Scott Horsley
Stories
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Trump's pick to lead the Fed says he'd like to see 'regime change' in its policies
President Trump's pick to lead the Federal Reserve went before a Senate committee today — but Kevin Warsh's confirmation could be held up by forces that are outside his control.
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3 things to know about Fed chair nominee Kevin Warsh
President Trump's pick to lead the Federal Reserve goes before a Senate committee today — but Kevin Warsh's confirmation could be held up by forces that are outside his control.
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Iran says Strait of Hormuz is open
Iran said the Strait of Hormuz is now open to all commercial traffic. We examine the possible global economic repercussions should oil and gas shipments start flowing again in significant numbers.
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Once again Trump threatens to fire Fed Chair Jerome Powell
President Trump once again threatened to fire Federal Reserve Chair Jerome Powell, and doubled down on a discredited probe of the central bank.
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Inflation surges to highest level in nearly 2 years as energy costs spike
Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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Inflation expected to climb to highest level in 2 years
The federal government delivers a cost-of-living report Friday. A spike in gasoline prices triggered by the war with Iran is expected to push inflation to its highest level in nearly two years.
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How an ancient resin traded for centuries got snarled up by the Iran war
It's not just energy supplies that have been disrupted by the Iran war. It's also hitting frankincense, a commodity that's been defining trade routes in the Middle East for thousands of years.
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Financial markets welcome Iran cease-fire but caution remains
Stocks rallied Wednesday on news of a two-week cease fire in the U.S. war with Iran. It could take some time, though, before drivers feel relief at the gas pump.
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The labor market springs back to life in March as employers add 178,000 jobs
The U.S. job market perked up last month as employers added 178,000 jobs. The unemployment rate dipped to 4.3%, mainly because the number of people seeking work declined.
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War with Iran continues, raising big concerns across the economy and markets
Financial markets were not reassured by President Trump's address to the nation. Stocks tumbled while energy prices climbed. The shooting war adds to the economic fallout from Trump's trade war.
