It Is Happening Every Day, Every Where
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.
The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February.
Lawmakers voted to invalidate a rule adopted last year by the Consumer Financial Protection Bureau. It now moves to the House.
World Liberty Financial, the crypto business created by President Trump and his sons, unveiled a cryptocurrency called a stablecoin, furthering his ties to an industry his administration regulates.
The justices unanimously said a law prohibiting “any false statement or report” did not cover misleading assertions that fell short of outright lies.
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.