A senior US Senate Democrat is pressing Treasury Secretary Scott Bessent for information on whether the department had done planning ahead of the launch of the Iran war on the economic fallout it would generate.
A senior US Senate Democrat is pressing Treasury Secretary Scott Bessent for information on whether the department had done planning ahead of the launch of the Iran war on the economic fallout it would generate.
Federal Reserve Bank of New York President John Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation.
Federal Reserve Bank of New York President John Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation.
Federal Reserve Bank of New York President and CEO John Williams
Federal Reserve Bank of New York President John Williams said risks to inflation and employment from higher energy prices are “in balance” and that he favors holding interest rates steady.
Federal Reserve Bank of New York President John Williams said risks to inflation and employment from higher energy prices are “in balance” and that he favors holding interest rates steady.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. Williams said his forecast is that it will “become appropriate” to cut interest rates “over time,” without clarifying the timing or pace of such moves.
Federal Reserve Bank of New York President John Williams said interest rates were well positioned amid signs of significant supply chain disruptions due to war in the Middle East.
Federal Reserve Bank of New York President John Williams said interest rates were well positioned amid signs of significant supply chain disruptions due to war in the Middle East.
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.
Investors have lifted odds that the Federal Reserve is on the verge of raising interest rates, but lingering labor-market fragility and the risks to growth from surging oil prices make that a long shot, at least for now.
Investors have lifted odds that the Federal Reserve is on the verge of raising interest rates, but lingering labor-market fragility and the risks to growth from surging oil prices make that a long shot, at least for now.
A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 18, 2026. Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.
Federal Reserve Bank of Chicago President Austan Goolsbee said he could envision the US central bank needing to raise interest rates, or returning to rate cuts, depending on how the war in the Middle East plays out.
Federal Reserve Bank of Chicago President Austan Goolsbee said he could envision the US central bank needing to raise interest rates, or returning to rate cuts, depending on how the war in the Middle East plays out.
Federal Reserve Bank of Chicago President and CEO Austan Goolsbee
Treasury Secretary Scott Bessent said Federal Reserve Chair Jerome Powell’s decision to potentially stay on at the US central bank after his term as chair expires in May would go against historic norms.
Treasury Secretary Scott Bessent said Federal Reserve Chair Jerome Powell’s decision to potentially stay on at the US central bank after his term as chair expires in May would go against historic norms.
Treasury Secretary Scott Bessent said the US is looking to remove sanctions that it has long imposed on Iranian oil in an effort to lower surging energy prices triggered by its war in the Gulf, and could also look at a unilateral release of its own reserves.
Treasury Secretary Scott Bessent said the US is looking to remove sanctions that it has long imposed on Iranian oil in an effort to lower surging energy prices triggered by its war in the Gulf, and could also look at a unilateral release of its own reserves.
Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.
Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.
Federal Reserve Chair Jerome Powell during a news conference following a Federal Open Market Committee meeting in Washington on Wednesday, March 18, 2026. Photographer: Kent Nishimura/Bloomberg
When the US Federal Reserve sets interest rates, the process typically involves striking a balance between two goals, price stability and full employment. A sharp increase in energy prices as a result of the Iran war and a rise in the unemployment rate in February risks putting those two goals into conflict. That’s likely to prompt Fed officials to hold interest rates steady at their March 17-18 meeting, though the changes in economic conditions could drive more divisions over which of the two p
When the US Federal Reserve sets interest rates, the process typically involves striking a balance between two goals, price stability and full employment. A sharp increase in energy prices as a result of the Iran war and a rise in the unemployment rate in February risks putting those two goals into conflict. That’s likely to prompt Fed officials to hold interest rates steady at their March 17-18 meeting, though the changes in economic conditions could drive more divisions over which of the two p
Chairman of the US Federal Reserve Jerome Powell Photographer: Al Drago/Bloomberg
Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.
Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.
Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Three Federal Reserve officials said they did not support the US central bank’s decision to cut interest rates this week, citing inflation that remains too high.
The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.
The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.
Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.
Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.
Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Three Federal Reserve officials said they did not support the US central bank’s decision to cut interest rates this week, citing inflation that remains too high.
The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.
The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.
Businesses faced some of the sharpest cost increases in recent years in 2025, as more expensive health insurance prompted firms to hand out smaller pay increases, according to a recent survey by the Federal Reserve Bank of New York.
Businesses faced some of the sharpest cost increases in recent years in 2025, as more expensive health insurance prompted firms to hand out smaller pay increases, according to a recent survey by the Federal Reserve Bank of New York.
Two Federal Reserve officials on Tuesday said the US-Israeli attacks on Iran had introduced another element of uncertainty for policymakers, with the most important question centering on how long energy prices might remain elevated.
Two Federal Reserve officials on Tuesday said the US-Israeli attacks on Iran had introduced another element of uncertainty for policymakers, with the most important question centering on how long energy prices might remain elevated.
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