The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down.
Category: Trump, Donald J
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Ahead of Trade Deadline, Firms Rushed Goods Out of Duty-Free Warehouses
By keeping inventory in bonded warehouses or foreign trade zones, importers were able to hedge the tariff rate they ultimately paid.
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Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
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Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar and more.
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Trump Turns to Untested Tariffs to Reorder Global Trade
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan.
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Federal Government Shed 12,000 Jobs in July
The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force.
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Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
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Stocks Drop as Trump’s New Tariffs Weigh on Markets
President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets.
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With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories
President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries.
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U.S. Tariffs Land on Taiwan Amid Tension With Washington
The Trump administration is weighing yet more tariffs on chips, Taiwan’s main exports.
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Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.
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Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.