Normal view

There are new articles available, click to refresh the page.
Yesterday — 7 November 2024Main stream

What Trump’s Win Means for the Federal Reserve and Jerome Powell

7 November 2024 at 18:04
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?

© Tom Brenner for The New York Times

President-elect Donald J. Trump elevated Jerome H. Powell, the Fed chair, to his current role in early 2018, but later soured on Mr. Powell and considered trying to fire or demote him.

Fed Cuts Interest Rates by a Quarter Point, but the Path Ahead Is Less Clear

8 November 2024 at 05:49
The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

© Kent Nishimura/Getty Images

Trump’s Economic Plans Could Worsen Inflation, Economists Say

7 November 2024 at 01:44
Many Americans fretted about inflation as they headed out to vote. But Donald J. Trump’s approach comes with risks of a renewed boost.

© Doug Mills/The New York Times

Voters regularly cited the economy as a top concern in polls headed into the election, and they often suggested that they thought Donald Trump would do a better job in managing it.
❌
❌