Podcast: Unpacking the Post-COVID Economic Recovery

The Senate voted 54-45 to confirm Kevin Warsh as the next chairman of the Federal Reserve. The Senate confirmed his appointment to the Fed board on Tuesday.

The Producer Price Index for final demand increased 1.4% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. On an unadjusted basis, the index for final demand rose 6% for the 12 months ending in April.

Roughly 6% of U.S. adults were unbanked last year, a figure that has held steady since 2021. The Fed survey also polled respondents on experience with scams, credit availability and cryptocurrency use.

The NFIB Small Business Optimism Index rose 0.1 points in April to 95.9, below its 52-year average of 98 for the second consecutive month, according to NFIB. The Uncertainty Index fell four points from March to 88, remaining...

Household debt increased by $18 billion, or just 0.1%, to hold steady at $18.8 trillion in the first quarter of 2026, the Federal Reserve Bank of New York reported in its most recent Quarterly Report on Household Debt...

Persistent upward inflation reinforces expectations that interest rates will remain higher for longer, supporting loan yields but margins will remain pressured as funding costs remain competitive, ABA economists said.