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The latest news and analysis about the health of the US economy.
The Fed is debating whether AI will boost productivity and lead to lower inflation. Many Fed officials also acknowledge that in the short term, AI could disrupt the job market, creating a predicament for policymakers.
The Federal Reserve is reportedly challenging two subpoenas at the heart of US Attorney Jeanine Pirro’s criminal investigation into Fed Chair Jerome Powell.
The Federal Reserve’s top banking cop told the US Senate on Thursday that she’s looking to unveil retooled bank regulations before the end of March, with a focus on boosting mortgage lending.
Richmond Fed president Tom Barkin said Wednesday that the back-and-forth on President Trump's tariffs is adding to uncertainty for businesses and the economy.
Federal Reserve governor Lisa Cook suggested Tuesday that artificial intelligence could push the central bank to make hard choices between keeping interest rates elevated to fend off inflationary pressures and lowering rates to address lower employment.
Chicago Fed president Austan Goolsbee said Tuesday he’s focused on bringing inflation back down before cutting interest rates any further.
The president signed an executive order last Friday authorizing the 10% import tax just hours after the ruling. The White House is working on a formal order that will increase the global tariff rate to 15%, according to an administration official.
Federal Reserve Governor Chris Waller said Monday that if the next jobs report comes in strong, his view could shift to holding interest rates steady at the next policy meeting.
The US saw almost no payroll growth last year, notching a paltry 181,000 positions. The economy is chugging along regardless.
Consumer sentiment improved from January and uncertainty came in lower.
