John Carney

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Articles by John Carney

Bessent Says Trump Tariffs And Tax Cuts Powered a ‘Historic Turnaround’

Speaking to business leaders at the Economic Club of Minnesota, Bessent laid out a vision of an economy revitalized by strategic government intervention in trade, sweeping changes to the tax code, and a sharp pivot away from regulations he said had stifled entrepreneurship and innovation.

WASHINGTON, DC - DECEMBER 11: U.S. Secretary of the Treasury Scott Bessent speaks in the O

U.S. to Control Venezuelan Oil Sales Indefinitely

The Trump administration will sell Venezuelan oil “indefinitely” and control the proceeds, Energy Secretary Chris Wright announced Wednesday, as part of the administration’s broader strategy to manage Venezuela’s oil exports and rebuild its energy sector.

Maracaibo, Venezuela. 12-04-2025. An oil tanker is seen anchored in Lake Maracaibo after l

Slump in Key Gauge of Factory Activity Points to Better Times Ahead

U.S. manufacturing activity contracted for the tenth consecutive month in December, but the details of the report suggest production could strengthen in the months ahead. The Institute for Supply Management’s manufacturing index fell to 49.3 from 48.4 in November, remaining

A person wearing welding goggles as they use a welding torch to construct an abstract scul

AP Pushes Misleading ‘Noticing Inflation’ Holiday Shopping Narrative

Are Americans feeling worse this holiday season than in recent years? That’s the narrative emerging from the legacy press but there’s very little to support it. The Associated Press published a widely distributed story this week claiming American shoppers face

A young supermarket customer is shocked by the high prices of her purchases, so she checks

Bessent Moves to End FSOC’s Drift, Putting Growth and Security at the Center

Treasury Secretary Scott Bessent on Thursday outlined a sweeping reset of the U.S. government’s main financial stability watchdog, arguing that the Financial Stability Oversight Council should treat economic growth and economic security as preconditions for stability, not competing goals

NEW YORK, NEW YORK - NOVEMBER 12: US Treasury Secretary Scott Bessent visits "FOX &am

Deeply Divided Fed Lowers Rates by Quarter-Point

The Federal Reserve approved a quarter-point interest rate cut Wednesday, the third consecutive interest rate reduction since the Fed resumed easing monetary policy in September.

WASHINGTON, DC - OCTOBER 29: Federal Reserve Chair Jerome Powell speaks during a news conf

Job Openings Climb To Five Month High

Job openings unexpectedly rose in recent months, climbing to 7.7 million in October, according to data released Tuesday by the Bureau of Labor Statistics. Openings were last reported at 7.2 million in August, according to a report released on September

MIAMI, FLORIDA - MAY 05: A 'Now Hiring' sign posted in the window of a restauran