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Navarro predicts Fed chair would be ‘gone in a hundred days’ in new Trump administration

Imprisoned former White House economic adviser Peter Navarro predicted that Federal Reserve Chairman Jerome Powell would benefit from a second Trump administration. “My guess is that this methodical non-economist will be gone in 100 days anyway,” Navarro said in an interview with Semaphore. published Tuesday. Navarro has confirmed the names of Kevin Hassett and Tyler […]

Economic confidence slips for first time since last fall: Gallup

Americans’ confidence in the economy has fallen by 9 points since last month, the first decline since the fall, according to a Gallup poll. Gallup Economic Confidence IndexApril’s -29, which is a summary of people’s views on the current economic situation, is lower than March’s -20. The theoretical range for this index is +100 if […]

Yellen says US would consider imposing tariffs, other trade barriers on China

Treasury Secretary Janet Yellen said the United States would consider imposing tariffs and other trade barriers on China to protect industries affected by Beijing’s production expansion. “We’re trying to grow industries like solar cells, batteries, electric vehicles,” Yellen said Wednesday in Alaska, where she stopped before her trip to China, according to reports. Axios. “I […]

5 things to know about the Fed’s March rate decision

The U.S. Federal Reserve is expected to hold interest rates unchanged on Wednesday after a series of strong economic data delayed the central bank’s plans to cut interest rates by the end of the year. The Fed ended 2023 with a steady decline in inflation and a slight slowdown in the job market after raising […]

Republicans pan Sanders’s 32-hour workweek bill

Republican lawmakers criticized Sen. Bernie Sanders (R-Vt.)’s new proposal for a 32-hour work week at a committee hearing Thursday, saying such a mandate would harm workers and hurt small businesses. They objected to the move, saying it would destroy the company. The Senate Health, Education, Labor and Pensions Committee, chaired by Sanders, will meet to […]

Few in new poll say Biden policies helping middle class

A new survey finds that few Americans say policies enacted by the Biden administration are helping the middle class. Approximately half of Americans credit President Biden with improving the U.S. economy. New research from Monmouth UniversityMany Americans do not believe that his policies are a blessing in disguise for the economic boom. 22% said Biden […]

IMF upgrades outlook for global economy

The International Monetary Fund (IMF) raised its outlook for the global economy, pointing to solid economic growth and slowing inflation in the United States in particular, and said it was likely to avoid a hard landing. IMF I said I was looking forward to it. The global economic growth rate in 2024 is expected to […]

Biden makes economic sales pitch as campaign ramps up

The Biden administration this week sought to turn the economic tide around, touting major investments and major endorsements on the back of unexpectedly strong economic data. New polls show Americans' views on economic conditions are improving, but most are in negative territory, making it difficult for an administration that wants people to believe in an […]

Why the December inflation report could push back Fed rate cuts

The consumer price index (CPI) edged higher in December after the month's surprisingly strong jobs report, potentially pushing back the Federal Reserve's expected rate cut in March. be. The Labor Department announced Thursday that the CPI rose 0.3% for the month, up from 0.1% in November and no increase in October. On an annualized basis, […]