Politics

Fed’s Barr skeptical that inflation has been tamed

Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers' inflation expectations.

By John Heltman
Washington Bureau Chief
American Banker

Supreme Court to hear Fed Gov. Cook case in 2026

The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.

By Maria Volkova
Reporter
National Mortgage News