Category: United States Economy

U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices

The New York Times – Business:
Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period including first weeks of conflict in the Middle East.
Behind Powell’s High-Stakes Decision to Stay at the Fed

The New York Times – Business:
Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
How Powell Just Complicated Trump’s Fed Plans

The New York Times – Business:
Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The New York Times – Business:
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
The U.S. Started the War. The Rest of the World Is Feeling the Effects.

The New York Times – Business:
In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
For the Modern C.E.O., It’s All About Being ‘Resilient’

The New York Times – Business:
The ability to stay calm and lead through any kind of shock is the new normal for corporate executives.
Tariffs Raised Consumers’ Prices, but the Refunds Go Only to Businesses

The New York Times – Business:
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
Companies, Not Consumers, to Cash In Big From Tariff Refunds

The New York Times – Business:
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence

The New York Times – Business:
Kevin Warsh’s nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.
Trump’s Fed Pick to Defend Central Bank’s Ability to Set Rates Independently

The New York Times – Business:
Kevin M. Warsh is set to testify at the Senate Banking Committee on Tuesday even as a criminal investigation into the central bank risks delaying his ascension to become the next chair.
Why Your Paycheck Feels Smaller

The New York Times – Business:
Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.
White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline

The New York Times – Business:
Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.