Trump says Federal Reserve ‘has gone crazy’ after big stock drop
President Trump, who has been critical of the central bank's interest rate increases, told reporters that he thinks "the Fed is making a mistake." But he's also calling the drop "a correction we've been waiting for for a long time."…
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Fed Chair Jay Powell: U.S. may be in a different era for workers’ wages despite economic gains
Federal Reserve chairman Jay Powell discusses the state of the economy, bigger changes in the job market and why wages haven’t caught up with other economic trends in a conversation with Judy Woodruff. At the Atlantic Ideas Festival, Powell also…
WATCH: Powell says Fed is focused on ‘controlling the controllable,’ not politics
The Federal Reserve chair's comments came as part of a conversation with PBS NewsHour anchor and managing editor Judy Woodruff during The Atlantic Festival in Washington, D.C.
More U.S. corporate giants warn tariffs will mean price hikes
A growing number of iconic American companies are warning that President Trump's tariffs on U.S. imports are raising their costs and prices.
The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that…
In our news wrap Wednesday, the Federal Reserve raised a key short-term interest rate for the third time this year, to 2.25 percent. Fed chairman Jerome Powell also said that "widespread tariffs that remain in place for a long time"…
Many economists worry, though, that Trump's combative trade policies could slow the economy.
The Federal Reserve is expected to raise interest rates Wednesday, but economists will also be watching for a signal that another hike is likely before the end of the year.
U.S. consumer spending rose a solid 0.4 percent in July, the sixth straight month of healthy gains.
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