Growth Accelerates but Inflation Keeps Fed on Edge
May 4, 2026
Last week brought greater clarity on the Federal Reserve, financial markets, and the broader economy. The Senate Banking Committee advanced Kevin Warsh’s nomination to chair the Federal Reserve Board, while Jerome Powell confirmed he will remain on the Board of Governors after his term as chair ends this month. The stock market posted its best month in several years, with earnings season underway. Finally, economic growth remains resilient but so have inflation pressures.