WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair Jerome Powell also cautioned…
A trader reacts on the floor at the New York Stock Exchange in New York City, U.S., August 22, 2025. Brendan McDermid | Reuters Stocks hit fresh records on Tuesday as investors stepped further into the artificial intelligence trade a…
WASHINGTON (AP) — Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump,…
Kristalina Georgieva (Bloomberg) — Central bankers, already uneasy about trade tensions and swelling public debt, will collectively confront a new worry in the coming week: the danger of a market crash. Global policymakers and finance ministers will gather in Washington…
NEW YORK (AP) — If the U.S. government’s latest shutdown can’t stop the stock market, what can? Stock prices keep rising, even as the shutdown delays important economic reports that usually steer trading. The S&P 500 and Dow Jones Industrial…
U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura…
WASHINGTON (AP) — President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The…
US stocks fell on Tuesday, pulling back from a record-setting streak, as Fed Chair Jerome Powell signaled the central bank would proceed cautiously on further rate cuts and suggested equities were “fairly highly valued.” The Dow Jones Industrial Average (^DJI)…
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in…
WASHINGTON (AP) — President Donald Trump said Monday night that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an…