Elon Musk backs call to ‘#EndTheFed’ after Jerome Powell says he won’t resign early
On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.”
On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.”
About half of Donald Trump's voters cited high prices as the biggest issue affecting their vote. But they may have been blaming the wrong culprit.
NEW YORK (Reuters) -Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift the appetite for equities. A reassuring economic outlook from the Federal Reserve, which delivered a widely expected 25 basis point rate cut on Thursday, also helped boost sentiment.
(Bloomberg) -- Egyptian inflation slightly quickened for a third month, driven by a sharp rise in fuel prices.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationAnnual consumer prices in urban areas rose 26.5% in October versus 26.4% the month before, state statistics agency CAPMAS
It’s difficult to count the number of mainstream macro theories that we’ve debunked over the past few years. Many long-used relationships and correlations have been upended by record monetary and...
(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationKashkari, in his firs
WASHINGTON (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower. "I am not concerned about the dynamics in Washington," following Tuesday's election of Trump, Kashkari said in an interview on Fox News. "Both sides of the aisle want us to keep the economy strong and get inflation down."
Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. President-elect Donald Trump has vowed to topple many of the Biden administration's economic policies. Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes on individuals and businesses and deport millions of undocumented immigrants working in the United States.
(Bloomberg) -- Donald Trump’s decisive win of the US presidential election has world leaders already preparing for how his next administration will shape the global economy.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationIn China, factories ramped up shipments ahead of Christmas
(Bloomberg) -- Russian officials and business executives have held talks about merging the country’s biggest oil companies into a single producer, the Wall Street Journal reported.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationUnder one potential plan, state-backed Rosneft PJSC