Economic News

Newswires RSS Get our newsletter

Ana Carolina Garriga, University of Essex and Cristina Bodea, Michigan State University. President Donald Trump has again threatened to oust Federal Reserve Chair Jerome Powell, putting at risk a keystone of good economic policy and inflation management: central bank independence. Powell has said he intends to remain at the helm after that if his replacement…

Citizens Financial Group, Inc. today reported first quarter financial results. In addition, these materials will be furnished to the Securities and Exchange Commission on a Form 8- K and will be available on the SEC website at www.sec.gov. Credit is trending favorably, the Private Bank continues to grow nicely, and Reimagine the Bank is off to a great start.

The Fed's job is to stop second-order effects of price changes. " Yet the Federal Reserve operates under a dual mandate, which requires it to maintain both maximum employment and price stability as goals of monetary policy. If Warsh is serious about prioritizing price stability, he should advocate for Congress to adopt a single mandate focused on price…

President Donald Trump vowed to fire Jerome Powell if he opted to stay on at the Federal Reserve after his term as chair ends, doubling down on a criminal investigation into the central bank that is threatening to delay the confirmation of Powell's successor. Powell's tenure as chair officially ends May 15, but both the law and past precedent suggest that he can…

—President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas, where he highlighted his tax breaks for tipped workers in an appeal targeted at this year's midterm elections. The president recalled in his remarks how a woman in Las Vegas gave him the idea to make tips tax-free, a move that he said is now helping“…

The U.S. economy is holding up well, despite uncertainty over tariffs and other policies, said Daryl Bible, M&T Bank's chief financial officer. "The situation in Iran poses new risks to the U.S. and global economies through energy prices and uncertainty," Bible said Wednesday, as the bank released its first-quarter earnings. M&T is keeping tabs on customers who…

Senate Majority Leader John Thune on Wednesday urged the Trump administration to "wrap up" its investigation of Federal Reserve Chairman Jerome Powell, arguing that it's in "everybody's best interest" to end the Justice Department's controversial criminal probe. Thom Tillis, a member of the Senate Banking Committee, has vowed to keep Warsh's nomination…

The following information was released by the Cato Institute:. Trouble brews in Iran, and oil prices spike. Price controls, credit controls, windfall profits taxes, export controls, the 55- mph speed limit, corn ethanol, cardigan sweaters, malaise, and a slow-to-react Federal Reserve all fed the misery of the 1970 s.

WASHINGTON— U.S. Treasury Secretary Scott Bessent said Tuesday he was confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut interest rates. Bessent said he could understand if U.S. central bankers wanted to observe economic developments related to the war before…

U.S. Attorney Jeanine Pirro sent Justice Department prosecutors to the Federal Reserve headquarters but they were turned away from entering to inspect renovations. The surprise visit occurred on Tuesday when two prosecutors went to the construction site in Washington, D.C., and tried to access the building, The New York Times, The Washington Post and CBS News…

—Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit. Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’ s office were turned away on Tuesday by a building…

Kevin Warsh's newly submitted financial disclosures show assets of well over $100 million, exceeding all recent Federal Reserve chairs, as his nomination hearing to lead the central bank is expected to take place next week. President Trump's nominee to succeed Federal Reserve Chair Jerome Powell submitted financial filings that show he has holdings of…

Ahead of the Monetary Policy Committee meeting of the Central Bank of Nigeria next month, the International Monetary Fund has urged central banks across the world to adopt a cautious "wait and see" approach as the ongoing Middle East conflict continues to tighten global financial conditions. Speaking at the launch of the April 2026 World Economic Outlook in…

Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities. Division of Trading and Markets. The Staff of the Division of Trading and Markets of the Securities and Exchange Commission is issuing the following statement to provide its views on the broker-dealer…

2026 APR 14– By a News Reporter-Staff News Editor at Fitness& Wellness Daily– Current study results on Sustainability Research- Sustainable Economy have been published. Funders for this research include Institute for New Economic Thinking, Private Debt Project, Weidenbaum Center at Washington University. The news editors report that additional…

Kevin Warsh is President Trump's choice to succeed Jerome Powell as the Chair of the Board of Governors of the Federal Reserve System. Warsh was a member of the Board of Governors of the Federal Reserve System from 2006 to 2011, making him the youngest Governor in the Federal Reserve's history. Prior to his time at the Federal Reserve, Warsh served as Special..