The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
Category: United States Politics and Government
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Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.
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Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World
Swiss officials plan to negotiate furiously for a lower rate in the coming days, before the punishing levy takes effect.
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Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.
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Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.
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Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief
Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries.
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On Eve of Tariff Deadline, Trump’s Trade War Faces Key Court Test
A federal appeals panel will hear arguments from states and businesses that seek to invalidate the president’s tariffs.
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Trump’s Fight With the Fed Won’t End With Rate Cuts
President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.
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On Eve of Tariff Deadline, Trump’s Trade War Faces Key Court Test
A federal appeals panel will hear arguments from states and businesses that seek to invalidate the president’s tariffs.
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Art Spiegelman, John Waters and Other Banned Artists on How Censorship Changed Them
Nine artists on how American censorship changed their work and their lives.
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Trump Announces Health Care Records System for Consumers
The administration is working with tech companies to make sharing information with various providers easier. Experts raised concerns about privacy and security.