Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. Previously, Goolsbee has spoken of a “golden path” that would combine moderating inflation and a stable labor market and lead to lower rates. But in…
A cargo ship full of shipping containers departs the port of Oakland at the San Francisco Bay, California, U.S., August 4, 2025. Carlos Barria | Cb With both the producer price index and the consumer price index still showing accelerations, consumers may be wondering why the price of goods across the board isn’t increasing more….
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…
Alvaro Gonzalez | Moment | Getty Images If you’re eyeing a Roth conversion, President Donald Trump‘s “big beautiful bill” could make the strategy more complicated, according to financial experts. Roth conversions transfer pretax or nondeductible individual retirement account funds to a Roth IRA, which starts future tax-free growth. The trade-off is paying regular income taxes on the converted…
A banner depicting the Washington, D.C., flag with a text reading “Free DC” hangs from an overpass with a view of the U.S. Capitol after U.S. President Donald Trump announced federal take over of the Metropolitan Police Department under the Home Rule Act to assist in crime prevention in the nation’s capital, in Washington, D.C.,…
Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of…
In the face of blistering criticism from President Donald Trump, Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets. Trump lashed out at the bank in a Tuesday post on Truth Social, suggesting that CEO David Solomon “get a new Economist” or consider resigning….
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | Reuters Tesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the…
E. J. Antoni, Heritage Foundation economist and former economist for the Texas Public Policy Foundation. Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, chosen Monday by President Donald Trump to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview…
CNBC’s Jim Cramer reviewed Tuesday’s stock market action and advised investors to stay in the market despite the geopolitical environment. Otherwise, he said, they might miss out on winning sessions. “People just can’t seem to process the most important three words in the investing lexicon: ‘stay the course.’ Nobody wants to stand pat when they…
