Federal Reserve official says fighting inflation likely to be painful
WASHINGTON (AP) — A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks that have driven up inflation, including higher oil prices from the Iran war and tariffs. Typically, Goolsbee noted, the central bank would essentially for...
Read MoreMon, 21 Sep 2026
- Federal Reserve official says fighting inflation likely to be painful
- States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal
- CNN, MS NOW, Politico sue over denied White House access, citing First Amendment
- Wall Street pulls within 1% of its record after oil prices and bond yields ease
- Jury convicts Vermont man of attempted murder in shooting of 3 Palestinian students
- World leaders in New York to grapple with climate. Fuel prices, AI and disasters complicate things
- Man shot by ICE officer is detained in Texas with a bullet still in his back, attorneys office says
- AP Exclusive: ICE hides locations of thousands of detainees with final removal orders
- German leader faces tough time ahead after election defeats, but no sign of leadership challenge
- Polo, a tropical storm in the Pacific Ocean, is expected to become a major hurricane this week
- Tiny wild cat newly identified as a species draws curious visitors in Bolivia
- The main Kremlin party keeps control of Russian parliament after a carefully orchestrated vote
- War, runaway AI and climate shocks to take center stage as world leaders meet at UN
- Explosion injures 3 South Korean military officers inside DMZ bordering North Korea
- Britains Burnham is set to meet Trump for the first time at the UN in New York
- Pope Leo XIV in France to find a secular country at odds with Catholic teaching on life
- Presley Gerber, son of Cindy Crawford, dies at 27, family representative says
- Mahomes and Walker shine, Butker hits winning 40-yarder as Chiefs beat Colts 33-30 in OT
- Trump decries Democrats as communists, even as he looks to impress Chinas communist leader
- Houthis say they wont attack US vessels in Red Sea, and other Mideast developments
- ICE agent shoots and wounds man in Austin, Texas, officials say
- Patrick Clancy gives first TV interview on 60 Minutes after Lindsay Clancy mistrial
- Early results show Russias main Kremlin party dominating tightly controlled parliamentary vote
Sun, 20 Sep 2026
- 18 suspects accused in the July 2021 killing of Haitis president being extradited from Haiti to US
- Converse apologizes and pulls sneaker ad that critics said included racist imagery
- Trump and Mamdani plan to meet in New York during the presidents upcoming UN visit
- Merz vows to press ahead with reforms after historic German state election defeat
- Ole Miss up to No. 4 in AP Top 25 with win over LSU, Tigers slip to No. 10, SEC has 10 teams ranked
- Iran-backed Houthi rebels warn against joining Saudi Arabia in Yemens growing civil war
- Ukraine fires over 1,000 drones at Russia, including largest ever attack on Moscow
- Trump says his planned arch would become a military complex able to host drones and snipers
- Far from shore, Tropical Storm Fay forms as Odalys eyes hurricane strength
- Federal Reserve rate hike reflects new world of sticky inflation and faster growth
- This truth emerges as political situations change fast: Maps show us our world, but not neutrally
- Trump used to slam China. Heres why hes now rolling out the red carpet for Xi
- North Korea launches 2 ballistic missiles toward the sea and dials up pressure on the US
- Alaskans will decide fate of ranked choice voting system after chaotic end to states primary
- Republican Mike Rogers courts Michigan Democrats and Trump voters as GOP hopes to hold the Senate
- Rising gas prices frustrate voters. Trump says its an inexpensive price to pay for the Iran war
- In Chile, even beloved hot dogs feel the economic squeeze
- Families of suspected illegal miners who died in Nigerian detention accuse officials of mistreatment
- Macron and Carney to hold talks on strengthening Canada-France economic and defense ties
- Van silences doubters in Pantoja rematch as Tsarukyan, Pitbull score dramatic UFC 331 finishes
- Ed Sheeran says situation in Gaza is catastrophic and unjustifiable as he opens concert
Sat, 19 Sep 2026
- Lawsuit says Anthropic, OpenAI, SpaceXAI and Google made illegal agreement on AI slowdown
- Saudi Arabia says Houthis tried to attack its capital, and other Mideast developments
- Nobel laureate Narges Mohammadi tells the AP that Iranians paying the price for war and repression
- Saudi Arabia confirms Yemens Houthi rebels tried to attack its capital with a ballistic missile
- Russia holds parliamentary vote in areas it seized from Ukraine in the war
- Congo begins Ebola vaccinations for health workers in the epicenter of the outbreak
- Russian election observer loses consciousness during arrest by police, opposition party says
- MS NOW, CNN and Politico say their journalists were denied access to White House after Trump ban
- Telehealth companies keep exposing their customers medical data. What should they do?
