John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.
Category: United States Economy
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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.
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Trump to Unveil Farmer Aid as China Shuns U.S. Crops
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
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Treasury Defends Minting a $1 Trump Coin Despite 1866 Law
The Treasury Department said that a 2020 collectible coinage law allows a living person to appear on U.S. currency.
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Trump Aimed Shutdown Cuts at Democrats, but G.O.P. Districts Are Hit, Too
As the president cancels projects in Democratic-run states, he is cutting money that benefits his own party’s lawmakers in some of the most competitive House districts.
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Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.
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Why Are H-1B Visas Suddenly a Big Deal? One Reason: Tech Jobs Disappeared
The president’s decision to charge employers $100,000 per visa for skilled workers seemed to come out of nowhere. But the grievance behind it has been simmering.
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The Jobs Report That Wasn’t Leaves Economists Guessing
Policymakers will enter uncharted territory without employment data that the government is expected to withhold because of its shutdown.
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Shutdown Puts a Divided Fed in a Perilous Position
Some policymakers at the central bank are in a rush to lower interest rates after the Federal Reserve’s first cut this year, while others are urging caution.
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Why Is Las Vegas Tourism Declining? It’s a Perfect Storm.
As prices skyrocket and international travel declines, the city finds itself caught in a perfect storm.
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White House Pulls Pick to Lead Labor Data Agency
E.J. Antoni, a conservative economist, had faced bipartisan criticism as President Trump’s nominee to lead the Bureau of Labor Statistics.
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Government Shutdown Could Delay Economic Data at a Critical Moment
“Flying blind amidst heavy fog is a dangerous proposition,” one economist said about the risks of a lapse in official statistics.