Solid Labor Market Gives Fed Cover to Extend Rate Pause
Across a number of metrics, the labor market looks remarkably stable even as it has cooled. Monthly jobs growth has stayed solid and the unemployment rate has barely budged from its current level of 4 ...
Trump’s Executive Orders Leave Imprint on the Fed
The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.
The Treasury Secretary Says Trump Wants Long-Term Interest Rates to Fall—It May Take a While
Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.
How Bessent Could Solve the Debt Problem: 3-3-3, DOGE, and a Dose of ‘Repression’
Interest expense is the fastest-growing and most nettlesome part of the federal budget, now exceeding military spending.
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
Bessent on Powell: ‘I’m sure he’s going to do the right thing’
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in the central bank Chair Jerome Powell, ...
Bitcoin reserves and sovereign wealth funds in the US, explained
US lawmakers are pushing crypto regulation while states advance digital asset bills, but are sovereign wealth funds the same ...
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
While in the past Trump has implored the Fed to cut its benchmark rate, Bessent said the current strategy is using the levers ...
Hosted on MSN1d
Fed’s Jefferson signals patience on rates due to Trump’s policy uncertainty
Vice Chair of the U.S. Federal Reserve, Philip Jefferson, said on Wednesday that he’s in no rush to change the central bank’s ...
U.S. News & World Report1d
Fed's Jefferson: in No Rush to Reduce Level of Policy Restraint
(Reuters) - U.S. Federal Reserve Vice Chair Philip Jefferson on Wednesday said he is content to keep the central bank's policy rate in its current position until policymakers get a better sense of the ...
Investing6d
Fed Goolsbee sees solid inflation performance, expects lower rates in future
Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, shared his views on the recent personal consumption expenditures (PCE) data during an interview on CNBC. The PCE core reading ...