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The AI jobs apocalypse was supposed to start with ChatGPT. Two years on, victims are hard to find. Recent studies from the Dallas Federal Reserve and economists at Pittsburgh, Stanford, and Columbia suggest artificial intelligence is altering labor markets— just not in the calamitous way the doomsayers predicted.

Tension is mounting in Minneapolis as the Trump administration sends hundreds of additional federal agents into Minnesota and anger grows over last week’ s ICE shooting that killed 37 year old Renee Good. Deadly protests in Iran intensify as President Trump warns the U.S. could strike the regime if the crackdown continues. And the Justice Department…

“What Trump is doing now, I think is deeply offensive to our system of checks and balances,” McHenry said during an interview at the 2026 Economic Forecast Forum, hosted by the North Carolina Bankers Association and the North Carolina Chamber.“ It is deeply offensive to Fed independence, and is a wrong thing to do. His scheduled appearance at the forecast forum came a…

Former Federal Reserve leaders and a top Republican Senator raised concerns about the independence of the U.S. central bank after Chairman Jerome Powell announced a Justice Department investigation. Powell said the Department of Justice served the Federal Reserve with grand jury subpoenas on Friday, threatening a criminal indictment related to…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Today, U.S. Senator Elizabeth Warren, Ranking Member of Senate Committee on Banking, Housing, and Urban Affairs, released the following statement:. "As Donald Trump prepares to nominate a new Fed Chair, he wants to push Jerome Powell off the Fed Board for good and…

Today, U.S. Senator Tim Kaine released the following statement regarding the Department of Justice's criminal investigation into the Federal Reserve and subpoena of Chair Jerome Powell following an unprecedented year-long pressure campaign from the Trump Administration:. "The Federal Reserve was designed to be independent from the executive branch so…

The following information was released by Virginia Senator Mark Warner:. Mark R. Warner, a senior member of the Senate Committee on Banking, Housing and Urban Affairs, released the following statement:. "The Fed was designed to operate independently, insulated from political pressure, so that it can make tough decisions based on data and the long-term health of the…

—President Donald Trump has dramatically escalated his confrontation with the Federal Reserve, his Justice Department investigating and threatening a criminal indictment of the independent central bank and serving it with subpoenas. The dispute is ostensibly about Fed Chair Jerome Powell’ s testimony to Congress in June over the cost of a massive…

"Withouta stable, responsible, and independent monetary policy, the United States risks losing the primacy of the U.S. dollar and becoming uninvestable.Trump' s politically-driven' investigation'of the Federal Reserve is a deliberateassault on that independence. "There is no more important financial role of Congress than preserving the independenceof…

—The Justice Department has threatened the Federal Reserve with a criminal indictment over the testimony of Fed Chair Jerome Powell this summer regarding its building renovations, Powell said over the weekend. Trump has also accused Powell of mismanaging the U.S. central bank’ s $2.5 billion building renovation project. “If there were any remaining doubt…

—The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank, who pushed back against President Donald Trump’ s efforts to exert more control over the Fed. White House press secretary Karoline Leavitt told reporters that Trump did not direct his Justice…

Federal Reserve Chair Jerome Powell is swinging back at President Trump "s administration after the Department of Justice launched a criminal indictment over the central bank’ s extensive renovations of its Washington, D.C. headquarters. "I wouldn’ t even think of doing it that way," Trump told reporters late Sunday as he headed back to the White House from his…

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’ s building renovations. The subpoenas relate to Powell’ s testimony before the Senate Banking Committee in June, the Fed chair said, regarding the Fed’ s…

The following information was released by North Carolina Senator Thom Tillis:. Today, Senator Thom Tillis, a member of the Senate Banking Committee, issued the following statement:. "If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none.

The rest of Wall Street, meanwhile, is showing only modest signs of concern after tensions ramped to a much higher degree between the White House and the Federal Reserve. The S&P 500 erased a small loss from the morning and was inching up by 0.2% from its all-time high set on Friday, as U.S. stocks drifted through mixed trading. On Wall Street, the sharpest drops hit…

Federal Reserve Chairman Jerome Powell announced Sunday that the Department of Justice has threatened him with criminal charges over testimony he gave to Congress last year. He called the criminal investigation into his comments in June about the renovation of Federal Reserve buildings "pretexts" to punish him and the Fed for failing to set federal…