Aug 07 Watch 5:44 As Trump’s tariffs kick in, economist breaks down inflation and recession warning signs By Geoff Bennett, Jackson Hudgins After months of delay and backroom dealmaking, the Trump administration has imposed sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest levels in nearly a century. To help break down the impact of the new… Continue watching
Aug 04 Vast majority of U.S. adults are stressed about grocery costs, AP-NORC poll finds By Cora Lewis, Linley Sanders, Associated Press Only 14% say it's not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials. Continue reading
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching
Aug 01 Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair Powell By Josh Boak, Associated Press Federal Reserve Chair Jerome Powell has held the Fed's benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Donald Trump's massive tariffs had on inflation. Continue reading
Jul 30 WATCH: Powell speaks after Fed keeps interest rates unchanged even as Trump demands cut By Chris Rugaber, Associated Press The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. Continue reading
Jul 17 Only one in four U.S. adults say Trump policies have helped them, AP-NORC poll finds By Steve Peoples, Linley Sanders, Associated Press Overall, Trump fails to earn majority approval on any of the issues included in the poll. Continue reading
Jul 16 U.S. producer prices unchanged as wholesale inflation cooled in May By Paul Wiseman, Associated Press U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher. Continue reading
Jul 16 How Trump could use an expensive Fed building renovation to oust Powell By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking… Continue reading
Jul 15 Watch 6:39 How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision By William Brangham, Jackson Hudgins A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest… Continue watching
Jul 15 U.S. inflation accelerated last month to 2.7%, highest level since February By Christopher Rugaber, Associated Press On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Continue reading