The U.S. Senate confirms Kevin Warsh to a 14-year term as a Federal Reserve governor in a 51-45 vote. The chamber has initiated the confirmation process for his concurrent four-year term as Fed chair.

US inflation accelerated in April as rising gasoline and grocery costs outpaced wage growth, according to new data. The report identifies the ongoing conflict between Israel and Iran as a primary driver of the increased consumer prices.

US inflation rose in April as increased gasoline and grocery prices outpaced wage growth, with the report citing the ongoing conflict between Israel and Iran as a contributing factor.

The US Senate confirms Kevin Warsh as a governor on the Federal Reserve Board. Warsh is set to take leadership of the central bank later this week amid ongoing concerns over three-year-high inflation rates.

The US Senate confirmed Kevin Warsh as a governor on the Federal Reserve Board on Tuesday, positioning him to lead the central bank as the economy contends with three-year-high inflation.

US consumer inflation hits three-year high in April, intensifying political pressure on President Trump and the Republican party ahead of the November midterm elections.

US consumer inflation rose in April, marking the highest annual increase in three years and intensifying political pressure on President Trump and the Republican party before the November midterm elections.

President Donald Trump’s Golden Dome missile-defense shield is estimated to cost up to $1.2 trillion, six times higher than initial forecasts, according to a new report. The system faces continued scrutiny regarding its ability to stop an all-out attack.

A new estimate indicates that President Donald Trump’s Golden Dome missile-defense shield could cost up to $1.2 trillion, six times higher than previous forecasts, while raising questions about its effectiveness against a full-scale attack.