The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
Category: United States Economy
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Have Trump’s Tariffs Gone as High as They Can Go? Businesses Hope So
A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.
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Two Retail Chiefs Take Stock of a Make-or-Break Holiday Shopping Season
The leaders of Nordstrom and Selfridges are dealing with tariffs, a tough economy and a fight for relevance.
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As Prices Pinch, Bessent Looks for Ways to Mollify Wary Consumers
Treasury Secretary Scott Bessent has offered a variety of creative justifications for President Trump’s import duties.
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The Tourism Slump Squeezes Navajo Nation Parks Like Monument Valley
Things were looking up last year at pandemic-battered Navajo Nation parks like Monument Valley. Then their lifeblood, foreign visitors, slowed to a trickle.
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Market Volatility Underscores Epic Buildup of Global Risk
Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
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The A.I. Boom Is Driving the Economy. What Happens if It Falters?
A windfall for companies that build data centers and their suppliers is overshadowing weakness in other industries.
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Top Fed Official Boosts Odds of a December Rate Cut
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.’
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Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.
The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions.
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September Jobs Report Injects More Uncertainty Into Fed’s December Decision
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
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September Jobs Report Injects More Uncertainty Into Fed’s December Decision
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.