Scott Horsley
Stories
-
What are the risks to the labor market after Powell's speech amid inflation concerns?
Federal Reserve Chairman Jerome Powell received a standing ovation in Jackson Hole, Wyoming, on Friday. Powell said the central bank could soon resume cutting interest rates.
-
With Fed under pressure, Jerome Powell prepares for a high-stakes speech
The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.
-
Trump calls for resignation of Fed governor in latest line of attack
President Trump is calling for the resignation of Federal Reserve governor Lisa Cook after a Trump ally accused her of making false statements on mortgage applications.
-
Electricity prices are climbing more than twice as fast as inflation
Electricity prices are rising more than twice as fast as overall inflation. That's especially costly during the dog days of summer when air conditioners are working hardest. In addition to hot weather, a variety of factors are causing power bills to climb, including the high cost of natural gas used to generate electricity and soaring demand from data centers.
-
Inflation remains elevated as Trump's tariffs take hold
Inflation remained elevated last month as President Trump's tariffs continued to make their way into the prices that consumers pay. The average cost of living in July was up 2.7%.
-
Trump taps conservative economist to lead statistics agency
President Trump plans to tap an economist from the conservative Heritage Foundation to oversee the Bureau of Labor Statistics. He fired the previous leader after a disappointing jobs report.
-
Here's what is expected now that new tariffs are in effect for dozens of countries
New tariffs took effect this week that forecasters say will lead to higher prices and slower economic growth. But the stock market is still booming.
-
Trump taps White House economist Stephen Miran to fill Fed vacancy on temporary basis
President Trump plans to nominate Stephen Miran to fill a vacant seat on the Federal Reserve's board of governors, but only for the next six months.
-
Trump's tariffs go into effect today for dozens of countries
Higher tariffs take effect today on imports from many U.S. trading partners. The import taxes are raising tens of billions of dollars for the government, but also beginning to weigh on the U.S. economy.
-
Will the president's economic policies slow down the economy?
New and higher tariffs are set to take effect this week, amid signs the president's economic policies are resulting in higher prices and slower economic growth.
