At White House Meeting, Trump Tells Powell It’s ‘A Mistake’ Not To Cut Rates
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House and urged the central bank to lower interest rates.

President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House and urged the central bank to lower interest rates.
Shares of Fannie and Freddie surged to their highest levels since 2008, driven by renewed hopes that Trump would a release them from federal conservatorship. But the fundamentals suggest that these shares are still worth little or nothing.
Mortgage giants’ shares rise as president says government oversight will remain.
The Baby Boomers built the bond bull, and heir retirement is dismantling it. But Washington still spends as if there’s an endless pool of capital waiting to buy Treasuries.
The Conference Board’s Consumer Confidence Index jumped by 12.3 points in May, the largest monthly gain in four years.
Trump’s threat of a 50 percent tariff on EU imports might actually help the European Union overcome its dysfunction.
They keep saying the economy is going to slump and it keeps not happening.
Ruling strengthens president’s control of federal agencies and limits legal tactics aimed at blocking White House agenda
Many Wall Street pundits were quick to hit the panic button after Wednesday’s soft 20-year Treasury auction. Yields jumped. Stocks fell. And commentators wasted no time diagnosing a crisis.
The upturn in activity suggests the economy is more resilient to tariffs and market volatility than many analysts believed.
We don’t need to fiddle with the retirement age. We need to build an economy that can actually support the promises we’ve already made.
The share of registered voters saying their household financial situation is worse than a year ago fell to 31.8 percent, the lowest since January 2022, according to a survey released May 18.
Opponents of the One Big Beautiful Bill are turning once again to their most familiar weapon: the deficit forecast.
Summer 2025 is going to be full of great American road trips thanks to cheap gas and abundant energy.
The barometer of expectations among Republicans fell to the lowest level since before the election.
Import prices ticked up slightly in April, driven by higher costs for nonfuel goods even as fuel prices continued to slide, according to data released Friday by the Bureau of Labor Statistics. The Import Price Index rose 0.1 percent in
April’s inflation reports were supposed to show the U.S. consumers were bearing the burden of President Trump’s new tariffs, but they didn’t.
Eggselent news!
American consumers spent more at restaurants, appliance stores, garden and home improvement centers, and home furniture retailers in April. Spending at restaurants and bars increased by 1.2 percent last month, an indication that U.S. consumers are not shying away from
Prices paid to U.S. producers of goods and services unexpectedly declined in April, defying predictions that tariffs would reignite inflation. The producer price index for final demand fell 0.5 percent last month, the Labor Department said on Thursday, the largest
For decades, American consumers have been paying the world’s highest drug prices—not because we use more medicine, or demand higher quality, but because our government chose not to negotiate.
Trump is keeping up the pressure on the Fed to cut rates.
April’s CPI came and went with no sign of the Trump administration’s new tariffs pushing up inflation.
The great American egg crisis that started under Biden appears to be coming to an end under Trump.
Tariffmageddon has not come for American kids.
Prices rose by 0.2 percent in April compared with March. Economists had forecast a 0.3 percent. Compared with a year ago, prices are up 2.3 percent, less than the 2.4 percent forecast.
After a weekend of high-level negotiations in Geneva, the United States and China agreed to a dramatic temporary rollback of tariffs.
The U.S. will reduce its reciprocal tariff on Chinese imports to 10 percent, down from the 125 percent level imposed during the height of the trade standoff earlier this year.
The election of the first American pope has tax lawyers wondering if the IRS will try to collect taxes on the new Pontiff’s in-kind compensation.
Household sentiment weakens as income expectations fall and job fears rise, supporting Trump’s call for rate cuts
President Donald Trump indicated that he would approve an 80 percent tariff on China but said the path of the negotiations would be up to Treasury Secretary Scott Bessent. “80% Tariff on China seems right! Up to Scott B,” Trump said in
When Trump calls for tax cuts to boost American growth, we can debate their fiscal merits; but let’s not pretend they’re a guaranteed path to trade imbalance. The theory behind that claim is old, contested, and, in many cases, simply wrong.
Obama tried to scare the people of the U.K. out of voting for Brexit by saying it would put them at the back of the queue for trade deals. Nine years later, the U.K. became the first country to cut a trade deal with the U.S. under President Trump.
President Donald Trump once again took aim at Federal Reserve chairman Jerome Powell on Thursday, apparently unhappy with the central bank’s decision Wednesday to hold its interest rate benchmark steady.
Many economists have successfully challenged the idea that budget deficits lead to higher trade deficits.
The Federal Reserve looked past the recently reported economic contraction in the first three months of the year, describing economic growth as solid when officials agreed to hold interest rates steady on Wednesday. “Although swings in net exports have affected
The Fed is stuck between crosscurrents: too strong to ease, too shaky to hike. The best they can do is what they’ve been doing—waiting for the fog to lift.
Treasury Secretary Scott Bessent said Tuesday that he expects the first quarter GDP figures will be revised up, hinting that the contraction recorded in the government’s first estimate of economic growth for the January through March period might be flipped into
Tariff front-running led to a historic surge in imports in March.
This week, America’s new economic doctrine came into focus thanks to a pair of speeches from Vice President JD Vance and Treasury Secretary Scott Bessent.