Republican senators caution Trump that dismissing Powell would create significant disruption in the economy.
Republicans Caution Trump on Firing Fed Chairman Powell Senate Republicans have expressed their concerns to President Trump regarding his threat to fire Federal Reserve Chairman Jerome Powell, describing such an action as potentially disastrous. They suggest it could trigger a “shock wave” throughout financial markets, impacting the broader economy. GOP Senators, including some of Trump’s […]
The Economy Survives the Tariff-Inflation Challenge
Inflation Insights: A Closer Look Reading the headlines, you might think inflation is spiraling out of control. “U.S. inflation surged in June due to Trump’s tariffs,” declared one source. Another warned that inflation would “heat up” because of the trade war. It’s easy to get swept up in that panic. But the actual data paints […]
JPMorgan’s Dimon: US economy is strong, yet major risks remain
Economic Insights from JPMorgan Chase Jamie Dimon, the CEO of JPMorgan Chase, shared insights on the US economy during a recent update. He remarked that the economy is holding strong up to the second quarter of this year, though he did point out some possible challenges ahead. Dimon emphasized the resilience of the US economy […]
Fed official states that the US economy does not require immediate interest rate reductions.
Discussion on US Economy with Federal Reserve President Edward Lawrence from Fox Business will be interviewing Beth Hammack, the President of the Cleveland Federal Reserve. They’ll touch on various topics, including the current state of the US economy, possible interest rate cuts, and the consequences of trade dealings. On Monday, members of the Federal Reserve […]
Senate Democrat: Trump’s economy is filled with ‘uncertainty’ and ‘chaos’
Sen. Tammy Baldwin on Trump’s Economic Impact Senator Tammy Baldwin (D-Wis.) recently expressed her views on President Trump’s influence on the U.S. economy, particularly noting the effects of his tariff policies. In an interview on MSNBC’s “The Foodnight,” she remarked that the period of “uncertainty” and “chaos” associated with these policies appears to be concluding. […]
Trump claims the economy will soar after signing an important bill: ‘It’s going to be really great’
Trump Celebrates Congress’s “Big Beautiful Building” Bill On Thursday, President Donald Trump marked the approval of what he called the “Big Beautiful Building,” labeling it “the largest bill ever signed” and expressing that it would propel the country forward, essentially turning it into a “rocket ship.” That sounds promising, right? Earlier in the day, the […]
Key advisors to Bill Clinton say ‘significant, appealing bill’ presents ‘major threats to our economy’
Clinton-Era Treasury Secretaries Warn on Trump’s Economic Policies Two former Treasury secretaries from the Clinton era have raised concerns regarding President Trump’s tax and spending proposals. They argue that the current administration’s strategy could significantly harm the U.S. economy. In an opinion piece for the New York Times, Robert Rubin and Larry Summers liken today’s […]
US stocks rise and yields jump on signs of a strong US economy
US Stocks Surge to New Heights US stocks are on the rise once again, hitting record levels on Thursday following a report that pointed to a stronger-than-expected job market. The S&P 500 is poised to achieve its fourth all-time high in just five days, climbing 0.8% during midday trading. The Dow Jones Industrial Average saw […]
More Trump supporters believe he is more accountable than Biden for the economy, according to a survey.
Trump Voters Attribute Economic Responsibility to Current Administration A recent survey indicates that voters who backed Trump in the 2024 presidential election tend to view their economic situation as more a result of current policies than those from the previous administration. According to the latest polls by Wall Street Journal/YouGov, 46% of Trump supporters believe […]
Trump’s FCC head shares key focus areas, including leading in the space economy
FCC Chair Outlines Priorities for Space Economy Brendan Kerr, chair of the Federal Communications Commission (FCC), delivered his first significant speech in this new role within the Trump administration, outlining six main priorities for his term, particularly focusing on advancing the United States’ position in the “space economy.” “We continue to progress from the ground […]