- This swing state Republican keeps distancing himself from Trump. It may not save him in the midterms
- Voting groups sound alarm on funding shortfalls that they say could affect midterm turnout
- New laws trigger a fresh legal fight over Nazi-looted art in Los Angeles and Auschwitz museums
- Knife attack on Sikh trucker in Wyoming stirs fresh fears in community
- Oil prices are high but could be much worse. Trump has Chinas Xi to thank for that
- Even as trading and markets moved faster, Warren Buffett made patience profitable and cool
- Atlanta Braves clinch 8th playoff berth in 9 years with victory over Astros
- Trump has a deal to build US military presence in Greenland while leaving island in Denmarks hands
- Trump administration begins building border wall in Texas Big Bend region
Fri, 18 Sep 2026
- Cuba hit with another blackout as millions across the island are left without electricity
- Iran wars cost grows to $43.6 billion in new US military estimate
- Trump targets more news outlets, saying he will ban CNN, MS NOW and Politico from the White House
- Early voting begins in US midterm elections that could flip control of Congress
- Trump announces all 50 states joining Medicaid drug pricing model
- Vance blasts Democrats as lunatics in Iowa rally push for GOP candidates
- Holdout juror in Clancy trial didnt have any doubts that she was responsible for killing her kids
- Bombing at mosque near police offices in Pakistan kills at least 21
- The Pentagon is moving forward with mandatory testosterone testing for most male troops
- Duncan Sheik, Tony- and Grammy-winning Spring Awakening composer and pop star, dies at 56
- Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
- Trump refers to Black man from racially offensive 1988 campaign ad while stumping in North Carolina
- Wall Street drifts as bond yields rise and oil prices swing
- Russia begins 3 days of voting in a parliamentary election set to cement the Kremlins power
- Hundreds of thousands attend Irans biggest government-organized rally since the war began
- Trump pushes his $5,000 dividend pledge if GOP wins midterms. Republican candidates, not as much
- Attorney General Blanches appearances at political events blur Justice Department boundaries
- EU chief floats associate membership for Canada. But that doesnt exist yet
- Fatal building collapse highlights dangers plaguing Gaza nearly a year after ceasefire
- The driver who slammed into an LA bus before a news helicopter crash is charged with murder
- Virginias attorney general says DHS may have violated state election law after whistleblower report
- Anthropic says its model Claude is helping to build the next version of itself
Thu, 17 Sep 2026
- Postal Service chief says work stopped on computer system key to Trump effort to limit mail voting
- Bail set for ICE officer accused of lying and assault in non-fatal shooting in Minneapolis
- Judge orders Kennedy Center to provide 30 days notice before making any major physical changes
- A judge rejects Pamela Smarts latest bid for a new trial in 1990 accomplice to murder case
- US stocks rally to their best day in 6 weeks after oil prices and bond yields ease
- Kennedy tells anti-vaccine activists they have a friend in Trumps White House
- Russia votes in wartime parliamentary election set to secure the Kremlins power
- US approves visas for top Iranian leaders to attend UN high-level meeting even with sides at war
- Former Syrian official convicted of torture under Assad faces sentencing in the US
- Man accused of ties to bin Laden and tortured after 9/11 has 20-year Guantanamo detention reviewed
- Trump withdraws Lance Schroyer, a former Oklahoma state trooper, as his nominee to lead ICE
- Body found in Grand Canyon was missing hiker, wife says, bringing flood death toll to 3
- Man who sprayed Minnesota Rep. Omar with vinegar sentenced to 14 months in prison
- Former US Sen. Jon Kyl of Arizona, a workhorse who shaped water policy, dies at 84
- The Latest: Trump says EU allowing Canada as associate member could be a hostile act
- UNC defensive coordinator Steve Belichick resigns, probe into conduct in football program concludes
- The fight over congressional maps put nearly 35 million people into new House districts, report says
- Russian missile and drone attacks injure at least 19, including children, in Ukraine
- Carney embraces EU associate membership proposal as Trump pushes Canada closer to Europe
- Bank of England holds rates but appears ready to hike soon
- LA news helicopter crashed in birthplace (and, arguably, epicenter) of eye-in-the-sky reporting
- OpenAI flags concerning new AI behavior and vows to track it more closely
- UN-backed experts cite possible US war crimes in Iran strikes
- A global AI safety strategy depends on US-China cooperation. They each see the other as the problem
- Climate change made deadly Nepal glacier and rock collapse more likely, according to analysis
- Trump and Whatley double down on the administrations record in North Carolina Senate contest
- House approves sweeping Russia sanctions bill, sending it to Trump
Wed, 16 Sep 2026
- Driver arrested in a bus collision that happened before a deadly news helicopter crash in LA
- Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
- The psychedelic pop artist Peter Max has died at 88, his son says
- House holds billionaire Leon Black in contempt of Congress over Epstein investigation
- Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
- Fencing goes up around the main Kennedy Center building after Trump-aligned board votes to close it
- Saudis seek allies help as missile defenses run low in fight with Houthis, officials say
- AP exclusive: Change in human trafficking policy could make some minors easier to deport
- Sudan gold mine collapse kills at least 82 people with many more missing
- NASA spacecraft discovers a huge new crater on the moon
- Dr. Nicole Saphier, Trumps 3rd surgeon general pick, faces Senate questions over her vaccine stance
- Russian drone strike on a passenger bus in Ukraine kills 5 people and wounds at least 7 others
- Theres one issue where Republicans and Democrats are unified before the midterms, a new poll finds
- Trump administration has cut or frozen $177 billion in grants across every state, analysis shows
- Wall Street holds steady ahead of the Feds decision as oil prices and bond yields ease
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- Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
- EU chief Ursula von der Leyen says she wants Canada to become the blocs 1st associate member
- EU chief proposes bloc-wide social media ban for kids under 13
- Former Philippine President Rodrigo Duterte appears in court in The Hague
- Building collapse in Gaza kills 16 as perilous conditions persist for Palestinians during truce
- EU plans new firefighting fleet after deadly summer heat wave
- In wartime Russia, veterans who fought in Ukraine are running for parliament
- AI rivals found rare agreement on safety. Putting it into practice is harder
- US-Canada trade war further taxes small businesses as costs rise during the Iran war
- The FBI thwarted a Russian plot to kill a prominent dissident in Washington, authorities say
- Trump administration plans to send powerful bombs to Israel in $2.8 billion weapons sale
Tue, 15 Sep 2026
- Saudi crown prince goes to Egypt for support against Houthi strikes, and other Mideast developments
- Ed Sheerans tour in trouble after opening acts drop out in solidarity with rapper Macklemore
- Trump and the court: If he wins, hes happy. When he loses, he ridicules justices he appointed
- Lionel Messi added to Argentinas roster for Oct. 6 friendly that team says will be farewell match
- Trumps push to restrict mail ballots has failed. Other efforts to reshape the midterms are ongoing
- Kennedy Center will close for renovations after judge blocks returning Trumps name to building
- FBI chief Kash Patel defends hiring policy changes on prostitution, bestiality at fiery hearing
- Senate blocks cryptocurrency regulation as Democrats push back on Trump investments
- Trump slams the Supreme Court for rejecting his push to restrict mail ballots
- US acknowledges for the first time that it has deployed weapons in space
- Nick Reiner avoids death penalty over his parents killings but still faces life in prison
- US strips millions in military aid from Europe and Mideast to back Trump-aligned nations in Americas
- Judge blocks Kennedy Center board from putting Trumps name on the building or grounds in any way
- US stocks slip after oil prices and the bond market crank up the pressure
- NATO jets shoot down drone over Lithuania and Russian ship fires flares at Danish helicopter
- Federal Reserve is expected to raise its benchmark rate, defying Trumps demands
- Supreme Court rejects Trump mail ballot restrictions ahead of midterms
- Zelenskyy says Ukraine will pause strikes on Russia if Kremlin spares critical infrastructure
- A crisis is shaking Brazils Supreme Court. Heres what to know
- Widows Bay breaks Emmys record with 14 wins including best comedy series, Pitt wins best drama
- Carney heads to Europe for high-stakes speech and deeper EU ties as Canada clashes with Trump
- Microsoft commits to sweeping AI privacy rules for students. Will other tech giants follow?
- Tech CEOs call for AI regulation. Trump and Congress are not rushing to act
- Supreme Court lifts a cloud over midterms, letting mail ballots flow as normal to voters
Mon, 14 Sep 2026
- Trump calls AI risks a hoax, says there is a SICK conspiracy against AI and data centers
- McConnell returns to the Senate for the first time since his June hospitalization
- A Vermont man is on trial for shooting 3 Palestinian students. He claimed the CIA told him to do it
- EPA eliminates rule that limits planet-warming greenhouse gas emissions from power plants
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