, 2026 Jobs Report Looks Fine Until You Look At It

Jobs Report Looks Fine Until You Look At It

The July jobs report landed Friday and the headline number wasn't a catastrophe, which is the new bar we're apparently measuring success against. But Axios...
Aug 07, 2026 Economy Lost 23,000 Jobs in July While Experts Expected to Gain 83,000

Economy Lost 23,000 Jobs in July While Experts Expected to Gain 83,000

The U.S. economy shed 23,000 jobs in July. Economists had forecast a gain of 83,000. That is not a miss. That is a different planet entirely. And it landed on...
Aug 04, 2026 Manufacturing and Construction Are Back — And AI Is Writing the Check

Manufacturing and Construction Are Back — And AI Is Writing the Check

Two of the sectors that got absolutely flattened by the Federal Reserve's years-long interest rate squeeze are suddenly hiring again. The twist? They're not...
Aug 03, 2026 Fed Chair Warsh Wants Fewer Meetings to Set Interest Rates

Fed Chair Warsh Wants Fewer Meetings to Set Interest Rates

The new head of the Federal Reserve, Kevin Warsh, is apparently looking at the central bank's schedule and thinking: what if we just... met less often?...
Jul 31, 2026 Bessent Left His 'Buy $10B Yen' Shopping List Out at a Press Meeting

Bessent Left His 'Buy $10B Yen' Shopping List Out at a Press Meeting

The United States Treasury Secretary wrote down his plan to spend up to $10 billion propping up the Japanese yen on a notepad, left it face-up on the...
Jul 30, 2026 Mortgage Rates Hit 6.66% as Iran War and Fed Stoke Inflation Fears

Mortgage Rates Hit 6.66% as Iran War and Fed Stoke Inflation Fears

The average 30-year fixed mortgage rate just hit 6.66%, and yes, someone at Freddie Mac noticed the number. The biblically ominous figure is the highest the...
Jul 30, 2026 U.S. Economy Slows to 1.5% as Iran War Sends Gas Past $4

U.S. Economy Slows to 1.5% as Iran War Sends Gas Past $4

The U.S. economy grew at a measly 1.5% annual rate in the second quarter of 2026, the Commerce Department announced Thursday, missing forecasts by nearly a...
Jul 30, 2026 Trump's Iran War Is Now Crashing the Bond Market Too

Trump's Iran War Is Now Crashing the Bond Market Too

US government borrowing costs just hit their highest level since 2007. The Federal Reserve held interest rates steady. Stocks cratered. And the war in Iran...
Jul 30, 2026 China Sat Out the Oil Panic and Accidentally Saved the World Economy

China Sat Out the Oil Panic and Accidentally Saved the World Economy

Nobody planned for China to be the adult in the room. And yet, when the U.S. and Israel launched their war on Iran on February 28th and oil markets started...
Jul 29, 2026 Fed Holds Rates While Three Officials Mutiny and Markets Tank

Fed Holds Rates While Three Officials Mutiny and Markets Tank

The Federal Reserve held interest rates steady on Wednesday, which should have been good news. Instead, stocks cratered, three central bank officials openly...
Jul 29, 2026 Fed Defies Trump Again, Holds Rates as He Demands World's Lowest

Fed Defies Trump Again, Holds Rates as He Demands World's Lowest

Donald Trump stood in front of reporters on Monday and declared that the United States "should have the lowest rates in the world." Two days later, the Federal...
Jul 29, 2026 The Fed's Crystal Ball Is Broken and AI Broke It

The Fed's Crystal Ball Is Broken and AI Broke It

The people in charge of keeping the global economy from flying into a mountain just got told that their instruments might not work anymore. According to a new...
Jul 29, 2026 Trump Vows to 'Beat the F---ing S--- Out of' Iran as Dow Drops 700

Trump Vows to 'Beat the F---ing S--- Out of' Iran as Dow Drops 700

Iran fired ballistic missiles at US military positions in Jordan overnight, and President Trump responded Wednesday morning by telling Fox News, on camera,...
Jul 29, 2026 Iran Fires Missiles at U.S. Troops While Trump Hosts Netanyahu for 'Productive' Chat

Iran Fires Missiles at U.S. Troops While Trump Hosts Netanyahu for 'Productive' Chat

While Donald Trump was busy calling his White House meeting with Benjamin Netanyahu 'productive,' Iran launched a volley of missiles at U.S. forces somewhere...
Jul 27, 2026 Fed May Hike Rates This Week With Zero Warning. That's New.

Fed May Hike Rates This Week With Zero Warning. That's New.

The Federal Reserve has spent the better part of thirty years building a reputation for being the most boringly predictable institution in American public...
Jul 24, 2026 Oil at $100, a War Brewing, and the Fed Is Maybe Gonna Hike

Oil at $100, a War Brewing, and the Fed Is Maybe Gonna Hike

Oil just cracked $100 a barrel, the United States is fighting a war with Iran, and the Federal Reserve is sitting in a corner trying to decide whether to make...
Jul 23, 2026 Treasury Yields Are Surging and Nobody in Washington Seems to Care

Treasury Yields Are Surging and Nobody in Washington Seems to Care

Investors are demanding a much bigger bribe to lend money to the United States government, and the reasons why are a perfect window into how badly we've broken...
Jul 23, 2026 Oil Hits $100 as US-Iran War Tanks Your Grocery Bill

Oil Hits $100 as US-Iran War Tanks Your Grocery Bill

Oil just cracked $100 a barrel for the first time since May, the Middle East is on fire, and Marco Rubio has decided the Iranians just aren't dealmaking...
Jul 23, 2026 Gas Hits $4.09 as Houthis Light a Saudi Tanker on Fire

Gas Hits $4.09 as Houthis Light a Saudi Tanker on Fire

A Saudi oil tanker called the Encelia is on fire in the Red Sea right now, Houthi rebels are bragging about it, and Brent crude just crossed $100 a barrel for...
Jul 22, 2026 The Fed Chair Won't Tell You Anything, So Everyone Else Is

The Fed Chair Won't Tell You Anything, So Everyone Else Is

Federal Reserve Chairman Kevin Warsh spent more than five hours testifying before Congress last week and somehow managed to tell financial markets almost...
Jul 17, 2026 The Fed Came to Wisconsin to Find Out Why Americans Still Buy $400 Wrenches

The Fed Came to Wisconsin to Find Out Why Americans Still Buy $400 Wrenches

Some people get their ashes stored in miniature Snap-on toolboxes. That sentence is true, and it tells you almost everything you need to know about why the...
Jul 16, 2026 You Need a 740 Credit Score to Not Get Gouged on a Mortgage Right Now

You Need a 740 Credit Score to Not Get Gouged on a Mortgage Right Now

Mortgage rates have been camped out around 6.5% for months now, and if your credit score isn't at least 740, lenders are going to charge you even more than...
Jul 14, 2026 Amy Coney Barrett Wore a Bulletproof Vest Home and Had to Explain It to Her 12-Year-Old

Amy Coney Barrett Wore a Bulletproof Vest Home and Had to Explain It to Her 12-Year-Old

Amy Coney Barrett sat before Congress on Tuesday and described putting on a bulletproof vest before going home, then trying to explain to her 12-year-old son...
Jul 14, 2026 New Fed Chair Says 'Inflation's a Choice' While It Sits at 3.5%

New Fed Chair Says 'Inflation's a Choice' While It Sits at 3.5%

Kevin Warsh walked into his first congressional testimony as Federal Reserve Chairman on Tuesday with a bold message: inflation is a choice. Great. Someone go...
Jul 14, 2026 Fed Chair Warsh Tells Congress Absolutely Nothing About Rates

