Christopher’s Recent Stories
Nation Dec 09Former Federal Reserve chairman Paul Volcker dies at age 92
Volcker took charge of the Fed in August 1979, when the U.S. economy was slipping into the grip of runaway inflation.
Economy Dec 06U.S. economy adds a robust 266,000 jobs in November
The unemployment rate declined to 3.5% from 3.6% in October, matching a half-century low, the Labor Department reported Friday. And wages rose a solid 3.1% in November compared with a year earlier.
Economy Nov 18Trump summons Powell to discuss interest rates
Monday’s meeting could fuel concerns that the White House is intensifying public pressure on Jerome Powell -- who was President Donald Trump’s own choice to lead the Fed -- to cut rates more aggressively.
Economy Nov 14Federal Reserve chair urges Congress to address budget deficit
Jerome Powell is one of the few leading public figures urging Congress to reduce the federal government’s annual deficit, which is nearing $1 trillion.
Economy Nov 13Jerome Powell optimistic about the U.S. economy’s ‘sustained expansion’
In testimony before a congressional panel, Powell expressed optimism about the U.S. economy and said he expects it will grow at a solid pace, though it still faces risks from slower growth overseas and trade tensions.
World Nov 08Trump disputes reports that U.S. will roll back tariffs on China
Trump's pushback suggested that negotiations haven't progressed as far as hoped as the world's two biggest economies struggle to negotiate an end to their trade war.
Economy Nov 06U.S. work productivity falls for the first time in nearly 4 years
Some economists point to technologies, such as smartphones and mobile software, that aren't that economically useful. Others say that innovations like search engines, which are free to users, aren't properly captured in government data.
Economy Oct 30WATCH: Federal Reserve cuts benchmark interest rate
The Fed's move reduces the short-term rate it controls — which influences many consumer and business loan rates — to a range between 1.5% and 1.75%.
Economy Oct 29Here’s the single phrase to watch for from the Fed this week
Dropping this phrase from the Federal Reserve's meeting language would be seen as a hint that the rate cut the Fed is set to announce this week will be the last one it expects to make for 2019.
Economy Oct 04U.S. unemployment rate falls to 50-year low
The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs.