President Trump on Tuesday suggested cost overruns in the Federal Reserve’s headquarters renovation could be a fireable offense for Fed chair Jerome Powell. Why it matters: The president and his administration want to be rid of Powell so they can install a chair who will follow Trump’s dictate to lower interest rates. While the central […]
Trump says Fed renovations issue might be fireable for Powell Read More »
WPP has named Microsoft executive Cindy Rose as its next CEO amid mounting pressure from big client losses and AI disruption. Praesent nisl est, rhoncus at augue sed, semper fermentum lacus. Nullam a suscipit turpis, a facilisis diam. Sed luctus in nibh eu laoreet. Pellentesque varius lacinia hendrerit. Nunc mauris nunc, dapibus sit amet ullamcorper
WPP picks Microsoft’s Cindy Rose as CEO Read More »
Americans live in separate economic realities: Those with a job are likely to stay employed, but those without one are likely to stay unemployed. Why it matters: Welcome to the low-hire, low-fire labor market. Private-sector layoffs are at historic lows, but that masks a dreadful outlook for unemployed workers or those unhappy with their current
America has two labor markets now Read More »
Countries that don’t make trade deals with the U.S. by August 1 can expect tariff rates to return to the levels announced in April, Treasury Secretary Scott Bessent said Sunday. Why it matters: It’s effectively a new deadline for the biggest U.S. trading partners to negotiate an alternative to President Trump’s sweeping global tariffs —
Tariffs return to April rates on August 1 without deals, Bessent says Read More »
President Trump said the U.S. will begin sending letters Monday to other countries setting a tariff rate on their imports. Praesent nisl est, rhoncus at augue sed, semper fermentum lacus. Nullam a suscipit turpis, a facilisis diam. Sed luctus in nibh eu laoreet. Pellentesque varius lacinia hendrerit. Nunc mauris nunc, dapibus sit amet ullamcorper vel,
Trump tariff letters going to a dozen countries Monday Read More »
President Trump on Sunday accused Federal Reserve Chairman Jerome Powell of artificially inflating interest rates and said they should be less than half of what they are now. Why it matters: After Trump’s threats to fire Powell scared global bond markets and caused interest rates to spike, the president and his administration have turned to
Trump accuses Powell of keeping interest rates “artificially high” Read More »
