John Carney - Page 2

The Plymouth Colony’s survival depended on two linked transformations that echo loudly in today’s economic debates: abandoning collectivism for private property and severing dependence on imports in favor of domestic production.

Despite plenty of headlines about layoffs, American companies are not letting go of many workers.

Commerce Secretary Howard Lutnick went to Brussels this week with a refreshingly direct message.

Shutdown-delayed data suggest U.S. shoppers bought less gasoline, food, and other goods even as dollar outlays rose with prices.

A key measure of prices charged for goods and services produced in the U.S. showed that inflation continued to ease in September.

Treasury Secretary Scott Bessent told Breitbart Business Digest in an exclusive interview that the Trump administration is determined to end America’s dangerous dependence on China for critical materials and pharmaceuticals, describing the effort as “taking back our sovereignty.”

The Trump administration has successfully addressed the “three I’s” that he said were devastating working-class Americans: immigration, interest rates, and inflation, Treasury Secretary Scott Bessent said in an exclusive interview with Breitbart Business Digest co-authors Alex Marlow and John Carney

The only way to deter Democrats from causing another chaotic government shutdown is to threaten to strip them of the power to do so.

After years of Bidenflation raising prices at a staggering pace, American families are enjoying a less pricey Thanksgiving meal this year.

This week, the government finally revealed the September jobs data, and we learned about the mysterious resignation of yet another Fed official.

Tariffs paired with immigration policy, capital policy, and monetary policy are tools for breaking a low-wage equilibrium and pushing the economy toward more capital, more productivity, higher real wages, and a cooler price path.

“For too long we had trade negotiators that so believed in the fake idea of free trade over fair trade that they were willing to sell American workers down the river without actually negotiating in the interest of American workers,” Vance said.

The better-than-expected jobs report released Thursday shows that the Trump administration’s economic policies are working, Vice President JD Vance said.

More than twice as many as expected.

The new San Francisco Fed paper on tariffs opens the door for using customs duties in a way that the economics profession has almost never considered: as a macroeconomic policy tool.

Survey results released by the Federal Reserve Bank of Atlanta show that businesses have largely accepted that tariffs do not pose a risk of higher inflation.

The Federal Reserve spent 2025 worried about the wrong problem, mistakenly holding back on rate cuts out of fear that Trump’s tariffs are an inflation threat.

Year-t0-date, factory orders are up a solid 3.3 percent compared with the January through August period a year earlier.

“While underlying demand in the business remained relatively stable sequentially, an expected increase in demand in the third quarter did not materialize,” CEO Ted Decker said in the company’s earnings announcement.

A new paper from the Federal Reserve Bank of San Francisco suggests that the economic establishment’s narrative that tariffs drive up inflation is wrong.

Renaissance Macro economist Neil Dutta says the Federal Reserve is on the verge of making a serious policy mistake as various officials drift toward keeping rates steady instead of cutting next month.

The Census Bureau reported that construction outlays reached an annualized pace of $2.17 trillion, up 0.2 percent from July’s revised $2.165 trillion figure. The result beat economist expectations for a 0.2 percent decline.

Manufacturing activity surged across New York State in November, with a key Federal Reserve survey showing unexpected strength as business conditions hit their best level since last November and manufacturers expressed confidence about the months ahead.

The Federal Reserve released research proving its own rate-holding decision was based on a theoretical mistake.

Researchers at the Federal Reserve Bank of San Francisco examined major tariff changes from 1870 through 2020 across the United States, United Kingdom, and France. Their conclusion challenges the conventional wisdom that dominated economic policy debates in recent years: when countries raise tariffs, prices actually fall, not rise.

The Trump administration is floating an idea that sounds intuitive to a lot of people: portable mortgages.

Federal Reserve hawks may be on the verge of making a reckless bet based on incomplete information.

American companies operating in South Korea say the country’s antitrust regulator has turned enforcement into a political tool that unfairly targets them while protecting domestic competitors, according to a report released Wednesday by the National Bureau of Asian Research (NBR).

The 50-year mortgage risks converting a generation of would-be homeowners into highly leveraged tenants of their own dreams—a generation of owners in name but renters in substance.

The National Federation of Independent Business said Tuesday that its optimism index fell six-tenths of a point to 98.2. Five of the 10 components that make up the benchmark declined while four climbed.

American companies are freely purchasing Chinese AI services while Chinese companies have zero ability to purchase American AI services. That’s exactly the sort of one-way trade barrier that President Trump has promised to end.

The white collar workers in Brooklyn who elected Zohran Mamdani are experiencing the economic displacement felt by blue collar workers in the Rust Belt three decades ago. They are the natural next chapter of the Make America Great Again coalition.

Zohran Mamdani won big because he tapped into something that cuts across traditional class boundaries: a pervasive sense that the fundamental bargain of American economic life has broken down.

Key conservatives join liberals in doubting use of emergency law to impose duties on over 100 countries.

ADP report shows 42,000 jobs added, ending two-month decline.

Yesterday we explored how the battle over rate cuts has scrambled old alliances inside the Federal Reserve. Today we look closer at what’s driving that split and what it means for markets.