Politics Aug 22 WATCH: Powell signals Fed may cut rates soon even as inflation risks remain In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation.
Politics Aug 20 Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the Fed's governing board by former president Joe Biden in 2022.
Economy Aug 12 Why economists are criticizing Trump’s nominee to oversee data on jobs and inflation President Donald Trump has selected E.J. Antoni, chief economist at the conservative Heritage Foundation, to be the next commissioner at the Labor Department's Bureau of Labor Statistics. Antoni's nomination was quickly met with a cascade of criticism from other economists.
Economy Aug 12 U.S. inflation remained flat in July, though core prices accelerated Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June.
Politics Aug 07 Trump says he is nominating top economic aide Stephen Miran to Federal Reserve board The appointment is Trump’s first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticized the current chair, Jerome Powell, for keeping short-term interest rates unchanged.
Economy Aug 01 U.S. employers added just 73,000 jobs last month as labor market weakens in face of Trump trade wars The unemployment rate ticked up to 4.2% as Americans dropped out of the labor force.
Politics Jul 24 WATCH: Trump visits Federal Reserve as he pressures Powell to cut interest rates The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump.
Politics Jul 18 Trump appointees pushed more marble in Federal Reserve building renovation White House now attacks The Fed's architects said the central bank had wanted glass walls to reflect the Fed as a transparent institution, but three Trump appointees to a local commission felt marble best fit the building's historic character.
Politics Jul 16 How Trump could use an expensive Fed building renovation to oust Powell President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking…
Economy Jul 15 U.S. inflation accelerated last month to 2.7%, highest level since February On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.