Kevin Warsh testified before the Senate Banking Committee for the first time Wednesday since taking over as chairman of the Federal Reserve. Warsh pledged to bring inflation under control.
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Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
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After getting hit with a steep tariff bill for the imported board games he sells, Jonathan Silva wanted to see if he could produce a version of his Monopoly game in the United States.
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NPR's Scott Detrow speaks with three people about how they're feeling the effects of inflation: Jennifer Browning, Alex Garcia and Chuck Lockhart.
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After getting hit with tariffs for the imported board games he sells, Jonathan Silva decided to see if he could produce a version of his Monopoly game in the United States. This is what he learned.
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Beef prices are continuing to rise due to drought, low herd sizes and concerns about the new world screwworm in the United States, but business owners in Texas say that raising prices could drive away customers.
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NPR's A Martinez speaks with Mark Zandi, chief economist at Moody's Analytics, who has estimated what the Iran war has cost the average U.S. household so far.
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The Federal Reserve has two main goals: price stability and maximum employment. But new Fed Chair Kevin Warsh seems to be leaning into price stability and away from full employment as equal goals.
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Oil and gasoline prices are climbing again after President Trump declared an end to the ceasefire with Iran. That could put more upward pressure on inflation.
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Crude oil prices jumped and stock prices fell after President Trump declared an end to the ceasefire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy.
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