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Powell Stresses ‘Challenging Situation’ for Fed as Rate Debate Intensifies

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23 September 2025 at 18:51
By: Colby Smith
Jerome H. Powell, chair of the Federal Reserve, suggested he saw further scope to lower interest rates this year to protect the labor market despite rising inflation.

Jerome H. Powell, the Federal Reserve chair.

Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight

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15 July 2025 at 18:37
By: Rob Copeland
The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades into the argument over the Federal Reserve chair.

“Playing around with the Fed can often have adverse consequences — the absolute opposite of what you might be hoping for,” Jamie Dimon, chief executive of JPMorgan bank, said Tuesday.

Mamdani Prepares to Meet With New York City’s Wary Business Leaders

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15 July 2025 at 14:48
By: Lauren Hirsch and Emma G. Fitzsimmons
On Tuesday, Zohran Mamdani, a democratic socialist running for mayor, will meet with the who’s who of the corporate world as he prepares for the general election.

Zohran Mamdani, the Democratic nominee for New York City mayor, is meeting with more than 100 business leaders on Tuesday. Some of them are wary of him winning the general election in November.

U.S. Accuses Three Mexican Financial Firms of Aiding Fentanyl Trade

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25 June 2025 at 23:53
By: Simon Romero and Emiliano Rodríguez Mega
The U.S. Treasury found ties between drug cartels and the Mexican companies, including a brokerage firm controlled by a former chief of staff of Andrés Manuel López Obrador.

White powder, purportedly finished fentanyl, sitting on a table in a kitchen in Culiacán, Mexico, where members of the Sinaloa cartel cook the drug.

The Fed Could Be on Hold Until September, Economists Say

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8 May 2025 at 18:17
By: Colby Smith
Economists have shifted back their forecasts for lower borrowing costs as President Trump’s tariffs raised the risk of higher inflation and slower growth.

“It’s really not at all clear what it is we should do,” Jerome H. Powell, the Federal Reserve chair, said during a news conference on Wednesday in Washington.

Payments Are Going Digital, but Many Seniors Still Rely on Cash

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7 December 2024 at 10:02
By: Paula Span
“We’re putting another burden on the elderly that we don’t have to,” one researcher said.

Cashless policies disadvantage a number of groups, including low-income people, the homeless, undocumented immigrants and older adults.

Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

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28 November 2023 at 05:01
By: Keith Bradsher and Joy Dong
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Chinese tourists buying gold bars and gold accessories at LukFook, a jewelry store in Hong Kong, on Sunday.

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