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.
U.S. manufacturing activity picked up sharply in August, according to a pair of surveys released Tuesday, offering mixed but cautiously encouraging signals for the industrial economy as new orders returned to growth and output surged.
The privater sector has added nearly 500,000 jobs while government payrolls are shrinking.
This week saw a series of unprecedented events that may signal the end of the form of central bank independence as we have known it for more than a century.
Inflation held steady in July, with the Federal Reserve’s preferred price gauge showing a slight deceleration in cost pressures and defying predictions from Fed Chairman Jerome Powell that tariffs would push up consumer prices.
Lisa Cook, who was confirmed as a Governor of the Federal Reserve in 2022, wants a federal judge to do something no court has attempted in the Fed’s 112-year history: define what “for cause” means when a president tries to fire a Fed governor.
Lisa Cook sued President Trump on Thursday, challenging his attempt to fire her from her seat on the Federal Reserve’s board of governors, in a legal battle that could reshape the relationship between the White House and the nation’s central
Gross domestic product rose at a 3.3 percent annualized rate in the second quarter, up from the Commerce Department’s initial 3.0 percent estimate and above the 3.1 percent pace economists had forecast.
Measured against the history, the text, and the institutional logic, the legal ground in the Lisa Cook dispute tilts toward presidential discretion, not judicial oversight of central bank staffing.
The Federal Reserve issued its first response Wednesday to President Trump’s attempt to remove Gov. Lisa Cook, stopping short of backing her planned court challenge or directly criticizing the president’s action.
When President Donald J. Trump moved to fire Federal Reserve governor Lisa D. Cook this week, he touched off an immediate debate about what the law means when it says a Fed governor can be removed only “for cause.” Supporters
Federal Reserve Governor Lisa Cook’s attempt to overturn her removal faces long odds.
Consumers reported better assessments of current business conditions and a modestly improved outlook for the next six months. Both measures rose in August, suggesting households see momentum outside the labor market.
A key gauge of U.S. business investment rose at the fastest pace in several months in July, underscoring steady demand for equipment.
The Trump administration’s decision to take a ten percent stake in Intel is not socialism. It’s a financing innovation designed to overcome Wall Street’s allergy to capital investment.
Sales of new single-family homes slipped in July but still beat expectations, as lower prices and builder incentives helped offset high borrowing costs. The Commerce Department reported a seasonally adjusted annual rate of 652,000, down 0.6 percent from June and
Harvard economist Claudia Goldin opened the Fed’s Jackson Hole symposium with a paper linking low fertility in advanced economies to men who don’t do their share of housework.
There will be no trade war because our allies are giving in to Trump’s trade policies.
The Federal Reserve on Friday discarded a central element of the framework it adopted five years ago, formally abandoning a strategy that sought to allow inflation to run modestly above its two percent target in certain circumstances.
Fed chairman Jerome Powell signaled on Friday that the central bank could be ready to cut interest rates as soon as next month.
America’s factories are humming, demand is solid, and prices are rising alongside precautionary inventories. The Fed’s theory inflation “lag theory” doesn’t explain this.
