Global central bankers unite in defense of Fed Chair Jerome Powell
Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief.
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Inflation Holds Steady at 2.7%; Core CPI Cools to 2.6%
U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged this month.
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Top Central Bankers Express 'Full Solidarity' With Fed Chair Powell
Central bankers from around the world said Tuesday they "stand in full solidarity" with Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed...
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Trump: 'We're Screwed' If Supreme Court Rules Against Tariffs
The Supreme Court is set to rule on the authority of President Donald Trump's national security and trade-related tariffs, but Trump warned that U.S. national security would be "screwed" if the tariffs were unwound.
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US Dramatically Reduces Trade Deficit
The U.S. economy managed to drastically reduce its trade deficit in October of last year.
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Scott Bessent: 10% of US Budget Stolen Annually
The U.S. government wastes hundreds of billions of dollars annually, says Treasury Secretary Scott Bessent. In an interview with journalist Christopher Rufo that premiered Sunday, Bessent said federal "waste, fraud, and abuse" totals $300 billion to $600 billion a year.
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