Matt Grossman

April's retail sales data sent a reassuring signal Thursday morning: Despite rising gasoline prices, consumers aren't dramatically pulling back from spending in other areas. Overall, sales were up 0.5% last month compared with March, after rising by 1.6% the month before, according to the Commerce

Sales growth slowed for U.S. retailers in April, damped by a cooler increase in gasoline prices as the Iran conflict continued.

Stephen Miran resigned from the Federal Reserve's board of governors Thursday, vacating a seat on the seven-member board that Kevin Warsh will fill as he takes over as the Fed's 17th chair. Miran sent a resignation letter to President Trump on Thursday, setting his departure effective as of Warsh's

Matt Grossman, Peter Santilli Kevin Warsh won the Fed chair nomination with a double-barreled policy agenda for the central bank: lower interest rates and a smaller Fed balance sheet.

The next Fed chair wants lower rates. But the data might make that impossible.

The next Fed chair wants lower rates. The data might make that impossible. We broke down what Kevin Warsh inherits as he steps into the role:

The White House formally sent its nomination of Brett Matsumoto to the Senate for consideration as the next commissioner of the Bureau of Labor

Higher gasoline prices and the tense standoff in the Middle East helped push consumer sentiment to a new all-time low in May, with rising anxiety about future inflation, according to the University of Michigan's monthly survey. The survey's headline index declined to 44.8 this month, from April's 4

Christopher Waller, a Federal Reserve governor who favored a rate cut as recently as January, said Friday that growing inflation risks mean the Fed should no longer be defaulting to plans for further rate cuts at all. In a lecture delivered in Frankfurt, Waller said that as the conflict in the Midd

President Trump encouraged the new Fed chair to operate independently. Then, he signaled what he’d like to see.