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Nov 03 2021
Headline Roundup
Federal Reserve to Start Tapering Pandemic-Era Stimulus
The Federal Reserve announced Wednesday that it would begin tapering off its pandemic-era surge in monthly asset purchases this month. “It is time to taper,” Fed Chairman Jerome Powell said, “because the economy has made substantial progress towards our goals.” The central bank began buying billions of dollars of bonds and other assets in March 2020 to support the economy through the pandemic
Politico Fox Business CNBCMar 31 2020
News
Steven Mnuchin Is Trying to Rescue the Economy From the Coronavirus
Treasury secretary’s ability to keep the president’s trust while working with those outside the administration is expected to be crucial.
At a World Economic Forum dinner in Davos, Switzerland, Treasury Secretary Steven Mnuchin spoke up. It was 45 minutes into a conversation about climate change and trade, and no one had mentioned the most important issue facing the world, he said: The
Wall Street Journal (News)Jul 31 2019
News
Is Trump the Reason the Fed Is Cutting Rates?
President Donald Trump's repeated calls for easier monetary policy may not be what's driving the Federal Reserve to cut interest rates on Wednesday.
But Trump's policies have set the table for it.
His aggressive tactics on trade, including 25% tariffs on $200 billion of Chinese goods that prompted retaliatory duties on U.S. exports, have made companies uncertain about the future
Newsmax (News)Sep 18 2019
Headline Roundup
Federal Reserve Cuts Interest Rates for Second Time in 2019
The Federal Reserve reduced its benchmark lending rate by a quarter of a percentage point Wednesday. It was the second time such a move was made this year.
Some left-leaning voices focused on President's Trump criticisms of Fed chairman Jerome Powell on Twitter; others on the right reported on the stock market's positive trend following the announcement.
Fox News (Online News) NBC News (Online) Associated PressAug 19 2017
News
With Bannon Back at Breitbart, a Right-Wing Army Prepares for War
Whatever the “alt-right” is or was, it no longer has a spokesman within 1600 Pennsylvania Avenue, with the possible exception of the president. A little before noon on Friday, the White House confirmed that Steve Bannon, the embattled “economic nationalist” whose mastery of Breitbart News helped get Donald Trump elected—thus planting the seed of his own demise—had tendered his resignation.
Vanity FairDec 19 2020
Analysis
In Georgia, GOP candidates hitch wagons to ‘fraud’ narrative
Gov. Brian Kemp was endorsed by President Donald Trump in Georgia’s 2018 Republican primary, and became a hero to many of the state’s conservative voters earlier this year when he refused to impose COVID-19 restrictions. A group of conservative economic experts recently ranked him second among the nation’s governors.
But at campaign rallies for Georgia’s two Republicans senators this
Christian Science MonitorSep 01 2023
Headline Roundup
Unemployment Rose to 3.8% and 187,000 Jobs Were Added in August
The unemployment rate rose to 3.8%, up from 3.5% in July, and job gains eased slightly in August, adding 187,000 jobs, the Bureau of Labor Statistics reported.
Key Details: Social assistance, leisure and hospitality, healthcare and construction establishments increased their hiring, while warehousing and transportation employers cut staff. This reflected the impact of the shutdown of
Breitbart News Wall Street Journal (News) Washington PostMay 03 2019
News
U.S. adds robust 263K jobs; unemployment at 49-year low: 3.6%
US employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand.
The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the number of Americans who stopped looking for work. Average hourly pay rose 3.2%
Washington TimesMar 04 2020
News
After its emergency rate cut, investors wonder what the Fed knows
Investors and President Trump want the same thing after Tuesday's surprise 50 basis point cut by the Fed: more cuts.
The state of play: The announcement, two weeks to the day before the beginning of the central bank's scheduled March 17–18 policy meeting, has investors scratching their heads. "The Fed pulled the fire alarm without telling anybody why," Bernard Baumohl, chief global
AxiosMay 18 2020
Opinion
We Can Prevent a Great Depression. It’ll Take $10 Trillion.
Don’t think of that number as “big” or “bold.” Just think of it as the appropriate dosage for a once-in-a-century economic affliction.
Last week, House Democrats unveiled their latest pandemic-relief package. The bill combines aid for families, a bailout for struggling cities and states, and additional funds for testing, tracing, and hospitals. The price tag is about $3 trillion—and it
The Atlantic