The central bank on Wednesday cut interest rates for the third time since July, but Powell signaled that it is done reducing borrowing costs for now, until there’s evidence the economy really needs yet another stimulus. ….our manufacturers. We should have lower interest rates than Germany, Japan and all others. We are now, by far, […]
Read More
“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 […]
Read More
“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 […]
Read More
“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.” […]
Read More
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 […]
Read More
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 […]
Read More
Browse Videos Most Recent 2020 Presidential Election White House Congress POLITICO Live Most Watched
Read More
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, […]
Read More
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 […]
Read More
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 […]
Read More