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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing

Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.

Kevin M. Warsh will be at a Senate hearing next week to consider him as the next chair of the Federal Reserve.

Middle East War Will Slow Global Economic Growth, I.M.F. Warns

14 April 2026 at 13:50
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

New International Monetary Fund projections showed a global economy that was stopped in its tracks by the U.S. war in Iran.

Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term

9 January 2026 at 21:39
As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.

The December jobs tally showed how President Trump’s agenda may have impacted the economy during his first year back in office.

Fed’s Independence Faces Critical Tests as Trump Seeks to Remake Institution

7 January 2026 at 10:01
The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.

President Trump has said anybody who disagrees with him will never get the top job at the Federal Reserve, prompting concern that his nominee will prioritize pleasing him over all else.

The Jobs Report That Wasn’t Leaves Economists Guessing

3 October 2025 at 09:03
Policymakers will enter uncharted territory without employment data that the government is expected to withhold because of its shutdown.

The Washington headquarters of the Labor Department, whose Bureau of Labor Statistics would normally be releasing September employment data on Friday.

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

23 September 2025 at 18:51
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.

Tariff Uncertainty Expected to Slow Global Economic Growth This Year

23 September 2025 at 16:53
President Trump’s trade war is still playing out, and the full effect will be felt heading into next year, the latest projections show.

An auto factory in China. President Trump has imposed duties on goods from allies like the European Union, Canada and India, as well as rivals like China.

Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs

11 August 2025 at 09:02
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves.

Katrina Golden, at her coffee and cake shop, Lil Mama’s Sweets & Treats, inside the Veterans Affairs Medical Center in Augusta, Ga.

CPI Shows US Inflation Sped Up in June as Trump’s Tariffs Pushed Up Prices

15 July 2025 at 18:46
The Consumer Price Index rose 2.7 percent from a year earlier, as the global trade war started to bite.

Shoppers at a mall in Miami Beach, Fla.

Caught Between Tariffs and China, Mexico Adapts to an Unpredictable U.S.

Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.

Assembling refrigeration and air-conditioning units at a factory for the Danish company Danfoss, in Apodaca, Nuevo Leon, Mexico.

Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

16 June 2025 at 18:21
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.

Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.

The Fed Could Be on Hold Until September, Economists Say

8 May 2025 at 18:17
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.

Trump’s Immigration Crackdown Could Disrupt St. Louis’s Growth Strategy

8 March 2025 at 15:16
Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.

Alaa Hasan Mari and his children are staying in a hotel while they await housing assistance from an organization that had its funding frozen after President Trump returned to office.

PCE Inflation, the Fed’s Preferred Measure, Sped Up in November

20 December 2024 at 14:50
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

Consumers have been spending at a solid clip in recent months.

The Shutdown Crisis Leads to Questions About Who Is in Charge

Donald Trump has yet to take office but the president-elect and Elon Musk are already influencing policy, putting the federal government hours away from a shut down.

Donald Trump and Elon Musk are changing policy even before the president-elect takes office next month.

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