Politics Aug 01 Trump fires Bureau of Labor Statistics commissioner after dismal employment report President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.
Economy May 21 Trump’s tariffs will test U.S. allies at G7 finance ministers’ summit The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year.
Nation Mar 28 U.S. inflation gauge remained high in February but consumer spending recovered after steep fall An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt…
Economy Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago.
Economy Oct 19 U.S. may need slower economic growth to beat inflation, Fed chair says Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.
Economy Jul 07 U.S. adds 209,000 jobs in June, a slowing in hiring but a sign of economy’s resilience WASHINGTON (AP) — America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation. The…
Politics Apr 27 Federal Reserve Chair Jerome Powell was tricked by fake call from Russia pranksters Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the impact of interest rate hikes.
Economy Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come.
Economy Nov 16 Americans elevated retail spending by 1.7 percent last month Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. Americans are also still buying more cars, furniture, and other goods than they did before the pandemic.
Economy Sep 03 Some Americans unlikely to quailfy new $300 federal jobless benefit The administration rolled out the new $300-a-week benefit, using money from a $44 billion disaster relief fund, after Congress and the White House failed to agree to extend the $600 payment. Yet because of a raft of restrictions and bureaucratic…