Christopher Rugaber

FILE – A motorist pumps fuel at a Shell station Wednesday, July 5, 2023, in Englewood, Colo. (AP Photo/David Zalubowski, File)

Key inflation gauge worsens as Americans’ income and spending power erodes

May 28, 2026 at 4:39 p.m.

A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances.

Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (AP Photo/Jose Luis Magana)

Senate confirms Trump pick Kevin Warsh as chairman of the Federal Reserve, following Powell

May 13, 2026 at 2:12 p.m.

The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the...

The per-gallon prices for regular unleaded and diesel fuel are displayed on a sign outside a Murphy Express gasoline station, Tuesday, April 28, 2026, in Centennial, Colo. (AP Photo/David Zalubowski)

Lower-income Americans hit hardest by gas price spike, widening inequalities

May 6, 2026 at 11:04 a.m.

Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy’s economic...

Federal Reserve Board Chairman Jerome Powell leaves after the International Monetary and Financial Committee (IMFC) meeting during the World Bank/IMF spring meetings at the IMF headquarters in Washington, Friday, April 17, 2026. (AP Photo/Jose Luis Magana)

Justice Department drops criminal probe into Federal Reserve chair Jerome Powell

April 24, 2026 at 5:27 p.m.

The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor.

FILE – Kevin Warsh speaks to the media about his report on transparency at the Bank of England, in London, Dec., 11, 2014. (AP Photo/Alastair Grant, Pool, File)

Fed nominee pledges inflation fight even as Trump renews demands for rate cuts that could worsen it

April 21, 2026 at 10:43 a.m.

Donald Trump's nominee to lead the Federal Reserve pledged to fight inflation at a hearing Tuesday even as the president renewed his demands for interest rate cuts that could worsen it.

FILE – Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson, File)

Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell

April 15, 2026 at 12:32 p.m.

Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according...

Red & White Crisp Rice cereal is sold for $7.25 per 18-ounce box at a market serving the Central American immigrant community in the Westlake/Pico Union area of Los Angeles, Tuesday, April 7, 2026. (AP Photo/Damian Dovarganes)

Soaring gas prices leads to biggest monthly inflation spike in four years in March

April 10, 2026 at 8:21 a.m.

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve.

Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass. (AP Photo/Charles Krupa)

More Federal Reserve officials see possible rate hikes this year, minutes show

April 8, 2026 at 1:41 p.m.

The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran...

Shoppers shop at a grocery store in Schaumburg, Ill., Monday, Feb. 9, 2026. (AP Photo/Nam Y. Huh)

Key inflation gauge worsened in January, before Iran war lifted gas prices

March 13, 2026 at 8:20 a.m.

An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in...

FILE- In this Oct. 29, 2014, file photo honoree Perry Sook, Chairman, President and CEO of Nexstar Broadcasting Group, attends the 24th Annual Broadcasting and Cable Hall of Fame Awards at the Waldorf-Astoria in New York. (Photo by Evan Agostini/Invision/AP, File)

Donald Trump praises Nexstar-Tegna broadcast television deal he once opposed

February 7, 2026 at 1:34 p.m.

President Donald Trump on Saturday endorsed Nexstar Media Group’s $6.2 billion purchase of broadcast rival Tegna, an apparent reversal from earlier criticism of the deal.

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