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Economic News

Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates

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01 August 2025
Her resignation now paves the way for Trump to put his own nominee in for the Board of Governors.
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Bessent: US Has 'Makings of a Deal' With China

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01 August 2025
U.S. Treasury Secretary Scott Bessent said Friday he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward.
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Here's where the jobs are in this slowing economy

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01 August 2025
July's much weaker-than-expected job growth was supported primarily by the health-care sector, data from the Bureau of Labor Statistics released Friday shows.
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Trump Fires Labor Statistics Commissioner After Weaker Jobs Report

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01 August 2025
President Donald Trump on Friday ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, be fired after data showed employment growth was weaker than expected last month.
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Deflation Alarm at the ECB Tower

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01 August 2025
ECB board member Mario Centeno has raised the alarm about deflationary tendencies. Meanwhile, government debt is soaring, and the eurozone economy remains stagnant. The central bank's stubborn interventionism has led it straight into a trap.
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Fed Officials: Mistake to Hold Interest Rates Steady

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01 August 2025
Federal Reserve Governors Christopher Waller and Michelle Bowman, who voted this week against keeping a key interest rate locked in place, said Friday they believe the central bank is making a mistake with its wait-and-see decision, considering rising threats to the nation's labor market.
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More Articles …

  1. US Construction Spending Extends Decline in June
  2. US Labor Market Cools With Just 73K Jobs Added in July
  3. US Trade Partners Mostly Positive About Latest Tariffs
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