Jay Powell’s Tightrope Walk: Fed Divided on Rate Cuts as Jobs Data Worsens
Fed Chair Jay Powell navigates internal divisions and softening labor data as the central bank debates whether to cut interest rates before year-end.
Fed Chair Jay Powell navigates internal divisions and softening labor data as the central bank debates whether to cut interest rates before year-end.
In a major shift, New York Fed chief John Williams suggests interest rate cuts may be needed to protect a weakening labor market—especially as a government shutdown blocks key economic data.
New York Fed President John Williams is advocating for additional interest rate cuts this year, driven by emerging cracks in the labor market—even as inflation remains elevated.
In a revealing interview, New York Fed chief John Williams advocates for further rate cuts to protect a softening labor market, even as inflation remains above target.
As Germany rearms in response to the Ukraine war, struggling eastern towns are welcoming defense factories—even if it means embracing a contradiction for the far-right AfD party.
Once thriving on demand from China’s baby boom, Nestlé’s Irish formula factory is closing due to a dramatic birthrate collapse—but locals are fighting for a new future.
Negotiations between Broadway unions and producers are at a breaking point, raising the real possibility of a strike that could shutter shows across New York City.
The WTO reports stronger-than-expected global trade growth in 2025 but warns of a sharp slowdown in 2026 due to President Trump’s sweeping tariffs.
President Trump is set to unveil a new aid package for U.S. farmers after China drastically reduced purchases of American crops—a repeat of the 2018 trade war fallout.
Canadian Prime Minister Mark Carney met President Trump to seek relief from punishing U.S. tariffs on key exports—but with little hope of major concessions.