“Buy now, pay later” loans were originally promoted as a way to help consumers afford small purchases, such as electronics and clothing. Now, financial firms are also pushing the loans as a means for people to cover essential expenses, such as rent, groceries, electricity bills and even medical costs. Consumer advocates warn that using BNPL…
Canada on Tuesday announced that it is imposing tariffs of up to 50% on about $20 billion of U.S. imports, aiming to match the Trump administration’s recently announced import duties on Canadian imports. “Today, I’m announcing Canada will match the U.S. tariffs dollar for dollar, up to 50% on $27.6 billion of imports from the…
Washington — Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday that the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic that came to a head in recent days between the historically allied countries continue. “The longer there’s back and forth on the trade front, just like…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on “Face the Nation with Margaret Brennan” on Aug. 23, 2026. MARGARET BRENNAN: For more on what’s next for the American economy, we’re joined by Neel Kashkari, President and CEO of the…
The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation. AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
As back-to-school season approaches, families will face higher prices for supplies and other costs for the upcoming academic year, a new analysis found. The cost of a typical basket of school items, including notebooks, lunch boxes and index cards, is up nearly 8% this year compared to 2025, according to research from The Century Foundation, a…
Thirty percent of Americans say they’ve shoplifted this year, up from 24% in 2024, with many citing financial strain tied to inflation, according to new research from financial site LendingTree. About 90% of those who admitted to shoplifting cited affordability concerns and the broader economy as among the drivers of their thefts, according to the LendingTree…
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries. The new tariffs — laid out in a series of proclamations signed by Mr. Trump on Monday — are set to take effect on Aug. 19. The White House…
