Scott Horsley
Stories
-
Trump taps Kevin Warsh to lead the Federal Reserve
Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, when Jerome Powell's term expires in May. The president has been pushing the central bank to slash interest rates.
-
Fed holds interest rates steady, taking a pause from rate cuts to assess the economy
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
-
A crackdown on immigration is leading to a sharp drop in U.S. population growth
A sharp drop in net immigration has led to a slowdown in U.S. population growth. The Census Bureau says the population grew only about half as fast in the year ending last June as it did the previous year.
-
Treasury cancels Booz Allen contracts over leaks about wealthy taxpayers
A Booz Allen contractor had leaked confidential tax information that showed how wealthy people like Donald Trump, Elon Musk and Jeff Bezos manage to minimize their tax obligations.
-
How Americans feel about the economy and their spending habits
Americans are still spending money, which is helping drive solid economic growth, but a large share of that spending is being done by a relatively small group of well-off shoppers.
-
Supreme Court weighs whether Trump has the power to fire Federal Reserve governors
President Trump wants much lower interest rates, and he's going to extraordinary lengths to push the Federal Reserve in that direction. Trump's efforts are now being tested by the Supreme Court.
-
Transatlantic alliances fray as Trump threatens tariffs regarding Greenland
Attendees at Davos are steeling themselves for major disruption — not only to the local traffic thanks to heightened security, but possibly to the existing world order.
-
Inflation steadies but it's still higher than many would like
Inflation didn't get worse in December. But it didn't get better. Prices were up 2.7% a year ago. A drop in gasoline prices was more than offset by rising grocery and electricity bills.
-
What to know about Trump's ugly feud with the Federal Reserve
A Justice Department probe of the Federal Reserve marks the latest escalation in the Trump administration's effort to bend the independent central bank to the president's will.
-
Fed Chair Jerome Powell stands up to Trump
Federal Reserve chair Jerome Powell usually tries to avoid getting dragged into a fight with the Trump administration. But now that the DOJ has launched a probe of the central bank, he's on offense.
