Megan Leonhardt

The Fed official supported the move September but believes it isn’t enough.

Federal Reserve Governor Lisa Cook warns that shortages of materials and skilled workers could prolong inflationary pressure from the AI buildout.

Tom Barkin, Susan Collins and Jeffrey Schmid backed September’s rate increase and said inflation remains a concern as the labor market holds steady.

The number of Americans filing for initial unemployment benefits remained below 200,000 for the third week in a row, an exceptional feat not recorded in over 50 years.

The inspector general found that the Fed’s Board of Governors failed to take actions that would have mitigated significant cost overruns.

The latest inflation and economic growth data beat expectations, largely because of methodological changes, potentially easing pressure on the Federal Reserve to raise interest rates again.

Headline inflation may have come in cooler in August after the methodology updates, but monthly price growth remained persistent.

The cooler reading for August is good news, but much of that was due to changes in the methodology, rather than a significant cooldown in inflation trends.

PCE inflation data, which the Fed uses to assess progress toward its 2% target, was revised going back several years on Wednesday.

The BEA on Wednesday reported that while updates to GDP estimates didn’t dramatically change the overall picture of the economy, the average annual growth rate was revised up.

Inflation was cooler than expected for August when excluding energy and food prices.

The Fed’s benchmark inflation gauge showed that inflation was softer last month, but will likely keep pressure on the Fed to further tighten monetary policy.

The U.S. economy grew faster in the second quarter than previously estimated.

A change in how the government measures several prices could complicate the next inflation report–and the Federal Reserve’s read on whether price pressures are easing.

New York Fed President John Williams sees one more rate increase this year but says officials have time to assess incoming inflation data.

McKinsey Global Institute estimates 11 million American workers will need to find different jobs in the next decade, but another 41 million jobs will be added.

St. Louis Fed President Alberto Musalem says the central bank should explain how it determines policy decisions rather than reduce communications.

Cleveland Federal Reserve President Beth Hammack is worried that the effects of persistently high inflation are starting to change how consumers and businesses think about longer-term costs.

“The current level of bond yields does not pose a threat to economic growth,” says Sonal Desai, global chief investment officer for Franklin Templeton Fixed Income.

New research shows the technology is creating roles rather than wiping out white-collar work.