A bipartisan roster of former Treasury secretaries, Federal Reserve chairs and other senior economic policymakers asked the Supreme Court to stop President Donald Trump from removing Fed Governor Lisa Cook, warning that the central bank’s independence and the economy’s stability
Orders for long-lasting factory goods made in the U.S. rose sharply in August, lifted by a surge in aircraft bookings but also showing gains in business equipment that point to resilient investment.
The U.S. economy grew at a faster pace in the second quarter than was earlier estimated, the U.S. government said Thursday.
When economists talk about immigration, they usually focus on jobs, wages, or fiscal costs. Federal Reserve Governor Stephen Miran wants to add another dimension: interest rates.
New-home sales surged in August to their strongest pace in more than three years.
We should remove the tax burden that is keeping older Americans locked into their homes and younger Americans locked out.
Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.
The September purchasing managers’ indexes from S&P Global showed companies in manufacturing and services reported sharply higher input costs, which they primarily attributed to tariffs. But weak demand and fierce competition prevented most from raising prices, leading to the weakest goods inflation since January.
Trump’s critics insisted tariffs would be the spark that lit a global trade war. But the trade war never arrived.
The Supreme Court on Monday cleared the way for President Trump to remove a Federal Trade Commission commissioner and agreed to resolve long-standing constitutional questions about White House authority over independent agencies.
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Speaking at the Economic Club of New York, Miran argued that the Fed’s benchmark rate should be closer to two to 2.5 percent, roughly two points below its current level.
Washington, D.C. –When Umut Abakirova graduated from the American University of Central Asia, she began her career as a loan officer. Two decades later, she is one of Central Asia’s most prominent women in finance: chief executive of Bakai Bank, one of the Kyrgyz Republic’s largest private lenders.
Jimmy Kimmel might have hastened his exit by spreading falsehoods about Charlie Kirk’s assassin, but he was marching toward the end long before this week.
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?
Administration argues courts shouldn’t second-guess presidential judgment when Congress gives broad removal power
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.
The D.C. Circuit Court of Appeals handed Federal Reserve Governor Lisa Cook a temporary victory against President Trump. Here’s why the Supreme Court will likely reverse this.
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 Trump administration’s immigration restrictions are set to deliver roughly $700 in additional annual income to the typical American household by 2028.
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.
