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The latest news and analysis about the health of the US economy.

Trump says Powell and Fed ‘failed to stop the problem they created’ on inflation

President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank 'failed to stop the problem they created' on inflation.

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Lutnick Says Trump Tariffs Will Restore US Economy, Respect

(Bloomberg) -- Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 Re

Trump Says Fed Has Done ‘Terrible Job’ on Banking Regulation

(Bloomberg) -- President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNewso

Powell Says Fed Doesn’t Need to Be in a Hurry to Lower Rates

(Bloomberg) -- Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNews

Trader Mints Millions in Hours on Bond Options Bet Tied to Fed

(Bloomberg) -- A bond trader appears to have hit the jackpot on a one-day options bet that Treasury yields would climb Wednesday after the Federal Reserve’s decision, potentially raking in millions of dollars in profits.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNewsom Enlist

The shadow of Trump looms over a cautious Fed

The Federal Reserve will gather this week for its first meeting of 2025 under the looming shadow of a new US president who is already posing challenges to the central bank with his words and possible actions.

US dollar retreats from 2-year high as Trump touts 'tremendous' tariff power, but holds off on swift action

The US dollar just saw its worst week in over a year as Trump held off on enacting tariffs — for now.

Manufacturing data shows American companies 'starting 2025 in an upbeat mood' as Trump takes office

Sentiment among US manufacturers shot higher in January as companies prepare for President Trump's second term in office.

The twin economic disparities Trump needs to manage: Morning Brief

President Trump faces a gap between the rich and poor, one that helped him get elected. But he also faces another one: the gap between a winning US and a losing Europe and China. Which may be a problem.

Trump says he will 'demand' interest rates drop, hinting at coming clash with Powell

Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.

Federal Reserve could hike rates if Trump tariffs unleash inflation: BNY CEO

BNY CEO Robin Vince won't rule out a Fed rate hike if Trump tariffs stoke inflation.

A trade war with China is coming as Trump takes office: Bremmer

Eurasia Group founder and president Ian Bremmer warned Monday that he believes the US is headed for a trade war with China just as Donald Trump assumes the presidency for the second time.

Trump and Powell could be on a collision course in 2025

Donald Trump and Federal Reserve Chair Jay Powell have clashed before, and may be set to do so again in 2025.

Trump makes the Fed's challenging inflation fight more complicated

Inflation was a top concern for central bank leaders in 2024. Donald Trump could make the fight against higher prices even more difficult.

Investors cheered December's inflation data. Experts say US economy is not 'out of the woods' yet.

December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for most economists.

Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged

Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.

White House rescinds its memo freezing federal spending — sort of

The Trump administration rescinded its controversial memo ordering a freeze on federal aid and grant programs Wednesday but insisted it would still follow through on plans to pause certain types of federal spending.

Treasuries Slip as Traders Scrutinize Powell’s Inflation Remarks

(Bloomberg) -- US Treasuries were lower as traders parsed tweaks to the Federal Reserve’s policy statement regarding progress on the fight against inflation.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe slide in U

Oil Sinks as Trump’s Commerce Pick Says Tariffs Can Be Avoided

(Bloomberg) -- Oil fell after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico aren’t a done deal. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingWest Texas Intermediate slid

Is Now the Time to Buy Bonds? Watch the White House, Not the Fed

Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.

Fed stands pat, leans hawkish with omission of inflation-progress reference

After several months in which inflation data have largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation "has made progress" towards the Fed's 2% inflation goal. The Fed is now in a holding pattern as officials await further inflation and jobs data and clarity on the impact of President Donald Trump's policies.