In a heated exchange over the Federal Reserve's independence, Jerome Powell rebuffs Trump's accusations of political influence, defending the Fed's data-driven decisions against a backdrop of economic challenges.
As Russia grapples with a weakening economy and high borrowing costs, central bank officials insist it's not in a recession. With wartime expenditures soaring and a disastrous harvest, experts warn of a potential debt crisis.
In a bold op-ed, hedge fund billionaire Ken Griffin criticizes President Trump’s attacks on the Federal Reserve, warning that undermining its independence could lead to higher inflation and long-term economic consequences. Could this strategy backfire and hurt senior voters in upcoming midterms?
French lawmakers have voted to remove Prime Minister François Bayrou, plunging the country into a political crisis as economic pressures mount. With a new prime minister on the horizon, the situation grows increasingly unstable.
Ray Dalio, founder of Bridgewater Associates, warns that increasing inequality in the US is paving the way for autocratic leadership. He criticizes business leaders for their silence on Trump’s policies and predicts dire economic consequences.
The US and EU have struck a trade deal aimed at avoiding a damaging trade war, but critics argue it heavily favors Trump’s policies. Will this accord truly stabilize relations or deepen the divide?
Could slashing the federal funds rate to 1% trigger economic turmoil? Experts warn that such a drastic move could stoke inflation and prompt businesses to hunker down rather than expand.
US Secretary of State Marco Rubio has called on China to intervene as Iran considers closing the critical Strait of Hormuz, a move that could drastically impact global oil prices and economies.
The Federal Reserve is set to keep interest rates unchanged as it navigates a cooling economy, rising oil prices, and uncertainty from Trump’s trade policies. With inflation concerns mounting, what’s next for U.S. monetary policy?
U.S. markets experienced a sharp sell-off as rising Treasury yields and fears of ballooning national debt spooked investors. With the S&P 500 and Dow Jones falling, the economic outlook looks grim as the Trump tax bill could worsen the fiscal situation.
