Trump WH Aims to Boost Diesel Supply Amid Price Surge
The Trump administration is working to get more diesel into the market as fuel prices surge amid global turmoil tied to the Iran war, Energy Secretary Chris Wright said Monday.
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Fed's Goolsbee More Worried About Inflation Than Jobs
Chicago Federal Reserve President Austan Goolsbee said Monday he is increasingly focused on inflation risks over labor market weakness, even as geopolitical tensions show tentative signs of easing.
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High Gas Prices Are the Least of Our Problems
Most economists believe a significant increase in oil prices instigated by the war with Iran shouldn't cause a recession.
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Fed's Miran Still Believes Fed Should Cut Interest Rates
Federal Reserve Governor Stephen Miran said Monday it's premature to draw conclusions about how surging oil prices will affect the U.S. economy, as he stuck to his guns and argued a softening jobs market requires more rate cuts from the central bank.
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US Construction Spending Unexpectedly Falls in January
U.S. construction spending unexpectedly fell in January amid broad weakness in private projects, government data showed.
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Energy Chief: Oil Spike Has Yet to Dent Global Demand
Global oil markets remain under intense pressure as prices hover near recent highs, but U.S. Energy Secretary Chris Wright said Monday that crude has not yet reached levels that would significantly erode demand.
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