In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor .There are the rock-bottom bond yields, plodding economic growth and, not to be understated, the Federal Reserve seemingly pulling all the...
St. Louis Fed President James Bullard wanted his fellow central bankers to approve an "insurance" rate cut at this week's meeting as a guard against weaker growth and low inflation.In a statement Friday, Bullard explained his vote against the Federal Open Market Committee's decision to leave its...
A 'Now Hiring!' sign stands on display next to the Jiffy Lube International booth during a Job News USA career fair in Overland Park, Kansas.Luke Sharrett | Bloomberg | Getty ImagesThe number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying...
An employee welds a specialized metal product in the shop at the Amuneal Manufacturing plant in Philadelphia, Pennsylvania.Paul Taggart | Bloomberg | Getty ImagesThe Philadelphia Federal Reserve's manufacturing gauge tumbled this month, bolstering the case for an easing of  the central bank's monetary policy.The manufacturing index, relesaed Thursday,...
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month even though economic conditions don't seem to warrant such an aggressive move, according to Goldman Sachs economists.In a substantial revision to its prior forecasts that the central bank would stand pat,...
Construction workers build a single-family home in San Diego.Mike Blake | ReutersU.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates.Housing starts...
Roughly one year into the U.S. trade war with China, importers and exporters are still finding workarounds for the tariffs. But with new tariffs going into effect this month and no end to the battle in sight, experts say it may be only a matter of time before...
President Donald Trump is not currently considering removing Jerome Powell as head of the Federal Reserve, despite persistent White House criticism of the way the central bank is handling monetary policy, one of the president's top advisors said.Larry Kudlow, director of the National Economic Council, said Trump is...
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a press conference following the Federal Open Market Committee meeting in Washington, D.C., May 1, 2019.Anna Moneymaker | Bloomberg | Getty ImagesIt's rare that I feel that both the Federal Reserve and Wall Street are wrong, but I...
Jerome Powell, chairman of the U.S. Federal Reserve, right, walks with Mario Draghi, president of the European Central Bank (ECB), during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April 20, 2018.Andrew Harrer | Bloomberg | Getty ImagesIt's...