Politics Nov 22 Trump names hedge fund founder Scott Bessent as pick for Treasury secretary President-elect Donald Trump announced Friday that he'll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek.
Politics Oct 15 WATCH: Trump sings praises of tariffs during conversation with Bloomberg News Appearing before a friendly audience at the Economic Club of Chicago, the Republican presidential nominee repeatedly asserted that tariffs are misunderstood as an economic tool.
Nation Sep 03 Fed celebrates end of inflation surge, but many Americans don't feel like cheering Most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered.
Economy Aug 30 As rate cuts near, Federal Reserve's inflation gauge shows cooling price increases An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time…
Economy Mar 10 U.S. economy adds 311,000 jobs in February despite Fed's rate hikes America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.
Economy Feb 01 WATCH: Federal Reserve Chair Jerome Powell gives update after small rate hike The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March.
Economy Aug 26 Federal Reserve's inflation fight could bring 'pain' and job losses warns Powell Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses.
Economy Jul 08 U.S. employers added 372,000 jobs in June, with unemployment at 50-year low America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
Economy Jun 22 WATCH: Fed chair Powell says rate hikes will be decided 'meeting by meeting' Federal Reserve Chair Jerome Powell underscored the Fed's determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank's fight against surging prices could tip the economy into recession.
Economy Jun 15 Federal Reserve attacks inflation with its largest rate hike since 1994 The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would…