Cleveland Federal Reserve President Beth Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle. The policymaker told CNBC that she thinks the current level of interest rates is “barely restrictive, if at all” when it comes to the economic impact….
The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the month, up from the 4,000 jobs lost in August following a downward revision. The Dow Jones consensus estimate for September was 50,000. The July total…
People walk past an advertisement feature Donald Trump with Solana, XRP, USDC Bitcoin in Hong Kong. May James | Sopa Images | Lightrocket | Getty Images Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at…
Job seekers wait to enter the SacJobs Career job fair in Sacramento, California, US, on Thursday, Nov. 13, 2025. David Paul Morris | Bloomberg | Getty Images As the U.S. government reopens for business, Wall Street’s attention will now turn toward when critical data on employment, inflation and other economic signposts will be released. Agencies…
Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty Images Boston Federal Reserve President Susan Collins on Wednesday…
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February. Bostic has been in his current role since June 2017 and is the first Black and openly gay regional president. His term, which also was marked by issues relating to personal investments he made, runs…
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Speaking via teleconference, Son and OpenAI chief Sam Altman argued that advancing artificial intelligence would lead to new jobs that are not yet imagined, and the advancement of robotics will…
The U.S. Capitol is shown up North Capitol Street on Nov. 6, 2025 in Washington, DC. Eric Lee | Getty Images The Senate was on track Sunday night to pass a deal that could end the federal government shutdown, which began on Oct. 1. A person familiar with the deal told CNBC that enough Democratic…
Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. In a speech delivered for an audience of economists in New York, the central bank official and appointee of President Donald Trump said the flood of crypto tokens pegged to the dollar could tamp down…
