Fed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, to step down.
Trump, Claiming Weak Jobs Numbers Were ‘Manipulated,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
Recent global trade deals with the U.S. were secured with murky investments.
were secured with huge, often vaguely defined investment pledges from partners like Japan.
How Tariffs Raise Costs for Farmers, Making Food More Expensive
The latest round of tariffs is likely to make agricultural production even more expensive and, potentially, limit access to goods not produced in the United States.
Federal Government Shed 12,000 Jobs in July
The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force.
Big Downward Jobs Revisions Could Be a Warning Sign for the Economy
Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market.
IFDP Paper: Food, Fuel, and Facts: Distributional Effects of Global Price Shocks
Saroj Bhattarai, Arpita Chatterjee, and Gautham UdupaWe estimate distributional implications of global food and oil price shocks by utilizing monthly panel data on consumption and income from India, and an IV strategy that removes variation coming from global demand shocks. While both shocks lead to stagflationary aggregate dynamics, they differ in terms of distributional consequences.
Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
Trump’s new tariff regime has begun after months of chaos and uncertainty. But is his approach working?
The beginning of August marks the latest deadline for US president Donald Trump’s “liberation day” tariff policy. This era of chaos and uncertainty began on April 2 and the situation remaims fluid. With the deadline for partners to secure a deal with Washington now passed, it’s a good time to take a broader view and consider if Trump’s trade gamble is paying off.
Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.
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