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US budget deficit jumps above $1 trillion for the first time in more than 6 years

Lawmakers typically have more tools to reduce debt when the economy is in a solid place. But recent legislation has taken it the opposite direction.

Fed chief signals central bank will defy White House demands for further rate cuts

The comments were likely draw further ire from the White House, which has demanded the independent central bank juice the economy ahead of 2020.

Fed officials are worried Trump’s trade war will disrupt the strongest parts of the US economy, minutes show

Policymakers have become split over how to address signs of strain on a still solid American economy.

Powell says the Federal Reserve will expand its balance sheet ‘soon’

The move followed weeks of volatility in money markets, which had raised concerns about the lending system.

Jerome Powell held calls with the CEOs of JPMorgan and Citigroup the day after the Fed cut rates for the first time since 2008

Powell spoke with JPMorgan's Jamie Dimon for seven minutes and Citigroup's Michael Corbat for 15 minutes on the morning of August 1.

The Fed pumps another $75 billion into markets — its 3rd straight daily injection

This week marked the first time the central bank has taken such steps since the global financial crisis 10 years ago.

The Fed cuts rates for 2nd time since financial crisis — but defies Trump’s calls for ‘big’ stimulus

The move was broadly in line with expectations but far from the aggressive stimulus President Donald Trump has demanded in recent weeks.
President Donald Trump and Federal Reserve Chair Jerome Powell

Trump asks whether the Fed chief or China is ‘our bigger enemy’ as the trade war takes a dark turn

The latest attacks on Powell came as the trade war between the US and China entered a new phase, raising political risks for the president.

Trump lashes out after Fed chief Powell signals the central bank won’t cut rates as much as White House wants

With Fed officials divided on whether to further lower interest rates, investors hung onto every word Powell said Friday.

July was not the start of a rate-cut cycle, Fed signals in latest minutes

The minutes followed a particularly harsh string of President Trump's attacks on the Federal Reserve.