Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
Trump advisers were weighing whether to strip Michael Barr of his leadership role at the Fed, but Barr stepped down from the job Monday.
The Federal Reserve might be unable to lower its benchmark lending rate until late in the autumn, market-derived data suggested Friday, as a global selloff in government bond markets suggests extended inflation pressures over the coming months.
Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White
Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.
As President-elect Donald Trump prepares to return to the White House, the U.S. dollar has, by some measures, never been stronger.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.
If confirmed as Treasury Secretary, Bessent would be tasked with steering federal fiscal policies set by Congress and the White House. He would also be the main go-between of the White House and Federal Reserve,
President Joe Biden had good news to deliver in the final jobs report of his administration, which saw jobs growth that defied expectations. Speaking from the Roosevelt Room in the White House on Friday evening, Biden touted the "transformational progress" the economy has made under his watch.
Ripple executives reportedly pitched adding XRP to a federal crypto reserve during a private dinner with Trump at Mar-a-Lago.