A Federal Reserve Bank of Dallas analysis found that job postings in AI-exposed fields across Texas fell 8% by early 2025 compared to less-exposed roles, hitting recent college graduates hardest. Texas leads the nation in data center construction, yet the study suggests the buildout has coincided with weaker hiring rather than the job growth often promised by AI boosters. Governor Greg Abbott, once a vocal supporter of the data center expansion, recently froze new grid connections amid mounting public pressure.
futurism.com
· 2026-09-04
Amid escalating political pressure from President Trump on the Federal Reserve, commentators are floating ways to strengthen the central bank's accountability mechanisms as a means of preserving its independence. The proposals aim to balance greater oversight of the Fed's decisions with protecting its ability to set monetary policy free from short-term political interference.
fastcompany.com
· 2026-08-30
Gap Inc. announced that customer chief Michael Francis will replace Haio Barbeito as Old Navy's CEO starting in November, part of an ongoing effort to revive the struggling brand. The announcement came alongside Gap's mixed second-quarter results, which beat earnings estimates but missed on revenue, sending shares up more than 16% in after-hours trading.
cnbc.com
· 2026-08-28
Kevin Warsh, the Federal Reserve's new chair, has broken from his predecessors by declining to offer clear signals about future interest rate moves, even as inflation remains elevated. At his most recent press conference he repeatedly avoided answering whether the Fed would raise rates if inflation persists, leaving investors and economists uncertain about his approach. He is expected to address these concerns in a closely watched speech at the Fed's Jackson Hole symposium.
fastcompany.com
· 2026-08-27
Chicago Fed President Austan Goolsbee says that although headline economic indicators look solid, persistent price pressures, tariffs, and Middle East conflict make this one of the riskiest inflation environments he's encountered. He also addressed how new Fed leadership under Kevin Warsh is reshaping internal dynamics, and described himself as a 'grim optimist' on artificial intelligence, noting the technology's results still lag its hype.
fastcompany.com
· 2026-08-27
The Trump administration's Treasury Secretary Scott Bessent moved to boost bond purchases last week, hoping to push yields down and ease the government's debt-servicing burden. Yields dipped briefly but climbed back to pre-intervention levels by Friday, with the 30-year bond trading near multi-decade highs. Trump has responded by attacking the Federal Reserve and even threatening Switzerland over its lower rates.
theguardian.com
· 2026-08-24
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