News

Trump's 'Big, Beautiful Bill' Will Add $2.4 Trillion in Debt, CBO Predicts—as President Again Calls for Fed Chair Jerome Powell To Lower Rates
The president's budget proposal sits with the Senate, but whether it'll listen to the CBO's findings remains to be seen.
Fed likely to leave rates unchanged as US job market cools but doesn't crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on ...
Jobs Report Bolsters Fed’s Patient Approach on Rate Cuts, Drawing Trump’s Ire
President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H.
Chicago Fed chief: Iowa, with its manufacturing and ag jobs, highly affected by tariffs
The head of the Chicago Federal Reserve says tariffs cast uncertainty over Iowa's economy due to its reliance on agriculture ...
Fed's Musalem estimates ‘50-50’ chances on tariffs triggering prolonged US inflation, FT reports
St. Louis Federal Reserve President Alberto Musalem has put the likelihood of Donald Trump's trade war causing a prolonged ...
Tariffs' Toll on Jobs Is Limited So Far, Giving the Fed a Break
The U.S. labor market remained on firm footing in May—even as concerns mounted that higher tariffs would prompt employers to ...
Businesses Expect to Pass Along 50% of Tariffs, Fed Survey Finds
Business expect to pass through roughly half of tariff-related expenses to US consumers still reeling from the pandemic-era ...
ECB's Schnabel sees no lasting decoupling from Fed
Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning ...