Jan 13 WATCH: Trump lashes out at Federal Reserve in speech to Detroit Economic Club By Associated Press “If you announce great numbers, they raise interest rates,” President Donald Trump said in the speech. “When the market goes up, they should lower rates.”… Continue reading
Jan 13 Top central bankers back Fed chair Powell with 'full solidarity' in clash with Trump By David McHugh, Associated Press Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges. Continue reading
Jan 12 Watch 3:53 Powell pushes back as Trump's DOJ launches unprecedented investigation into Fed By Amna Nawaz, Kayan Taraporevala The Justice Department has launched an unprecedented criminal investigation against the Federal Reserve and its chairman, Jerome Powell. For his part, Powell made it clear he was fed up with what he sees as a threat from President Trump and… Continue watching
Jan 12 Watch 7:03 Trump's intimidation of Fed's leadership threatens economic stability, Yellen says By Amna Nawaz, Ryan Connelly Holmes As Federal Reserve Chair Jerome Powell pushes back against a criminal probe from the Trump Justice Department, Amna Nawaz discusses the developments with Janet Yellen. She served as chair of the Federal Reserve Board from 2014 to 2018 and was… Continue watching
Jan 12 Watch 5:42 Ex-prosecutor on DOJ's Powell probe and Trump's targeting of opponents By Geoff Bennett, Azhar Merchant To dive into some of the legal questions behind the Justice Department's investigation into the Federal Reserve and Jerome Powell, and similar moves by President Trump, Geoff Bennett spoke with Mary McCord. She's the executive director of the Institute for… Continue watching
Jan 12 Former Trump adviser Dina Powell McCormick named Meta president and vice chairman By Wyatte Grantham-Philips, Associated Press Powell McCormick previously served on Meta's board of directors — where, the company notes, she was “deeply engaged” in accelerating its artificial intelligence push across platforms. Continue reading
Jan 12 A $400,000 payout after Maduro's capture put prediction markets in the spotlight. Here's how they work By Wyatte Grantham-Philips, Associated Press The commercial use of prediction markets has skyrocketed in recent years, opening the door for people to wage their money on the likelihood of a growing list of future events. But despite some eye-catching windfalls, traders still lose money everyday. Continue reading
Jan 12 WATCH: Powell vows to stand firm against 'unprecedented' Trump administration indictment threats By Christopher Rugaber, Associated Press “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation.”… Continue reading
Jan 10 Banks balk as Trump pushes for 1-year, 10% cap on credit card interest rates By Ken Sweet, Seung Min Kim, Associated Press Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner. Continue reading
Jan 09 Watch 7:25 The mounting economic challenges weakening the job market By Paul Solman, Ryan Connelly Holmes The U.S. economy added a modest 50,000 jobs in December. It was below expectations and capped the weakest year for job growth since the pandemic. Employers added a total of 584,000 jobs for all of 2025, a big drop from… Continue watching