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Federal Reserve's Goolsby: I wouldn't say I've lost patience with inflation.

2026-08-29

Federal Reserve's Goolsby: I wouldn't say I've lost patience with inflation.

Other News
2026-08-28

Federal Reserve Chair Kevin Warsh said the Fed's 2% PCE target is a firm, fixed objective.

Federal Reserve Chair Kevin Warsh said the Fed's 2% PCE target is a firm, fixed objective.
2026-08-29

U.S. Treasury Secretary Scott Bessent, in a letter to Senator Elizabeth Warren on Aug. 27, defended last month’s use of the Exchange Stabilization Fund (ESF) to intervene in the yen. He warned disorderly yen swings could force Japan — a major holder

U.S. Treasury Secretary Scott Bessent, in a letter to Senator Elizabeth Warren on Aug. 27, defended last month’s use of the Exchange Stabilization Fund (ESF) to intervene in the yen. He warned disorderly yen swings could force Japan — a major holder of U.S. Treasures — into forced selling, destabilize global markets and ultimately push up borrowing costs for U.S. households and firms. Bessent declined to disclose the size of the intervention, confirmed the ESF used existing foreign-currency assets to buy yen and said officials had considered using euros. He said the action was lawful and that the U.S. provided no credit to Japan. Japan spent a record $96.4 billion last month defending the yen.
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