From Jackson Hole, Wyoming: Federal Reserve Chair Kevin Warsh has suggested that interest rates may need to be raised in the coming months to bring down inflation. He stated that inflation is still too high, despite recent data showing a slight cooldown. Warsh emphasized the need to be confident that underlying inflation is moving towards the Fed's objective at a sufficient speed.
Further details about Warsh's economic outlook are available from his speech at the Fed's annual conference.
The Fed chair's comments come as he faces high stakes in his new role, having replaced Jerome Powell on May 22.
Stillwater voters are now seeing where a $175 million school facilities plan approved in 2023 went. Two new elementary schools have opened in the district, including Lake Elmo Elementary School. The school opened in August and includes wide open spaces, flexible classrooms and an...
Buxton had hoped to return for the Twins’ playoff push, but will undergo season-ending surgery on his right hip. He is expected to be ready for the start of the 2027 season....
Newly unsealed search warrants show investigators traced extensive gunfire through Shoreline Plaza after a mass shooting last week. A Minnesota Bureau of Criminal Apprehension (BCA) evidence log filed with search warrants details what investigators collected in the hours after th...
Gunman Carlton Johnson III got off at least 25 shots while killing two people and wounding others before police fired even more, according to court filings....
Americans commemorated the 25th anniversary of 9/11 on Friday, remembering the shock, the dead and the sweeping consequences of the al-Qaida attacks on symbols of U.S. might and prosperity....
Fire crews are at Apple Valley Community Center on Friday afternoon after an apparent fire response. Chopper 5 showed several fire engines and firefighters at the building in the 4 o’clock hour, with hoses outstretched and water flowing toward the top of one of the buildings. A p...
Fire crews are at Apple Valley Community Center on Friday afternoon after a fire was spotted atop the building. Chopper 5 showed several fire engines and firefighters at the building in the 4 o’clock hour, with hoses outstretched and water flowing toward the top of one of the bui...
