Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty Images The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue….
A laborer loads consumer goods onto a supply cart at a wholesale market in Kolkata, India, on November 11, 2024. Nurphoto | Nurphoto | Getty Images India’s consumer inflation continued to ease in June, hitting a lower-than-expected 2.10%, government data showed on Monday. The headline inflation rate extended its slide after dropping to a more…
National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters National Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.” “But certainly, if there’s…
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 24, 2025. Kevin Lamarque | Reuters As the Trump administration escalates its criticisms of the Federal Reserve and Chairman Jerome Powell, the central bank is…
To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…
The odds of a recession may be falling, but states appear to be betting that corporate leaders are still nervous. An analysis of all 50 states’ economic development marketing efforts — part of CNBC’s annual America’s Top States for Business study — finds that a strong economy is the most frequently mentioned selling point to…
With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy. “Multiple international headquarters, hundreds of billions of committed investments…
The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new…
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters The U.S. government posted a surplus in June as tariff receipts gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling…
One of the biggest problems with inflation is that once it has burrowed into an economy, it is very difficult to rid of it. Just when Federal Reserve policymakers thought they might have finally gotten the better of the inflation that gripped the U.S. economy following the pandemic, along came the specter of tariffs. Inflation…