Fed Chair Warsh Tells Congress Absolutely Nothing About Rates

The Federal Reserve chairman walked into Congress on Tuesday, sat down in front of the American people's elected representatives, and told them essentially...
Jul 14, 2026 Inflation Drops to 3.5% — Then Trump Blew Up the Strait of Hormuz

Inflation Drops to 3.5% — Then Trump Blew Up the Strait of Hormuz

For one brief, shining moment on Tuesday morning, the economic news was actually good. Then, roughly in the same news cycle, Donald Trump announced he was...
Jul 14, 2026 Inflation's Still Burning and the AI Boom Is Making It Worse

Inflation's Still Burning and the AI Boom Is Making It Worse

The Bureau of Labor Statistics releases June inflation data Tuesday morning, and the headline number might look better than last month's ugly reading of 4.2%....
Jul 13, 2026 War With Iran Is Now a Line Item in Your Gas Bill

War With Iran Is Now a Line Item in Your Gas Bill

The United States and Iran are both claiming control of the Strait of Hormuz, which is the kind of sentence that used to appear only in Tom Clancy novels and...
Jul 10, 2026 Mortgage Rates Hit 6.5% and the Inflation Report Won't Save You

Mortgage Rates Hit 6.5% and the Inflation Report Won't Save You

Back in early March, the average 30-year mortgage rate had fallen to 5.75%. That was a nice number. A hopeful number. The kind of number that makes people dust...
Jul 10, 2026 Fed Chair Warsh's Fix for Groupthink: Five Task Forces Full of Non-Fed People

Fed Chair Warsh's Fix for Groupthink: Five Task Forces Full of Non-Fed People

The Federal Reserve, an institution that has spent decades perfecting the art of talking to itself, is about to hear from some people who have never worked...
Jul 09, 2026 Maine Dems Scramble for Nominee After Senate Pick Quits Over Assault Allegations

Maine Dems Scramble for Nominee After Senate Pick Quits Over Assault Allegations

Maine Democrats had a Senate candidate. Then they had a sexual assault scandal. Now they have until July 27 to figure out who the hell is going to take on...
Jul 08, 2026 Trump Blew Up the Iran Ceasefire and Now Inflation Is Back on the Menu

Trump Blew Up the Iran Ceasefire and Now Inflation Is Back on the Menu

The ceasefire with Iran lasted about as long as a Trump press conference apology. President Trump declared it over, the U.S. military hit dozens of targets...
Jul 08, 2026 Trump Blew Up the Iran Ceasefire and Now Gas Prices Are Going Up Again

Trump Blew Up the Iran Ceasefire and Now Gas Prices Are Going Up Again

Two days after the Dow Jones hit a record high, Trump declared the Iran ceasefire over, the U.S. military attacked dozens of targets along the Iranian...
Jul 07, 2026 22% Interest and Rising: America's Credit Card Trap Is Swallowing People Whole

22% Interest and Rising: America's Credit Card Trap Is Swallowing People Whole

The average credit card interest rate in America is sitting at nearly 22%. Not 8%. Not 12%. Twenty-two percent. If you're one of the millions of cardholders...
Jul 06, 2026 The Fed's Inflation Ruler Is Getting Shorter Right When Inflation Is High

The Fed's Inflation Ruler Is Getting Shorter Right When Inflation Is High

The government is about to change the math on its most important inflation measurement, and the new math will make inflation look better. This is either a...
Jul 02, 2026 Supreme Court Spent This Term Quietly Killing Congress

Supreme Court Spent This Term Quietly Killing Congress

The Supreme Court just wrapped up one of the most consequential terms in modern American history, and the verdict is in: Congress lost. Not on one issue. Not...
Jul 01, 2026 Brennan Sues DOJ to Stop Trump From Shredding Evidence Before His Show Trial

