The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
Category: United States Economy
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Latest Fed Minutes Underscore Divisions Over Pace of Interest Rate Cuts
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
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Trump Takes Reins on U.S. Economy With Policy Bill and Tariffs Renewal
President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.
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Trump Keeps Foreign Countries on Edge as Tariff Deadline Nears
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.
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How Republicans Re-engineered the Tax Code
The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
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Why China Isn’t Lecturing Trump About His Costly Bill
Beijing has a history of warning Washington about the safety of its Treasury holdings. This time it may have reasons to stay silent, at least publicly.
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Hiring Held Steady in June as Employers Added 147,000 Jobs
The strength of the labor market suggests that the economy remains robust despite uncertainty caused by President Trump’s tariffs and geopolitical turmoil.
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Solid Jobs Report Keeps Fed Rate Cuts at Bay
The latest labor market data reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
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Trump Says U.S. Has Reached Trade Deal With Vietnam
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
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How Immigration Could Muddy the Jobs Numbers
Job growth is expected to fall this year, adding to pressure on the Federal Reserve to cut interest rates. But the slowdown might reflect a smaller labor force, not declining demand from employers.
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Poorest Americans Would Be Hurt By Trump’s Big Bill
Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
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The Dollar Has Its Worst Start to a Year Since 1973
It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.