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Modalità di lettura

Warsh Vows to Tame Inflation as A.I. Delivers ‘Shock’ to Economy

The Federal Reserve chairman stuck to his pledge to avoid providing guidance about the path forward for interest rates, but did nothing to convey an urgency to raise them later this month.

© Athit Perawongmetha/Reuters

Federal Reserve Chairman Kevin Warsh speaking at an event during the IMF and World Bank annual meetings in Bangkok, Thailand, on Friday.
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Rising Interest Rates Bite Some Wall St. Banks

JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.

© An Rong Xu for The New York Times

JPMorgan earned $15.3 billion in profit, falling short of analysts’ expectations.
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