Fed study finds Trump tariffs backfired

2019-12-27

Getty Images President Donald Trump and Vice President Mike Pence examine a wheel loader from Caterpillar Inc. on the South Lawn of the White House in 2017. President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices,Read More →

No end in sight for ECB’s inflation problem

2019-10-01

Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECBRead More →

Trump says he wants more than ‘small’ Fed rate cut

2019-07-29

Associated Press President Donald Trump has been pressing for easier Fed policy since last fall. President Donald Trump on Monday made it clear that he wants more than a quarter-point interest rate cut from the Federal Reserve. “A small rate cut is not enough,” Trump wrote on Twitter on Monday.Read More →

Five things to watch from this week’s crucial Fed meeting

2019-07-29

Bloomberg News/Landov Fed Chairman Jerome Powell at his news conference following the Federal Open Market Committee (FOMC) meeting last month. Economists are broadly expecting the Federal Reserve to lower its benchmark interest rate this week by a quarter-point, the first cut in 10 years. With an easing seemingly a faitRead More →