Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters The Federal Reserve likely will stick to the business at hand when it...
What Trump’s historic election victory means for the global economy
Donald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump said an "unprecedented and powerful mandate" would usher...
Powell and the Fed won’t be able to avoid talking about Trump forever
Federal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader's thoughts about President-elect Donald Trump. At some point, though, Fed policymakers, economists and analysts will need to account for what likely will be an ambitious...
Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs
President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump's first term from 2017-21, told CNBC that he sees...