Fed Raises Rates for the First Time Since 2023 as Warsh Targets Inflation
The Federal Reserve raised rates by a quarter point to 3.75%–4%, its first hike since 2023. Chair Kevin Warsh said inflation is too high for too long.
US Economy
Warsh Opens the Door to Rate Rises in His First Jackson Hole Speech as Fed Chair
Fed Chair Kevin Warsh said inflation is broad and won’t return to 2% by itself, raising the odds of a September rate hike. Key Jackson Hole takeaways.
US National Debt Passes $40 Trillion for the First Time
US federal debt topped $40 trillion for the first time, reaching $40.047 trillion — earlier than the CBO expected. What drove it and what comes next.