Fed’s Jefferson Says Inflation High, But Policy ‘On Track’
Federal Reserve Governor Philip Jefferson said progress on inflation this year has been “mixed,” but noted that policy
2023-05-13 09:56
Yellen to Update Congress on Default Timing Within Two Weeks
Treasury Secretary Janet Yellen said she expects to update Congress within the next two weeks on how close
2023-05-13 09:48
Newsom Proposes Cutting Transit Funding as Systems Beg for Cash
California Governor Gavin Newsom on Friday rejected calls to further subsidize public-transit operators, while slashing funding for new
2023-05-13 07:46
US Urges Recall of 67 Million Air Bag Parts in Safety Mess
US regulators are urging a recall of 67 million air bag inflators they say could explode in a
2023-05-13 06:27
Italy Survives Fitch Judgment in Boost for Meloni Before Moody’s
Italy retained a credit assessment two notches above junk from Fitch Ratings, a vote of confidence in the
2023-05-13 05:46
Yellen Says ‘We Have to Default’ on Something If Congress Fails
Treasury Secretary Janet Yellen said that the federal government will have to renege on some payments if Congress
2023-05-13 05:45
Hedge Fund Trade With a History of Blowups Is Back Again
Hedge funds looking to profit from dislocations in the US Treasury market appear to be playing with the
2023-05-13 05:19
US Bank Lending Retreated During Week of First Republic Failure
US loans and deposits fell slightly in the chaotic first week of May when First Republic Bank collapsed
2023-05-13 04:50
California’s Newsom Sees Budget Deficit Deepening to $32 Billion
Governor Gavin Newsom said California is facing a $32 billion budget deficit, a deeper hole than previously projected,
2023-05-13 01:53
Fraudulent Jobless Claims in Massachusetts Boosted Recent US Data
Fraudulent applications for unemployment benefits in Massachusetts have been behind a recent uptick in claims in the state,
2023-05-13 01:48
Biden to Nominate Kugler to Fed Post, First Latina on Board
President Joe Biden said he’d nominate Federal Reserve Governor Philip Jefferson as vice chair and Adriana Kugler as
2023-05-13 01:25
Biden’s Power-Plant Climate Plan Gives Utilities Time to Clean Up Their Act
The Biden administration’s latest plan to slash planet-warming pollution gives electric utilities years to clean up US coal
2023-05-13 00:51