Taming Stagflation and Debt: The Daunting Task Facing New Fed Chair Kevin Warsh
Kevin Warsh takes the helm of the Federal Reserve amid risks of stagflation, rising national debt, and questions over US financial dominance.
US Economy
U.S. Federal Reserve Transition: Kevin Warsh Takes Helm Amid Policy Tension
Kevin Warsh takes over as U.S. Federal Reserve Chair following Jerome Powell’s term expiration, amid pressure from the Trump administration for immediate rate cuts.
Jerome Powell Concludes Eight-Year Term as U.S. Federal Reserve Chair
U.S. Federal Reserve Chair Jerome Powell concludes his eight-year term this week but will remain as a governor of the central bank.
New Era at the Federal Reserve: Will Kevin Warsh Maintain Independence?
Kevin Warsh is confirmed as the new Federal Reserve Chair. Global markets now watch to see if he will prioritize the Fed’s independence or the White House’s pressure for rate cuts.
US Senate Confirms Kevin Warsh as Next Federal Reserve Chair
The US Senate has confirmed financier Kevin Warsh as the next Federal Reserve Chair, stepping in to lead the US central bank amid surging inflation and geopolitical volatility.
US Senate Confirms Kevin Warsh to Federal Reserve Board, Paving Way for Chairmanship
The US Senate has confirmed Kevin Warsh as a Federal Reserve governor, clearing the path for his potential appointment as Fed Chair before Jerome Powell’s term ends this Friday.
U.S. Celebrates Mother’s Day: A Major Boost for Retail Spending
As the U.S. celebrates Mother’s Day today, May 10, 2026, the holiday marks not only a time for family but also a significant driver for retail spending across the country.
US Consumer Sentiment Hits Record Low in May Amid Inflation Fears
US consumer sentiment plummeted to a record low of 48.2 in May 2026, driven by inflation fears, surging gas prices, and persistent tariffs.
US Fuel Prices Surge 42%, Outpacing Southeast Asia’s Energy Shock
US scholar Karen Young reports that fuel prices in the US have surged 42%, surpassing Southeast Asia’s 37% spike and intensifying the oil supply crunch for Americans.
US Gas Prices Spike 52% Amid Energy Disruptions in the Strait of Hormuz
US regular gasoline prices have surged 52% since the Iran war began, hitting $4.54 per gallon as oil tankers remain trapped in the Strait of Hormuz.
Americans Feel Economic Strain as Iran Conflict Drives Up Costs
Soaring gas prices driven by the conflict in Iran are straining American households and businesses, highlighting the global economy’s interconnected nature in 2026.
Fed Holds Rates as Powell’s Tenure Nears End
The US Federal Reserve maintains interest rates amid inflation fears fueled by Iran conflict, in a final defiant move by outgoing Chair Jerome Powell.
US Tariff Changes Projected to Add $1.1 Trillion to Deficit
CBO Director Phillip Swagel projects recent US tariff changes will increase the federal budget deficit by $1.1 trillion over the next decade.
Middle East Conflict Spurs US Inflation to Two-Year High
US inflation hits a two-year high as the Middle East conflict pushes up energy and transportation costs, with major financial bodies raising their forecasts.
Middle East Tensions and Tariffs Drive US Price Hikes in 2026
Middle East conflicts and U.S. tariffs disrupt key shipping lanes, driving inflation across consumer goods and energy markets in 2026. Port officials warn of sustained economic pressure.
LA Labor Shortages Intensify as Immigration Policies Tighten in 2026
Los Angeles businesses face operational challenges as tightened immigration policies exacerbate labor shortages, with economists warning of significant economic repercussions in 2026.
US Gasoline Prices Hit 4-Year High Amid Middle East Tensions
US gasoline prices surge to 4-year high at $4+/gallon amid Middle East tensions, disrupting travel plans and commercial logistics nationwide.
US Gas Prices Surge Past $4 Amid Iran Tensions, Oil Hits $100
US gas prices exceed $4 per gallon as Iran tensions drive oil above $100 a barrel, sparking inflation fears and economic ripple effects across Asia.
Trump Ally Warns US Economy Vulnerable to Iran Conflict Oil Spike
A Trump-linked economist warns rising oil prices from Middle East tensions could destabilize the US economy as the Fed grapples with inflation risks.
Triple Pressures Squeeze US Economy as Growth Forecasts Dip
US economic growth forecasts face downward revisions as high inflation, rising unemployment, and slowing productivity create complex challenges for policymakers and global markets.