Category: United States Economy

Trump’s Search for Powell’s Replacement Adds to Cacophony Around Interest Rate Decision

The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.
Fed Divisions Will Cloud Interest Rate Decision at Final 2025 Meeting

The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
Trump Defends Tariffs Amid Growing Concerns Over Affordability

The president rolled out a $12 billion bailout for farmers as he makes the case that his policy is working — or will soon.
Same Product, Same Store, but on Instacart, Prices Might Differ

The findings are the latest example of how the notion of a single price is breaking down in the digital age, a trend economists say could be pushing up some prices.
Supreme Court Struggles With How to Insulate the Federal Reserve From Politics

The president seemed poised for a big Supreme Court win letting him remove officials without cause. But the justices appeared to struggle with how to insulate the Federal Reserve from politics.
Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates

The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
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.
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.
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.
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.
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.
Trump Administration Is Taking Billions in Stakes in Firms Like Intel

The Trump administration is trading billions of dollars of taxpayer money for ownership stakes in companies. The unusual practice shows no sign of slowing.