Bessent defends Warsh, saying markets are going through ‘detox’ from too much Fed guidance
The Treasury secretary questioned the need for an interest-rate hike.
The Treasury secretary questioned the need for an interest-rate hike.
24 July 2026 Compared with May 2026: median consumer perceptions of inflation over the past 12 months decreased significantly, as did median expectations for inflation over the next 12 months. Median expectations for inflation three years ahead decreased slightly, while median expectations for inflation five years ahead remained unchanged; expectations for nominal income growth over…
President Donald Trump on Friday said his administration will launch a trade probe into the European Union that will cancel hefty fines levied against U.S. tech giants and likely result in a “substantial” tariff on the 27-member bloc. Trump, in a lengthy Truth Social post, accused the EU of “‘ROBBING’ American Companies and, in turn,…
Statistical Notice Background The Bank of England would like to remind firms that the updated Bank of England Statistics Taxonomy v1.3.1 is due for LIVE submissions relating to end-May data, due from mid-June 2026. This update follows the release of the public working draft and subsequent feedback received from firms. The updated taxonomy includes technical…
China surprised everyone Tuesday night by acknowledging GDP growth well below 5 percent. The official rate is 4.3 percent for the second quarter and 4.7 percent for the first half, to just over $10.1 trillion. More interesting than most such announcements, but not especially important. The important question is whether the true situation is somewhat worse than…
Thursday, August 7, 2025 How GAO Serves Congress On this special episode of the podcast, we sit down with GAO’s Managing Director of Congressional Relations Nikki Clowers to discuss how GAO serves Congress.
Monday, September 8, 2025 Sanctions and Export Controls on Russia In the wake of the invasion of Ukraine, the United Statesand its allies responded with wide-ranging sanctions and export controlson Russia. What impact have these actions had on Russia’s economy andits war efforts and have sanctions achieved their intended results? Welearn more from GAO’s Nagla’a…