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21.05.26 - 03:57
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New Fed Chair Pledges ′Regime Change′ To Fight Inflation - Here′s What That Could Mean In Practice (ZeroHedge)
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New Fed Chair Pledges 'Regime Change' To Fight Inflation - Here's What That Could Mean In Practice
Authored by Kevin Stocklin via The Epoch Times (emphasis ours),
Newly confirmed Federal Reserve Chair Kevin Warsh, pledging new tactics to fight inflation, faces an uphill battle to keep rising prices in check.
At left is former Federal Reserve Chair Jerome Powell; at right is newly confirmed Federal Reserve Chair Kevin Warsh. Courtesy of the Federal Reserve; Hoover Institution
At his April 21 Senate confirmation hearing, Warsh called for “a regime change in the conduct of policy” at the Fed under former chair Jerome Powell, whose tenure saw annual inflation exceed 8 percent during the Biden administration and has failed since 2021 to keep inflation below its target.
“Once you let inflation take hold in the economy, it's more expensive and harder to bring it down, and so the fatal policy error going back four or five years is still a legacy that we're dealing with,” Warsh stated. “...
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20.05.26 - 16:18
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Slovakia HICP Inflation Rises In April (AFX)
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BRATISLAVA (dpa-AFX) - Slovakia's EU measure of inflation increased in April to the highest level in three months, data from the Statistical Office of the Slovak Republic showed on Wednesday.The E......
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20.05.26 - 15:43
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Hohe Inflation - das neue Normal? (Tagesschau)
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Das deutlich gestiegene Preisniveau in der Eurozone dürfte Experten zufolge länger bestehen als erhofft. Und die Inflation könnte weiter steigen. Hohe Öl- und Gaspreise waren nur der erste Schritt....
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20.05.26 - 15:30
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Jeff Bezos: AI productivity gains could lead to labor shortages and deflation (CNBC)
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Jeff Bezos, Blue Origin founder and Amazon executive chair, joins 'Squawk Box' to discuss the wealth disparity in America, addressing the affordability gap, U.S. tax code, New York's pied-à-terre tax proposal, plans to give away his wealth, future of The Washington Post, his thoughts on President Trump, timeline for data centers in space, the next space frontier, the AI revolution, impact on the workforce and the economy, and more....
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20.05.26 - 15:06
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U.K. Inflation Softens On Lower Energy Bills (AFX)
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LONDON (dpa-AFX) - U.K. consumer price inflation eased more than expected in April reflecting the fall in energy bills due to the price cap but the slowdown is expected to be temporary given the s......
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