BREAKING NEWS
Trump takes one step back and another forward in his attempt to reshape the Fed
Read full article: Trump takes one step back and another forward in his attempt to reshape the FedPresident Donald Trump’s goal of appointing a majority of the Federal Reserve’s board of governors faced a setback Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.
Trump's job market promises fall flat as hiring collapses and inflation ticks up
Read full article: Trump's job market promises fall flat as hiring collapses and inflation ticks upThe U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House.
Key US inflation gauge holds mostly steady though core inflation ticks higher
Read full article: Key US inflation gauge holds mostly steady though core inflation ticks higherThe Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased.
Fed governor Cook seeks court order blocking her firing by Trump
Read full article: Fed governor Cook seeks court order blocking her firing by TrumpA case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve got its first court hearing Friday.
US applications for jobless benefits fell last week as layoffs remain low
Read full article: US applications for jobless benefits fell last week as layoffs remain lowFewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed.
Trump's push to oust Fed's Lisa Cook unites anti-DEI effort, bid to control independent institutions
Read full article: Trump's push to oust Fed's Lisa Cook unites anti-DEI effort, bid to control independent institutionsDonald Trump’s vow to fire Federal Reserve Board Governor Lisa Cook is at the intersection of the Republican president’s efforts to consolidate power and purge diverse voices from the higher ranks of American leadership.
Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulator
Read full article: Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulatorBill Pulte, the country's top housing regulator, has been using his position to target President Trump's political enemies.
Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
Read full article: Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cutsNow that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
Powell signals Fed may cut rates soon even as inflation risks remain
Read full article: Powell signals Fed may cut rates soon even as inflation risks remainFederal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
Wall Street soars on hopes for lower interest rates as the Dow surges 846 points to a record
Read full article: Wall Street soars on hopes for lower interest rates as the Dow surges 846 points to a recordWall Street rallied to its best day in months after the head of the Federal Reserve hinted that cuts to interest rates may be on the way.
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Read full article: Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White HouseBoth Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
Federal Reserve official says she won't be 'bullied' by Trump into resigning
Read full article: Federal Reserve official says she won't be 'bullied' by Trump into resigningFederal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses
Read full article: Wall Street steadies after Nvidia, Palantir and other AI stars trim their lossesU.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning.
US inflation held steady as mild tariff hit offset by cheaper gas, food
Read full article: US inflation held steady as mild tariff hit offset by cheaper gas, foodU.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts
Read full article: A top Federal Reserve official says dour jobs data backs the case for 3 rate cutsA top official at the Federal Reserve is saying that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.
Trump to nominate top economic aide Stephen Miran to Federal Reserve board
Read full article: Trump to nominate top economic aide Stephen Miran to Federal Reserve boardPresident Donald Trump has nominated a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.
The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others
Read full article: The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and othersThe House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
Federal Reserve Governor Kugler steps down, giving Trump slot to fill
Read full article: Federal Reserve Governor Kugler steps down, giving Trump slot to fillFederal Reserve governor Adriana Kugler announced that she will step down next Friday, opening up a spot on the central bank’s powerful board that President Donald Trump will be able to fill.
The Latest: US stock market and global trade partners react to Trump’s new tariffs
Read full article: The Latest: US stock market and global trade partners react to Trump’s new tariffsPresident Donald Trump’s latest tariff moves have drawn worry from Wall Street as stocks slumped and Treasury yields fell sharply.
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Read full article: Trump calls on the Federal Reserve board to take full control of the central bank from PowellPresident Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.
Economist explains how Fed hopes to get interest rate recipe ‘just right’
Read full article: Economist explains how Fed hopes to get interest rate recipe ‘just right’Justin Begley, an economist with Moody’s Analytics, joined us on The Morning Show to share his insights into the Fed's decision not to change interest rates, despite pressure from the president.
Most US stocks fall as hopes weaken for a September cut to interest rates
Read full article: Most US stocks fall as hopes weaken for a September cut to interest ratesMost U.S. stocks slipped as doubts rose about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September.
Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demands
Read full article: Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demandsThe 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.
Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
Read full article: Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and TrumpThe Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and President Donald Trump see the economy.
Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation
Read full article: Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovationOn Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
Fed chair tells Trump he has his facts wrong on central bank's renovation costs
Read full article: Fed chair tells Trump he has his facts wrong on central bank's renovation costsAs president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters.
How Trump could use a building renovation to oust Fed Chair Powell
Read full article: How Trump could use a building renovation to oust Fed Chair PowellPresident Donald Trump says he's found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project.
Trump visits Federal Reserve as feud with its chair continues
Read full article: Trump visits Federal Reserve as feud with its chair continuesPresident Donald Trump has visited the Federal Reserve headquarters in Washington, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project.
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
Read full article: Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaignAfter months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it mattersPresident Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
Trump appointees pushed more marble in Fed building renovation White House now attacks
Read full article: Trump appointees pushed more marble in Fed building renovation White House now attacksPresident Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.
Federal Reserve's Waller says central bank should cut rates at next meeting
Read full article: Federal Reserve's Waller says central bank should cut rates at next meetingA top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
Federal Reserve says building renovation complies with law, defends costs
Read full article: Federal Reserve says building renovation complies with law, defends costsFederal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans.
The Latest: House prepares to advance cuts on public broadcasting and foreign aid
Read full article: The Latest: House prepares to advance cuts on public broadcasting and foreign aidThe House is expected to approve President Donald Trump’s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid.
