The Washington Inquisitor
Federal Reserve
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Consumer prices rose 0.4% in October and 6.9% over two years, led by gasoline and Midwest electricity, BLS data show
With no annual inflation rate this month because of last year’s shutdown, a review of Bureau of Labor Statistics index data shows prices up 6.9% since October 2024, with gasoline up 35%…
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Fed expected to hold rates steady as inflation runs near 4%
The Federal Reserve is expected to keep its benchmark rate at 3.75% to 4% at 2 p.m., a month after its first hike since 2023, with markets pricing about a 75% chance…
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Fed opens two-day meeting with markets expecting a hold after September’s rate increase
Futures traders price a nearly 90% chance the Federal Reserve keeps its benchmark rate at 3.75% to 4% on Wednesday, with a December hike still in play after a 3.7% inflation reading.
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Powell votes as a Fed governor this week as Warsh’s committee weighs its next rate move
Jerome Powell (Georgetown Law ’79), chair until May, sits at the Oct. 27–28 FOMC meeting as one of 12 voters under Chairman Kevin Warsh, after September’s quarter-point increase to 3.75%–4%.
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Trump’s committee of inquiry on Fed Governor Lisa Cook sets a Nov. 5 hearing; her lawyer seeks a later date
President Trump’s committee of inquiry into Fed Governor Lisa Cook has scheduled a closed hearing at the White House on Nov. 5, which the White House says goes beyond what the Supreme…