When it comes to what Americans can afford, no institution looms larger than the Federal Reserve. The nation’s central bank doesn’t set the price of groceries, cars or homes directly. But it does influence how expensive it is to borrow money – and that can make a significant difference in…

Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…

President Donald Trump pushed back Monday on his own energy secretary’s claim that a return to $3-a-gallon gas will not come through the end of the year. “No, I think he’s wrong on that, totally wrong,” Trump told The Hill on Monday, when asked about Energy Secretary’s Christopher Wright’s interview…

Amanda Cruz thought she was playing it safe, as the New Jersey real estate agent recently placed an offer for a client at $150,000 over the asking price — a figure she feared was “a little bit high for the market.” It turns out she wasn’t even close.”Someone else came…

Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is set to deliver a pointed message to lawmakers Tuesday: the Fed must stay independent on interest rates, but not above accountability. In prepared remarks obtained by FOX Business, Warsh vows to keep monetary policy “strictly independent,” while making…

Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…

Apple’s senior vice president of Hardware Engineering, John Ternus, is set to take over as the tech manufacturer’s CEO later this year after current chief executive Tim Cook announced on Monday that he would be stepping down. Cook will transition to executive chairman of the company’s board of directors. The…

FIRST ON FOX: Senate Banking Committee Chairman Tim Scott, R-SC, said he expects Federal Reserve Chairman candidate Kevin Warsh to successfully move through the Senate confirmation process, despite opposition from Democrats in the higher chamber.  Warsh was nominated by President Donald Trump in January to chair the Federal Reserve Board…

Red Lobster is bringing back its famous “Endless Shrimp” promotion starting Monday, marking a surprising revival of one of its most recognizable all-you-can-eat offerings. The deal will return for a limited time at select locations, the company said. One Red Lobster location told FOX Business that the new offering will…

A bipartisan pair of senators sent a letter to the CEOs of United Airlines and American Airlines expressing concerns about the possibility of a proposed merger between the two air carriers and requested more information about the impact of a possible deal. The letter was sent by Sens. Elizabeth Warren,…