Economics expert explains President Trump’s flip-flop on Fed Chair Powell
Read full article: Economics expert explains President Trump’s flip-flop on Fed Chair PowellBrad Hershbein, a senior economist for the W.E. Upjohn Institute for Employment Research, said the president and Powell disagree on economic policy, but firing Powell could cause a major ripple in global markets.
Wall Street is rattled as Trump says he discussed firing Powell but is 'unlikely' to do it
Read full article: Wall Street is rattled as Trump says he discussed firing Powell but is 'unlikely' to do itPresident Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve.
U.S. inflation may have worsened last month as Trump’s tariffs start to bite
Read full article: U.S. inflation may have worsened last month as Trump’s tariffs start to biteInflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
Read full article: Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaulFederal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious."
From tariffs to universities, Trump’s negotiating style is often less dealmaking and more coercion
Read full article: From tariffs to universities, Trump’s negotiating style is often less dealmaking and more coercionPresident Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise.
White House escalates pressure campaign on Fed chair by targeting its headquarters renovation
Read full article: White House escalates pressure campaign on Fed chair by targeting its headquarters renovationPresident Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’s headquarters.
As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change course
Read full article: As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change courseFederal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs.
The Latest: Senate votes on amendments to Trump’s big bill ahead of July 4 deadline
Read full article: The Latest: Senate votes on amendments to Trump’s big bill ahead of July 4 deadlinePossible changes to President Donald Trump’s big bill of tax breaks and spending cuts are being considered, though most of the amendments are expected to fail.
Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias
Read full article: Fed's Powell repeats warning about tariffs as some GOP senators accuse him of biasFederal 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.
US stocks hang near their record as Wall Street takes a breath following two big days
Read full article: US stocks hang near their record as Wall Street takes a breath following two big daysU.S. stocks hung near their all-time high as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.
Trump arrives in the Netherlands for NATO summit
Read full article: Trump arrives in the Netherlands for NATO summitPresident Donald Trump is in Europe for a two-day NATO summit laden with uncertainty over Iran’s response to U.S. airstrikes, the fate of Russia’s invasion of Ukraine and the future of U.S. troops based in NATO countries.
Fed Chair testifies before Congress on economy
Read full article: Fed Chair testifies before Congress on economyThe Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Donald Trump’s calls for immediate cuts.
Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell
Read full article: Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds PowellThe Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year.
The number of Americans filing for jobless benefits last week rises to highest level in eight months
Read full article: The number of Americans filing for jobless benefits last week rises to highest level in eight monthsFilings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy.
Trump meets with the Federal Reserve chairman he has repeatedly scorned
Read full article: Trump meets with the Federal Reserve chairman he has repeatedly scornedPresident Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.
Supreme Court declines to reinstate independent agency board members fired by President Donald Trump
Read full article: Supreme Court declines to reinstate independent agency board members fired by President Donald TrumpThe Supreme Court has declined to reinstate independent agency board members fired by President Donald Trump.
Inflation cooled again even as some tariffs took effect. But economists don't expect that to last
Read full article: Inflation cooled again even as some tariffs took effect. But economists don't expect that to lastInflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this summer.
Federal Reserve official sees signs of slowing economy but not ready to cut rates
Read full article: Federal Reserve official sees signs of slowing economy but not ready to cut ratesA top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate.
The Latest: Trump says the ‘final details’ are still to come in UK trade agreement
Read full article: The Latest: Trump says the ‘final details’ are still to come in UK trade agreementU.S. President Donald Trump said from the White House on Thursday that his government has reached a trade agreement with the United Kingdom.
Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady
Read full article: Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steadyU.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy.
Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
Read full article: Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemploymentThe Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.
Federal Reserve likely to defy Trump, keep rates unchanged this week
Read full article: Federal Reserve likely to defy Trump, keep rates unchanged this weekThe Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.
Why Trump's call for the Fed to cut interest rates may not help consumers
Read full article: Why Trump's call for the Fed to cut interest rates may not help consumersPresident Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers.
Trump says he has 'no intention' of firing Federal Reserve chair
Read full article: Trump says he has 'no intention' of firing Federal Reserve chairPresident Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.
Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest rates
Read full article: Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest ratesPresident Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates.
Powell says Federal Reserve can wait on any interest rate moves
Read full article: Powell says Federal Reserve can wait on any interest rate movesThe Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.
Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs
Read full article: Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffsU.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Will the tariffs lead to a recession? Here's how to know if we're in one
Read full article: Will the tariffs lead to a recession? Here's how to know if we're in onePresident Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession.
Trump hits the golf course as the stock market plummets for a second straight day over tariffs
Read full article: Trump hits the golf course as the stock market plummets for a second straight day over tariffsPresident Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.
Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
Read full article: Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growthUS Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.
Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision
Read full article: Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decisionU.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.
Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulators
Read full article: Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulatorsPresident Donald Trump has fired two Democratic members of the Federal Trade Commission, intensifying efforts to exert his administration’s control over independent agencies across the government.
Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Read full article: Federal Reserve sees tariffs raising inflation this year, keeps key rate unchangedThe Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts.
'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week
Read full article: 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this weekThe Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.
Fed Chair Powell says interest rates on hold with economic uncertainty widespread
Read full article: Fed Chair Powell says interest rates on hold with economic uncertainty widespreadChair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve.
The latest inflation report shows that high prices are Trump's major economic challenge
Read full article: The latest inflation report shows that high prices are Trump's major economic challengeDonald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he expected.
Powell says Trump's comments won't affect interest rate decisions by the Fed
Read full article: Powell says Trump's comments won't affect interest rate decisions by the FedFederal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.