John Carney - Page 11

The fight over Lisa Cook’s seat on the Board of Governors of the Federal Reserve turns on a deceptively simple question: does a Fed governor have a property right in exercising their power over monetary policy?

The lender in two home loans made to Treasury Scott Bessent in 2007 knew they were not his primary residences.

American businesses shouldn’t be locked into 1970s-era regulatory uniformity on the frequency of their earnings reports.

Central bank reduces benchmark rate by a quarter percentage point in first cut of 2025, as officials navigate extraordinary political pressures and economic uncertainty.

Spending rose 0.6 percent for third straight month, much stronger than expected.

A divided federal appeals court on Monday refused to let President Donald J. Trump immediately oust Federal Reserve Governor Lisa D. Cook, but a forceful dissent warned that the decision misapplied both constitutional law and common sense.

The Senate on Monday confirmed Stephen Miran, chairman of the White House Council of Economic Advisers, to a seat on the Federal Reserve Board, giving President Donald Trump an influential voice inside the central bank at a critical moment for monetary policy.

The U.S. economy is projected to grow at a faster pace over the next three years thanks to recent tax cuts and spending measures by the Republican majorities on Capitol Hill and signed into law by President Donald Trump, the

For Beijing, the decisive moment came when Trump’s threat proved real. “If there hadn’t been a deal,” Bessent said, “then TikTok would’ve gone dark in 48 hours.”

Welcome to the inaugural Friday Wrap, our weekly survey of the economy, Wall Street, Silicon Valley, and the bureaucrats who pretend they can read the future by staring at spreadsheets.

Consumer confidence dropped sharply in September to its lowest level in four months, according to preliminary data released Friday, as Americans expressed growing anxiety about job security and the persistence of high prices.

Once again, the consumer price index has failed to deliver the tariff-inflation spiral that economists and the media have promised.

A big jump in claims to the highest since 2021 put pressure on the Fed to cut rates.

Inflation rose in August but there was no evidence of broad tariff pass-through to consumers.

The August producer price report delivered yet another blow to the doomsayers who predicted President Donald Trump’s tariffs would ignite inflation.

The committee voted 13-11 along party lines to advance Miran’s nomination to the full Senate, where it is expected to come up for a vote on Monday. 

President Donald Trump on Wednesday appealed a federal judge’s order that prevented him from firing Federal Reserve Governor Lisa Cook, escalating a legal fight over the president’s power to reshape the central bank. The appeal, filed in the U.S. Court

A federal judge on Tuesday blocked President Donald Trump from removing Lisa Cook from the Board of Governors of the Federal Reserve, ruling that his attempt to oust her over unproven mortgage-fraud allegations likely violated federal law and her constitutional

Prices paid to U.S. businesses unexpectedly fell in August, putting pressure on the Federal Reserve to cut interest rates and undercutting claims that the Trump administration’s tariffs would cause inflation to pick up.

For two years in a row, the cheerleaders of Bidenomics assured us that any discontent was in our heads—a trick of bad vibes and social media. It turns out the voters were right, and the official statistics were wrong.

Small business optimism ticked higher in August, as owners reported better sales expectations and improving profits but showed little evidence of passing on higher costs from tariffs.

The U.S. economy added nearly a million fewer jobs in the year through March 2025 than previously reported, according to preliminary figures released Tuesday by the Bureau of Labor Statistics. The revision, the largest on record, suggests job growth during

A new poll asking Gen Z Americans to rate their top priorities reveals that Harris and Trump voters disagree on more than just politics.

The Supreme Court on Monday allowed President Donald Trump to remove a Democratic member of the Federal Trade Commission, delivering a significant victory for the administration in a case that tests long-standing limits on presidential control over independent regulatory agencies.

Trump’s immigration enforcement has delivered something rare in American politics: a policy that does exactly what its supporters promised.

The number of foreign-born workers in the United States has declined by nearly one million since President Donald Trump took office in January, reversing a trend that had driven much of the country’s job growth in 2024, according to Labor

The U.S. economy added 22,000 jobs in August, the Labor Department reported Friday, as the unemployment rate edged up to 4.3 percent—figures that come amid growing questions about the reliability of the government’s closely watched monthly employment data.

The Federal Reserve’s Beige Book reveals the hidden mechanism dampening inflation pass-through from tariffs.

Stephen Miran, President Trump’s nominee for an open Federal Reserve position, appeared to reassure Republican lawmakers about his commitment to central bank independence Thursday, weathering a barrage of attacks from Democratic senators during his confirmation hearing. Miran, who serves as

The United States is experiencing lower goods inflation than most of its international peers despite a modest recent increase, according to a new analysis from the Council of Economic Advisers that seeks to counter claims that trade policies are fueling higher prices.

The U.S. trade deficit surged in July to its highest level in four months as American businesses rushed to import goods ahead of expected tariff increases, the Commerce Department said Thursday.

ADP report shows hiring momentum slowing as leisure sector drives modest job gains.

The most important development for reading employment data isn’t coming from the Bureau of Labor Statistics. It’s coming from immigration policy.

Orders excluding transportation rise 1.1% in July, signaling resilient industrial activity

Manufacturing and construction bucked the trend with strong rises in openings.

Countries pursue mercantilist policies not because they’re naturally better at producing certain goods, but because they want to maintain consumption deficits while America absorbs their excess production.