News

The tariff-driven US inflation that economists feared begins to emerge
Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% ...
President Trump coming to Pittsburgh to promote energy investments
President Donald Trump and Sen. David McCormick of Pennsylvania will jointly announce roughly $70 billion of energy ...
Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor." ...
The Baltimore Banner1h
US inflation accelerated in June as Trump’s tariffs push up costs
Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the ...
Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'
The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work?
Fed's Powell asks watchdog to take fresh look at renovation project, Politico reports
U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project ...
Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency
White House officials accuse Federal Reserve chair Jerome Powell of mismanaging its building renovations, which cost $700 million more than expected. Office of Management and Budget Director Russell ...
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.” ...