U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty ImagesPresident Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.Speaking at the premiere for "Melania," the film...
Category: Economy
Fed’s main gauge shows inflation at 2.8% in November, edging further away from target
People shop at a Costco store in the Staten Island borough of New York City, U.S., Jan. 16, 2026. Brendan McDermid | ReutersInflation drifted slightly further from the Federal Reserve's target in November though in line with expectations, according to the central bank's preferred gauge released Thursday.The personal consumption expenditures...
Europe weighs using trade ‘bazooka’ against the U.S. as Greenland crisis deepens
A protester takes part in a demonstration to show support for Greenland in Copenhagen, Denmark, on Jan. 17, 2026.Tom Little | ReutersEuropean states are reportedly considering retaliatory tariffs and broader punitive economic counter-measures against the U.S. after President Donald Trump threatened fresh export levies, deepening a rift over Greenland.Trump announced...
China keeps benchmark lending rates unchanged despite slowing economic growth
BEIJING, CHINA - JANUARY 06: The People's Bank of China (PBOC) building is seen on January 6, 2025 in Beijing, China. Visual China Group | Getty ImagesChina's central bank kept its loan prime rates unchanged on Tuesday as the authorities focus on targeted support for specific sectors to bolster a slowing...
Trump tells Hassett he wants to keep him where he is; Warsh Fed chair odds jump
President Donald Trump on Friday said he'd prefer to keep National Economic Council Director Kevin Hassett in his position as top economic advisor, a statement that could change the dynamic in the race to see who will replace Jerome Powell as Federal Reserve chair.During an appearance in the White House,...