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Feb 22, 2024

Neel Kashkari and the Fed’s inflation fears

Why is it taking so long for the Federal Reserve to cut interest rates? Neel Kashkari of the Minneapolis Fed explains inflation fears.

“I think our fear of high inflation is well warranted,” Minneapolis Fed president says
by Kai Ryssdal and Sean McHenry
John Lamparski/Getty Images
Neel Kashkari weighs in on the state of the economy and what’s left to bring inflation down to the Fed’s 2% target.
Why Amazon is replacing Walgreens Boots Alliance on the Dow Jones
by Kristin Schwab
Ethan Miller/Getty Images
A Dow Jones committee considers company growth and investor interest when deciding which stocks to include in the index.
How the budget fight in Congress threatens federal wildland firefighters’ pay
by Savannah Peters
Ringo Chiu/AFP via Getty Images
Federal firefighters make as little as $15 an hour. A permanent boost has bipartisan support, but it’s tied up in Congress’ budget fight.
The US is known for designing chips, not making them. Can the CHIPS Act funding change that?
by Stephanie Hughes
Jim Watson/AFP via Getty Images
This week, the Biden administration said it’s awarding $1.5 billion to chipmaker GlobalFoundries to expand its manufacturing here, in the largest grant under the CHIPS Act so far.
The federal government wants to sell off its helium reserve. Some industries are pushing back.
by Henry Epp
Alain Jocard/AFP via Getty Images
Congress decided to sell it off before demand for helium skyrocketed, thanks to MRIs and semiconductor chipmaking.