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US producer prices post biggest gain in four years in April

WASHINGTON, May 13 (Reuters) - U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran. The Producer Price Index for final demand surged 1.4% last month after... Read More.

Warsh has big plans for the Fed, but results may take time

By Howard Schneider and Ann Saphir WASHINGTON, May 13 (Reuters) - Fifteen years after leaving the Federal Reserve in opposition to an expansive bond-buying program that has since saddled it with a $6.7 trillion portfolio, Kevin Warsh is expected to return as the U.S. central... Read More.