latest news in economy
New Federal Reserve Chief Refuses to Rule Out Further Interest Rate Hikes
Washington, D.C., Thursday, 23 July 2026.
In his first congressional testimony, Federal Reserve Chair Kevin Warsh asserted strict independence, refusing to rule out further interest rate hikes despite political pressure and cooling inflation.
Why Standard Economic Metrics Underestimate China’s Industrial Power
Beijing, Thursday, 23 July 2026.
Traditional GDP metrics overlook China’s physical dominance, highlighted by its power generation doubling that of the U.S., signaling a massive structural advantage in manufacturing and artificial intelligence.
How the New Federal Reserve Chief Plans to Change the Fight Against Inflation
Washington, Thursday, 23 July 2026.
By repeatedly declaring “inflation is a choice,” new Fed Chair Kevin Warsh signals a major policy regime shift, asserting the central bank must take full responsibility for rising prices.