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Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
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Fauci stonewalled the Senate Homeland Security Committee, invoking the Fifth Amendment over 100 times, as lawmakers grilled him on COVID-19's origin and details in a personal diary that chronicled his transformation from government official to celebrity as millions of Americans suffered from the disease.
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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCDow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates ForbesU.S. Stocks Slide After Fed Pause, Escalation in Iran War wsj.com
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The city's largest business advocacy group, the Partnership for New York City, is putting together a plan for action.
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