Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank’s independence.
Category: United States Economy
-
How Lutnick Is Using Government Power to Pressure Private Companies
Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy.
-
Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.
Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
-
Supreme Court Agrees to Review Trump’s Sprawling Tariffs
The justices moved quickly to schedule oral argument to consider the legality of the president’s signature economic initiative.
-
US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.
-
Employers Added Fewer Jobs Than Believed, Updated Data Shows
Preliminary annual revisions could add to political pressure on the agency that produces the data.
-
Second Weak Jobs Report Undercuts Trump’s Claims of a Booming Economy
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.
-
Employers added 22,000 jobs in August.
Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
-
Weak Jobs Report Strengthens Case for Fed to Cut Interest Rates
A reduction at the Federal Reserve’s next meeting this month looks all but assured after August’s labor market data.
-
Is Jobs Data Still Reliable? Why Economists Say Yes.
President Trump’s decision to fire the head of the Bureau of Labor Statistics has prompted questions about political interference.
-
Mounting Deportations Meet Slow Hiring in a ‘Curious Kind of Balance’
An influx of immigrants helped ease worker shortages, and now their expulsion is helping to mask the country’s weakening demand for labor.
-
U.S. Imports Rose in July Following Months of Trade Turmoil
Data released Thursday morning showed trade rebounding slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States.