When he was confirmed, Democratic lawmakers had said Warsh would be Trump’s “sock puppet” and many Fed watchers expected him to carry out Trump’s persistent demands to slash rates. Trump had been heavily critical of Warsh’s predecessor Jerome Powell for not cutting them. Asked on Wednesday about the message the rate hike sent to Trump,
➡️ Did someone forward this email to you? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. ONE BIG THING Sam Altman: Safety standards ‘not at a place’ to push AI capabilities much further OpenAI CEO Sam Altman sits down with Fortune‘s Editor-in-Chief
Following the Federal Reserve is the closest thing market-watchers have to an ongoing soap opera. The “will they / won’t they” push-and-pull around interest rates can turn on a dime, depending on the day’s news. The central bank’s next move is always under a microscope. But for the entirety of 2026 so far, the Fed
Singapore is overhauling its landmark baby bonus scheme, first introduced in 2001, as the city’s fertility rate and number of births fall to record lows. In 2025, births in the Southeast Asian country fell below 30,000 for the first time in its post-independence history, while the fertility rate dropped to just 0.87 per woman, a
Long-term borrowing costs in the US rose again despite an announcement from the government that it would intervene to try to lower them. Earlier this week, the Treasury Department said it would buy back more debt in a bid to lower rates being charged by investors on global bond markets, which governments and major corporations
WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported
