Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.
Shoppers on Fifth Avenue in New York, US, on Thursday, May 14, 2026. US inflation accelerated in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers. Photographer: Victor J. Blue/Bloomberg
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
The Federal Reserve on Friday named Jerome Powell the temporary chair of the Board of Governors until his successor Kevin Warsh is officially sworn in, the central bank said in a statement.
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.
Federal Reserve Bank of Boston President Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.
Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering over wording in the Fed’s post-meeting statement that suggested the central bank would eventually resume rate reductions.
Federal Reserve Bank of Boston President Susan Collins.
Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering over wording in the Fed’s post-meeting statement that suggested the central bank would eventually resume rate reductions.
Federal Reserve Bank of Boston President Susan Collins.
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. 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. Photographer: Michael Nagle/Bloomberg
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. 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. Photographer: Michael Nagle/Bloomberg
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. 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. Photographer: Michael Nagle/Bloomberg
Kevin Warsh said he will be an independent actor as head of the Federal Reserve.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting. Photographer: Graeme Sloan/Bloomberg
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Guillermo Tolosa, chairman of the Central Bank of Uruguay, during an interview at the bank headquarters in Montevideo, Uruguay, on Monday, March 31, 2025. Tolosa said that Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices
The message from US Treasury Secretary Scott Bessent to his fellow economic policymakers a year ago came as a welcome surprise — that “America First does not mean America alone” and that the US is “doubling down on our engagement with the international economic system.”
US Treasury Secretary Scott Bessent on April 15 in Washington.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Guillermo Tolosa, chairman of the Central Bank of Uruguay, during an interview at the bank headquarters in Montevideo, Uruguay, on Monday, March 31, 2025. Tolosa said that Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices