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Senate confirms Warsh as Fed chairman

WASHINGTON (AP) — The Senate confirmed President Donald Trump's nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. Warsh, 56, a former top Fed official, was confirmed Wednesday in ...

Gasoline prices fuel inflation surge

WASHINGTON (AP) — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. The Labor Department's consumer price index rose 3.8% from April 2025, the biggest jump in three years, and up from a 3.3% year-over-year gain in March. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4%, according to the data released Tuesday. The month-over-month gain was down from a 0.9% increase in overall prices from February to March, when the initial financial shock from the ...

Owner revives business in downtown IM with Revival

IRON MOUNTAIN — Holly DeGroot has returned as a local business owner, officially turning her pop-up women’s clothing boutique, Revival, into a permanent location May 1. DeGroot previously operated Bijou Lovely from 2017 to the beginning of 2024 in the same building at 310 S. ...