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
Jul 11 Watch 6:20 How the toy industry is feeling the effects of Trump’s tariffs By William Brangham, Diane Lincoln Estes President Trump is dialing up the pressure on several countries in pursuit of trade deals. Trump dismissed a warning from Hasbro’s CEO that toy prices will rise if the U.S. continues to hike tariffs. William Brangham discussed the tariffs and… Continue watching
Jul 01 Powell sticks to ‘wait and see’ approach as Trump ramps up criticism By Christopher Rugaber, Associated Press Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain. Continue reading
Jun 19 Russia’s on ‘the brink of recession,’ country’s economy minister says The economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. Continue reading