Federal Reserve Governor Stephen Miran on Wednesday sharply challenged the widespread view that tariffs are a significant cause of inflation, stating he sees no evidence in the data that they are a “material driver” of rising consumer prices. Tariffs Not A ‘Material Driver’ For Inflation Speaking at the MFA Policy Outlook 2025 conference, Miran outlined a data-driven case against the...

WASHINGTON (Reuters) -New Federal Reserve Governor Stephen Miran may not have won converts to his call for steep interest rate cuts at last month's policy meeting, but his inaugural session has stirred fresh debate about how much rates are restricting the economy and the risks involved in getting that assessment wrong. Minutes of the September 16-17 meeting due out on...

With the U.S. government shutdown still clouding official labor statistics, alternative data from private firms and banks is sending a clear message: the labor market is cooling, and markets are betting big that the Federal Reserve will respond with another rate cut at its Oct. 30 meeting. The absence of the September jobs report from the Bureau of Labor Statistics...

A lawsuit filed by Illinois Attorney General Kwame Raoul underscores the risks to Chicago's economy and finances from President Trump's attempt to use U.S. cities as training grounds for the military. The city of Chicago has joined the lawsuit against Trump administration officials over the federalization of 700 National Guard troops and their deployment to Chicago alongside Immigration and Customs...