Fed chair tells Trump policy will not be politically influenced
May 30 (UPI) -- The Federal Reserve chair, Jerome Powell, has told President Donald Trump that monetary policy will not be influenced by politics. Powell…
AI chipmaker Nvidia to report first-quarter earnings on Wednesday
May 28 (UPI) -- Nvidia officials have scheduled a 5 p.m. EDT first-quarter earnings report that many expect to reflect the Trump administration's restrictions on…
Powell defends Federal Reserve in speech amid onslaught of attacks from Trump
WASHINGTON — Federal Reserve Chair Jerome Powell defended the central bank’s response to the COVID-19 pandemic Sunday in a Princeton University commencement speech in which he also…
Supreme Court rules Trump can fire 2 agency heads, at least for now
May 22 (UPI) -- The Supreme Court ruled Thursday in favor of President Donald Trump's firing of two Democratic board members of independent oversight agencies…
Federal Reserve maintains interest rate amid economic uncertainty
May 7 (UPI) -- The Federal Reserve on Wednesday announced the lending rate would hold steady due to economic uncertainty caused by the Trump administration's…
Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts
ADVERTISEMENTUS President Donald Trump intensified pressure on Federal Reserve Chairman Jerome Powell for interest rate cuts on Monday, calling him “a major loser” and warning…
Trump administration checking whether Federal Reserve chairman can be fired
April 18 (UPI) -- White House economic adviser Kevin Hassett on Friday spoke about tariff negotiations, a budget bill and the Federal Reserve on the…
Regulators approve merger of two big credit card companies, Capital One and Discover
1 of 2 | Capital One has more than 100 million customers. Photo by Pixabay April 18 (UPI) -- Capital One's planned $35.3 billion acquisition…
China warns it will retaliate if Trump imposes additional tariffs
April 8 (UPI) -- Beijing will retaliate if President Donald Trump makes good on his threat to impose a further 50% tariff on Chinese exports,…
Fed chair warns Trump’s tariffs will worsen inflation and lower economic growth
1 of 7 | Traders work on the floor of the New York Stock Exchange on Wall Street on Friday in New York City. The…
Deutsche Bank survey pushes recession probability toward 50%
A board at the New York Stock Exchange shows the Dow Jones Industrial Average below 500 points after the opening bell on Wall Street on…
Fed holds interest rates steady as U.S. economy attempts to navigate Trump policy
Federal Reserve Chair Jerome Powell testifies at a House hearing in Washington, D.C., in February. "If the economy remains strong, and inflation does not continue…
The Fed holds interest rates steady as U.S. economy attempts to navigate Trump policy
Federal Reserve Chair Jerome Powell testifies at a House hearing in Washington, D.C., in February. "If the economy remains strong, and inflation does not continue…
Treasury Secretary Scott Bessent dismisses market volatility amid Trump economic moves
1 of 3 | Treasury Secretary Scott Bessent speaks with reporters outside the White House on Thursday and dismissed concerns about stock market volatility amid…
January PCE inflation rose 0.3% for annual rate of 2.5%, meeting Dow Jones expectations
Personal consumption expenditures inflation rose 0.3% in January for an annual rate of 2.5%, the Bureau of Economic Analysis said Friday. Excluding food and energy,…
U.S. weekly jobless claims rise to 219,000
Thousands of job seekers attend a "career day" in an Amazon site in Crystal City, Virginia on September 17, 2019. File Photo by Tasos Katopodis/UPI…
Fed Chair Jerome Powell: ‘No hurry’ to adjust monetary policy
1 of 3 | Federal Reserve Chair Jerome Powell testifies at the Senate Banking, Housing and Urban Affairs committee hearing on Capitol Hill in Washington,…
U.S. job openings fall to 7.5 million in December, lowest since September
U.S. job openings fell to 7.5 million in December. Thousands of job-seekers are seen here atthe site of Amazon's future headquarters at a "career day"…
Trump concedes tariffs will bring ‘some pain’ but the ‘results will be spectacular’
1 of 2 | Cranes load containers onto trucks at the Port of Los Angeles in Los Angeles on December 3, 2024. Photo by Allison…
U.S. Treasury withdraws from global financial climate coalition
The U.S. Treasury on Thursday announced it was withdrawing from the Network of Central Banks and Supervisors for Greening the Financial System. File Photo by…