Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy.
Category: United States Economy
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Powell Signals Fed Is on Track to Keep Cutting Rates
Jerome H. Powell, chair of the Federal Reserve, still sees labor market risks outweighing those posed by higher inflation tied to President Trump’s tariffs.
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Global Growth Remains Sluggish as Tariff Threats Loom
The International Monetary Fund said the impact of trade tensions had been limited so far, but it expects growth to slow.
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Big Banks Grow Profits, Crediting a ‘Resilient’ Economy
JPMorgan Chase, Goldman Sachs and Wells Fargo reported strong quarterly earnings, mostly topping analyst expectations and showing growth across key lines of business.
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Black Unemployment Is Surging Again. This Time Is Different.
Federal layoffs and an end to diversity initiatives have weakened a historically strong labor market for Black workers.
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China Flexed. Trump Hit Back. So Much for the Thaw.
Beijing’s trade curbs and President Trump’s tariff threats show how quickly calm can give way to confrontation between the two largest economies.
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The Fiscal Gambit at the Center of the Shutdown
It is a well-worn strategy to temporarily create a government benefit and hope that its eventual expiration will create a standoff like the shutdown fight.
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In This Economy, ‘Job Hugging’ Is in, Job Hopping Is Out
Workers, who were quitting at high rates a few years ago, are now “job hugging” — or, as one consulting firm put it, “holding on to their jobs for dear life.”
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Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
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New York Fed’s John Williams Favors More Rate Cuts
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.
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Mixed Economic Signals Stoke Divisions at Fed, Minutes Show
A few officials appeared reluctant to support the central bank’s interest rate cut last month, underscoring the tough task ahead for Chair Jerome H. Powell to forge a consensus.