Economy Feb 13 U.S. budget deficit running over 40 percent higher than last year The Treasury Department said Wednesday that the budget deficit from October through December totals $318.9 billion, up from a deficit of $225 billion for the same three months in the previous year.
Economy Feb 12 Fed chairman doesn’t see signs of economic downturn, yet ‘poverty remains a challenge’ In a visit to a historically black university in the Mississippi Delta, Jerome Powell said that many rural areas have not benefited from the national prosperity. He said those areas need special support.
Economy Feb 05 Trump, Federal Reserve Chair Powell meet over dinner The dinner marks the first time Trump and Powell have met since Trump picked him for the top Fed job in November 2017.
Economy Jan 30 WATCH: Fed chair makes announcement on interest-rate outlook Fed Chairman Jerome Powell will hold a news conference at 2:30 p.m. ET today. Watch his remarks here.
Economy Jan 29 3 things to watch for from the Federal Reserve on Wednesday The Federal Reserve is set Wednesday to leave its key short-term interest rate alone and to signal that it will remain cautious this year about raising rates further.
Economy Jan 09 Federal Reserve minutes reveal worries over economic risks Threats from volatile stock markets, trade tensions and uncertain global growth made the future path of interest rate hikes "less clear," Federal Reserve officials said during their December meeting.
Politics Dec 19 WATCH: Fed lifts rates for 4th time this year but sees fewer hikes ahead The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses.
Economy Nov 28 Powell says U.S. economy healthy and rate hikes aren’t automatic Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.
Economy Oct 26 U.S. economy grows 3.5 percent, boosted by consumer spending The strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
Politics Oct 18 Treasury Secretary Mnuchin won’t attend Saudi investment conference Mnuchin has pulled out of the conference in Saudi Arabia following the disappearance of journalist Jamal Khashoggi.