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Fed official warns inflation is still too high

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed official: Inflation still too high in ‘all aspects’ of economy Neel Kashkari, the president of the Federal Reserve’s Minneapolis branch, said Sunday that inflation is “still too high,” days after the central bank raised interest…

Bessent says he has ‘great confidence’ in Warsh after Fed raises rates

Treasury Secretary Scott Bessent said Monday he has “great confidence” in Federal Reserve Chair Kevin Warsh after the central bank raised interest rates by a quarter point against the wishes of President Trump. “I have great confidence in Chair Warsh,” Bessent told host Joe Kernen on CNBC’s “Squawk Box.” “More importantly, the president has great…

Saturday, October 17, 2026

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