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.
Economy Jul 01 Powell sticks to ‘wait and see’ approach as Trump ramps up criticism Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain.
Politics Jun 18 WATCH: Powell holds news briefing as Fed keeps its key rate unchanged Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.
Economy Jun 17 Fed officials left in ‘uncomfortable purgatory’ as tariffs complicate this week’s rate decision With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%.