'Mission Impossible' Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair

Putting two sides together — let alone three — who have wildly diverse chronicles of their histories and even less commonality in charting their future national trajectory was innately unlikely to reach an agreed settlement. More likely in such ill-prepared encounters is often an ill-tempered recapitulation of the general lack of congruence. This was the […]

U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock Hard red winter wheat climbed to a two-year high by the end of the week, as our coverage of the drought shock now hitting America's Breadbasket raises serious alarm bells on commodity desks. The concern is not just reduced crop yields and quality. It is colliding with fertilizer shortages and elevated diesel prices, creating a broader inflationary transmission channel that could work its way through the food supply and translate into higher supermarket prices down the road. Hard...