Jul 25 U.S. stocks coast toward the finish of a record-setting week By Stan Choe, Associated Press Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Continue reading
Jul 24 Watch 8:35 Trump ramps up pressure on Powell to cut interest rates during visit to Federal Reserve By Geoff Bennett, Jackson Hudgins, Solveig Rennan President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about… Continue watching
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 03 U.S. employers added 147,000 jobs last month despite uncertainty over economic policy By Paul Wiseman, Associated Press The unemployment rate ticked down 4.1% from 4.2% in May, the Labor Department said Thursday. Continue reading
Jun 25 WATCH: Fed Chair Powell returns to Capitol Hill to testify in Senate Banking hearing By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. Continue reading
Jun 24 WATCH: Fed Chair Powell says interest rate cut can wait in testimony before House committee By Chris Rugaber, Associated Press “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Jerome Powell said in testimony Tuesday before the House Financial Services Committee. Continue reading
Jun 18 Watch 5:24 News Wrap: Fed leaves interest rates unchanged while signaling future cuts In our news wrap Wednesday, the U.S. Federal Reserve left interest rates unchanged for the fourth-straight time while officials indicated they expect to cut rates twice by the end of the year, the Supreme Court is reviving plans to store… Continue watching
Jun 18 WATCH: Powell holds news briefing as Fed keeps its key rate unchanged By Christopher Rugaber, Associated Press Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. Continue reading
Jun 17 Fed officials left in ‘uncomfortable purgatory’ as tariffs complicate this week’s rate decision By Christopher Rugaber, Associated Press With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Continue reading
Jun 11 U.S. inflation rose slightly last month as grocery prices ticked higher By Anne D'Innocenzio and Christopher Rugaber, Associated Press The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate. Continue reading