Key Inflation Gauge Hits Three-Year High As Prices Increase Across Different Sectors Of The Economy

Inflation spiked to its highest level in nearly three years in the first report under new Fed Chair Kevin Warsh, though the report also contained some positive news.

Fed Chair Warsh's preferred inflation measure is showing signs of cooling, though caution is advised regarding its sustainability.

Treasury Appointees Push To Put Trump's Face On A Brand-New $250 Bill Two political appointees at the Treasury Department spent months pressing Bureau of Engraving and Printing staff to develop prototypes for a $250 bill bearing Donald Trump's portrait, even as bureau officials repeatedly warned them the project had no legal foundation and could take nearly a decade to execute properly, the Washington Post reports. U.S. Treasurer Brandon Beach and senior adviser Mike Brown, both political appointees, began pushing bureau staff last year to prepare designs for the note. Beach handed over mock-up materials in August and September, including a design placing Trump's face at the center of the bill, flanked by Trump's and Treasury Secretary Scott Bessent's signatures. The effort would mark the first time a living person appeared on U.S. currency since 1866, and current employees, speaking anonymously out of fear of retaliation, cl