Recent articles
May 22, 2026
Trump to Fed chair Warsh: "Don't look at me, don't look at anybody"
The Warsh era begins with soaring inflation, a Middle East energy shock bleeding into other parts of the economy and colleagues skeptical that rate cuts should come anytime soon.Add on top: Kevin W...
www.axios.com
May 20, 2026
Trump gives blasé response to rate hike possibility
President Trump has spent much of his term bashing outgoing Federal Reserve chair Jerome Powell for not cutting interest rates enough. On Tuesday, he seemed surprisingly blasé about the possibility...
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May 18, 2026
Kevin Warsh's bond market bind
Kevin Warsh hasn't even been sworn in as leader of the Federal Reserve yet, and his first great test has already arrived.The big picture: Global bond markets are sending borrowing costs markedly hi...
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May 15, 2026
How Jerome Powell navigated pandemic, inflation and Trump
In his eight years at the helm of America's central bank, Jerome Hayden Powell has guided the U.S. economy through extreme tumult and fought off unprecedented presidential efforts to undermine the ...
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May 13, 2026
Kevin Warsh confirmed to lead Federal Reserve
Kevin Warsh has been confirmed as the 17th leader of the Federal Reserve, becoming America's economist-in-chief at a moment of resurgent inflation, public discontent with the economy and unpreceden...
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May 13, 2026
The U.S. inflation problem is getting worse
Data: Bureau of Labor Statistics; Chart: Neil Irwin/AxiosAmerica's inflation problem is getting worse, not better, as 2026 progresses. New wholesale price data — on the heels of Tuesday's consumer ...
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May 4, 2026
What is, and isn't, worrying about 100% debt to GDP
Data: Bureau of Economic Analysis and Treasury Department; Chart: Neil Irwin/AxiosThe United States has crossed a symbolic milestone: The national debt is now larger than its gross domestic product...
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April 30, 2026
Kevin Warsh's challenges become clear after Fed chair Powell's last hurrah
When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely.His predecessor will also still be roaming the halls.Why it mat...
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April 29, 2026
Fed holds rates steady amid the most dissents in decades
The Federal Reserve left interest rates steady in what was almost certainly Jerome Powell's final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years.The b...
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April 24, 2026
How a swap line for Persian Gulf allies would break with the past
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz's closure, it will amount to a n...
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April 21, 2026
What to look for in Kevin Warsh's big day on Capitol Hill
At Kevin Warsh's Fed confirmation hearing today, Republicans will cast him as a change agent ready to shake up a tradition-bound institution.Driving the news: In remarks introducing Warsh obtained ...
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April 17, 2026
The Strait of Hormuz is opening for business
The blockage to energy supplies through the Persian Gulf appears to have ended. If it holds, it takes a massive weight off the world economy.Why it matters: The possibility of a prolonged disruptio...
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April 12, 2026
Why inflation is the economic problem of the decade
It increasingly looks as if the inflation problem that emerged five years ago wasn't a one-off event, but the defining economic challenge of the decade — and Americans don't like it one bit.The big...
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April 1, 2026
The American consumer stands firm
Data: Census Bureau; Chart: Neil Irwin/AxiosWe don't know yet how the Iran war and the resulting surge in energy prices will ripple through the U.S. economy. We do know that American consumers were...
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March 30, 2026
America's less energy-intensive economy braces against Iran war shock
Data: Axios analysis of Energy Information Administration and Bureau of Labor Statistics data; Note: March 2026 measure assumes most recent weekly gasoline price reading ($3.96) and average hourly ...
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March 28, 2026
Consumers are getting hit from all directions
Americans desperately want day-to-day life to be more affordable. Right now, they aren't getting it.The big picture: The pinch of high prices for food, energy, housing and more has driven seismic s...
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March 27, 2026
Borrowing costs are surging amid Iran war
Data: Federal Reserve; Chart: Neil Irwin/AxiosThe Iran war is sending longer-term borrowing costs surging amid prospects for higher inflation, fewer Federal Reserve rate cuts and more federal borro...
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March 22, 2026
Washington ignores America's fiscal cliff
The United States faces a dire and unsustainable fiscal outlook. You'd never know it from the action in Washington.Across parties and policy areas, you'd never guess that the U.S. faces fiscal cons...
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March 20, 2026
Global trade grew in 2025 despite Trump tariffs, two reports show
If you only read the headlines, you might guess that global trade came to a standstill in the last year as the U.S. put into place a new tariff regime. You would be 180 degrees wrong.The big pictur...
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March 18, 2026
Higher energy prices might eat your tax refund, economists say
What the taxman giveth, the energy shock taketh away. That's the upshot of the arithmetic around how much the average American household is on track to pay for higher gasoline prices this year.Why ...
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March 15, 2026
The Iran war is a new test of America's economic superpower
If you predicted the U.S. would fall into recession due to the latest headlines, the last few years have made you look dumb. Through interest rate increases, armed conflict in Europe and a trade wa...
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March 12, 2026
What it will mean for the economy if the Strait of Hormuz stays closed
With shipping traffic at a near halt at the Strait of Hormuz, the possibility of prolonged disruption to supplies of oil and other important commodities has grown.The big picture: If the military s...
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March 9, 2026
The Iran war's economic blowback is getting real
Data: Financial Modeling Prep; Chart: Axios VisualsIn the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to...
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March 5, 2026
Iran war adds new layer to supply chain stress
When war breaks out, micro issues have a way of quickly becoming macro issues. Specific blockages and bottlenecks tend to cause broad supply disruptions and price pressure.And so it is with the war...
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