Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.
Hearings that began Wednesday in Washington reflected anxiety over the future of the U.S.-Mexico-Canada trade pact and whether the president could end up scrapping it.
Readers told us how insurers are raising premiums and, in some cases, cutting back coverage, as climate change shakes up the real estate market.
While growing evidence shows that carbon emissions are harming the economy, the journal Nature found that an outlier paper had deep flaws.
The scores aimed to predict a property’s risk from fires, floods and storms, but some in the real estate industry as well as homeowners have called them inaccurate.
Data on spending this week shows that consumers are shopping big for the holidays despite inflation and economic worries.
The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
The Trump administration is spending billions of dollars on deals with ownership stakes in companies. The unusual practice shows no sign of slowing.