Brennan Sues DOJ to Stop Trump From Shredding Evidence Before His Show Trial

Former CIA Director John Brennan walked into federal court Wednesday and essentially asked a judge to stop the Trump administration from burning the receipts....
Jul 01, 2026 Trump Pocketed $2B Since January and Flew Qatar's Gift 747 This Week

Trump Pocketed $2B Since January and Flew Qatar's Gift 747 This Week

Donald Trump has raked in two billion dollars since returning to the White House, half of it from cryptocurrency he has been publicly promoting from the Oval...
Jul 01, 2026 Fed Chair Warsh Says Inflation Still Too High, Blames Apple and AI

Fed Chair Warsh Says Inflation Still Too High, Blames Apple and AI

The man in charge of America's interest rates stood in Portugal on Wednesday and told the world that prices are still too damn high, that AI is eating the...
Jun 30, 2026 Supreme Court Hands Trump the Keys to Every Agency Congress Ever Built

Supreme Court Hands Trump the Keys to Every Agency Congress Ever Built

In one ruling, the Supreme Court wiped out a 91-year-old precedent, nullified a 112-year-old law, and handed Donald Trump the power to fire the heads of...
Jun 29, 2026 Supreme Court Hands Trump Power to Fire Anyone in the Executive Branch

Supreme Court Hands Trump Power to Fire Anyone in the Executive Branch

The Supreme Court just handed Donald Trump the keys to the entire executive branch, striking down nearly all limits on his ability to fire federal agency...
Jun 26, 2026 Nobody Knows What the New Fed Chair Will Do, Including Probably Him

Nobody Knows What the New Fed Chair Will Do, Including Probably Him

The man in charge of setting interest rates for the largest economy on Earth has been on the job for a hot minute, and nobody — not traders, not economists,...
Jun 24, 2026 Mortgage Rates Are a Mess in 2026. Here's Who's Actually Worth Your Time

Mortgage Rates Are a Mess in 2026. Here's Who's Actually Worth Your Time

In early March 2026, the average 30-year mortgage rate was sitting comfortably below 6%. By late spring, it had surged more than half a percentage point,...
Jun 24, 2026 Trump Siccs DOJ on Big Oil for Not Dropping Gas Prices Fast Enough

Trump Siccs DOJ on Big Oil for Not Dropping Gas Prices Fast Enough

Donald Trump, the man who spent four years telling you that government should stay out of business, has ordered the Department of Justice to investigate oil...
Jun 22, 2026 Alan Greenspan, the Man Who Broke the Economy, Dies at 100

Alan Greenspan, the Man Who Broke the Economy, Dies at 100

Alan Greenspan, the Federal Reserve chairman who ran the US economy like a god operating in secret for nearly two decades, died Sunday at age 100 from...
Jun 20, 2026 Trump's Fed Pick Just Told Trump to Go to Hell (Politely)

Trump's Fed Pick Just Told Trump to Go to Hell (Politely)

The whole rap on Kevin Warsh was that Trump had finally gotten his guy at the Fed — a loyalist who'd slash rates on demand and juice the economy before the...
Jun 19, 2026 Trump Reads List of Hitler, Stalin, Mao and Says 'Sounds Good to Me'

Trump Reads List of Hitler, Stalin, Mao and Says 'Sounds Good to Me'

The President of the United States read a document comparing him favorably to Hitler, Stalin, and Mao, and his official response was 'Sounds good to me!' This...
Jun 19, 2026 Trump Names 'Little Trump' to Run All 18 US Spy Agencies

Trump Names 'Little Trump' to Run All 18 US Spy Agencies

The man reportedly nicknamed 'Little Trump' inside the White House, a housing finance regulator with zero intelligence experience who used his last job to...
Jun 19, 2026 Mortgage Rates Are Back in Mortgage Rate Hell, So When Can You Escape?

Mortgage Rates Are Back in Mortgage Rate Hell, So When Can You Escape?

