Economy Dec 06 U.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 18 Trump 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 14 Federal 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 13 Jerome 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 08 Trump 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 06 U.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 30 WATCH: 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 29 Here’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 04 U.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.
Nation Sep 24 Trump administration expands overtime to 1 million workers Most Americans earning less than $35,308 a year will now be paid time and a half for any work over 40 hours a week. The rule is a scaled back version of an Obama-era proposal.