At a recent conference held by the National Association for Business Economics, St. Louis Federal Reserve President Alberto Musalem expressed his concerns regarding the rising risks of inflation. His keynote address highlighted a critical observation: while he anticipates that inflation will gradually align with the Federal Reserve’s long-term target of 2%, he recognizes the tangible
Finance
As Congress grapples with the potential extension of several extraordinary tax breaks worth trillions, fierce debates among lawmakers illuminate differing perspectives on the anticipated benefits. At the heart of these discussions lies a crucial question: who will truly benefit from prolonging the tax cuts? Many economists argue that the answer is nuanced and largely contingent
Warren Buffett, one of the most respected investors in the world, recently addressed the topic of tariffs imposed by President Donald Trump, offering a rare glimpse into his views on economic policy. During an interview with CBS News, Buffett referred to tariffs as potentially damaging actions, likening them to a form of economic warfare. His
In a bizarre incident that shook the foundations of operational integrity within a major financial institution, Citigroup found itself in hot water last year when it accidentally credited a customer’s account with an unbelievable sum of $81 trillion. The original intention was to transfer a mere $280. This astronomical misstep—reported first by the Financial Times—occurred
The Consumer Financial Protection Bureau (CFPB) has sparked controversy after recently dismissing multiple enforcement lawsuits initiated by the previous administration under former Director Rohit Chopra. This shift is particularly iconoclastic considering the agency’s previous commitment to vigorously protect consumers. Under the stewardship of acting Director Russell Vought, significant operational changes have unfolded, indicating a decisive
The recent confirmation hearing for Jonathan McKernan, selected by President Trump to lead the Consumer Financial Protection Bureau (CFPB), offered a stark insight into the future of consumer protection regulation in the United States. As partisan tensions simmered, the scrutiny placed on McKernan by Democratic senators underscored concerns about the integrity and direction of the
The ongoing tussle between the White House and various state governments illustrates a pressing challenge in the realm of home energy efficiency initiatives. With a significant allocation of federal funds set aside through the Inflation Reduction Act of 2022, many consumers across the U.S. are facing delays or outright halts in rebate programs designed to
In recent times, gold has attracted considerable attention from investors amid rising prices, notably increasing by a striking 11% in 2025. As of mid-Tuesday, this upward trend had also marked a remarkable 42% return over the past year. Meanwhile, gold futures are experiencing a remarkable gain of around 10% year-to-date and a staggering 36% rise
Berkshire Hathaway, the investment conglomerate led by the legendary Warren Buffett, has recently caught the attention of investors after reporting impressive operating earnings in its latest financial report. While the surge in profits is certainly a positive development, a shadow of uncertainty looms over the vast cash reserves that the company maintains. Shareholders looking for
The Federal Reserve (Fed) finds itself at a crossroads amidst a sea of economic perplexities. While policymakers assert that monetary strategies are “well-positioned” to adapt to potential volatility, an underlying truth may suggest they’re more entrenched than adaptable. The sentiment in Washington echoes a duality: an air of optimism spurred by potential regulatory shifts alongside