For one brief, shining moment in early 2026, mortgage rates dipped below 5% for the first time in nearly four years. Then inflation remembered it existed, the...
Jun 18, 2026 Fed Governor Racked Up $1.3M in Bills Just for Surviving Trump

Fed Governor Racked Up $1.3M in Bills Just for Surviving Trump

Lisa Cook, the Federal Reserve governor Donald Trump tried to fire last year, racked up more than $1.3 million in legal and security costs just defending her...
Jun 18, 2026 Feds Dangle 1% Interest Cut to Lure Borrowers Back to Auto Pay

Feds Dangle 1% Interest Cut to Lure Borrowers Back to Auto Pay

Auto pay enrollment on federal student loans cratered from 83% of borrowers down to 40% during the COVID repayment pause, and the government has apparently...
Jun 18, 2026 Supreme Court About to Rule on Whether Being Born Here Is Enough

Supreme Court About to Rule on Whether Being Born Here Is Enough

The Supreme Court is about to tell millions of American-born children whether the ground they're standing on still belongs to them. Before the term wraps up...
Jun 17, 2026 Trump's Fed Pick Warsh Kills Rate-Cut Signal as Inflation Hits 4.2%

Trump's Fed Pick Warsh Kills Rate-Cut Signal as Inflation Hits 4.2%

Donald Trump spent two years harassing Jerome Powell into cutting interest rates, got his handpicked replacement installed at the Federal Reserve, and is now...
Jun 17, 2026 1,500 Ships Trapped, Israel Ignored: The Iran Deal Nobody Fully Agrees To

1,500 Ships Trapped, Israel Ignored: The Iran Deal Nobody Fully Agrees To

JD Vance is flying to Switzerland on Friday to sign a tentative deal to end the U.S. war with Iran, which is great news, except that the details are unclear,...
Jun 17, 2026 Trump's Hand-Picked Fed Chair Walks Into Inflation Hell on Day One

Trump's Hand-Picked Fed Chair Walks Into Inflation Hell on Day One

Kevin Warsh got the job he wanted. He just didn't get the economy that goes with it. Trump's hand-picked Federal Reserve chairman chairs his first interest...
Jun 16, 2026 Trump's Fed Pick Faces Inflation Fire on Day One

Trump's Fed Pick Faces Inflation Fire on Day One

Kevin Warsh walked into the most consequential press conference of his career on Wednesday, inheriting a Federal Reserve battered by the highest inflation in...
Jun 15, 2026 Trump's Fed Pick Walks Into a Burning Building on Day One

Trump's Fed Pick Walks Into a Burning Building on Day One

Kevin Warsh has been Federal Reserve chairman for approximately five minutes and already the building is on fire. Axios reports that Warsh is heading into his...
Jun 15, 2026 Trump's DOJ Is Now Investigating Newsom's Wife Too

Trump's DOJ Is Now Investigating Newsom's Wife Too

The Department of Justice is investigating Gavin Newsom and his wife, Jennifer, the California governor announced Monday in a video posted to X. Newsom says...
Jun 15, 2026 The Fed Meets This Week and Your Mortgage Is Still Screwed

The Fed Meets This Week and Your Mortgage Is Still Screwed

Mortgage rates were below 6% earlier this year. Now they're climbing again, inflation is surging, there's a war with Iran, and the Federal Reserve is about to...
Jun 14, 2026 23 Cases, One Court, All of Trump's Biggest Dreams on the Line

23 Cases, One Court, All of Trump's Biggest Dreams on the Line

The Supreme Court is sprinting toward summer recess with 23 unresolved cases, and the pile looks less like a legal docket and more like a referendum on whether...
Jun 13, 2026 Inflation Hit 4.2% and Dollar General's Big Fix Is a $1 Frozen Aisle

Inflation Hit 4.2% and Dollar General's Big Fix Is a $1 Frozen Aisle

Inflation just clocked in at 4.2% in May, its highest level in three years and the third straight month it's gone up, according to the Labor Department. Dollar...