Here’s what the Federal Reserve chair really thinks about the economy

31st October 2019

“We think the current stance of policy is likely to remain appropriate, as long as incoming information remains broadly consistent with our outlook.” Powell is saying the Fed isn’t likely to make any more reductions to interest rates in the near future unless something really bad rocks the economy. Though he wasn’t specific about what […]

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Warning to Democrats: Economy points to a Trump win

16th October 2019

“Democrats need to be on high alert. If history is any guide and we get typical turnout, they are going to lose,” said Mark Zandi, chief economist at Moody’s Analytics and lead architect of the model. “They need to be at DEFCON 1 or it’s likely Trump will be reelected.” The model, which Moody’s plans […]

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‘An existential political risk’: Trump manufactures a swing-state problem

11th October 2019

“Manufacturing is in recession right now. This is what all the data show,” said Torsten Slok, chief economist at Deutsche Bank Securities. “And everywhere I go in the world, the fear I hear is that we are going to be driven deeper into recession because this is all about uncertainty caused by the trade war.” […]

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Trump’s impeachment fight lacks one big thing that saved Clinton

1st October 2019

During the Clinton impeachment, the dot com boom was making Americans exuberant about the economy. Today, the economy is slowing, consumer confidence is dipping and corporate America faces a gauntlet of worries including the trade war with China, the future of the North American Free Trade Agreement and slowing growth around the world. And now […]

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Trump U.N. speech: Full video and annotations

25th September 2019

poster=”https://static.politico.com/45/f0/b02122504d1698e8430e6118eb36/trump-un-fullspeech.png” President Donald Trump delivered his third address to the United Nations General Assembly on Tuesday, presenting a fierce defense of his “America First” philosophy that also served as a campaign pitch. Here, we decode how his messages that were theoretically meant for other world leaders were really intended for an audience at home. TRUMP’S […]

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Mnuchin says administration will consider ‘tax cuts 2.0’ in 2020

13th September 2019

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Trump insists everything is fine as economic anxiety surges

12th September 2019

President Donald Trump. | Win McNamee/Getty Images White House The president’s free-wheeling approach and rapid-fire tweets are driving up uncertainty to historic levels. By BEN WHITE 09/10/2019 05:03 AM EDT The United States economy is slowing by nearly every major measure, from job creation to business investment. And there‘s one major culprit cited by academics, […]

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Trashing Fed ‘Boneheads,’ Trump calls for central bank to cut interest rates to ‘ZERO’

11th September 2019

The president has repeatedly attacked his handpicked Federal Reserve chief Jerome Powell. | Carolyn Kaster/AP Photo President Donald Trump on Wednesday called on the Federal Reserve to slash U.S. interest rates “down to ZERO,” admonishing chairman Jerome Powell and other leaders of the U.S. central bank as “Boneheads.” “The Federal Reserve should get our interest […]

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Poll: Trump approval falls as majority of Americans brace for recession

10th September 2019

Thirty-eight percent of respondents approve of President Donald Trump’s performance. | Andrew Harnik/AP Photo President Donald Trump’s job approval rating fell several points in a new survey, while Americans’ fears of a looming recession have escalated and their confidence in Trump’s handling of the economy has sagged. Thirty-eight percent of respondents in an ABC News/Washington […]

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‘They are riding a rubber ducky into alligator-infested waters’

4th September 2019

President Donald Trump. | Alex Wong/Getty Images white house Trump faces a contracting U.S. factory sector, a narrow path to trade victories and investors spooked by recession risks — all before an election year. By NANCY COOK and BEN WHITE 09/04/2019 05:00 AM EDT President Donald Trump is staring down a series of trigger points […]

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