Economy News

Economy

Jerome Powell Reaffirms Fed's Cautious Approach to Policy Adjustments Amid Economic Uncertainties

Federal Reserve Chair Jerome Powell emphasizes a cautious approach to monetary policy adjustments, highlighting the importance of assessing economic indicators and maintaining flex...

Economy

Ford CEO Warns: Trump's Tariffs Could Devastate the US Auto Industry

Ford CEO Jim Farley warns that Trump's proposed 25% tariffs on steel and aluminum imports, along with threats against Mexico and Canada, could have a devastating impact on the US a...

Economy

Federal Reserve Pledges to Combat Debanking: A New Era in Banking Regulation

Jerome Powell, Federal Reserve Chair, commits to combating debanking, emphasizing the need for tailored bank regulations and avoiding excessive burdens to foster innovation in the ...

Economy

Fed Chair Jerome Powell Asserts Robust US Economy Amid Inflation Concerns

Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee, affirming the US economy's strength and absence of recession. He discussed the economy's position...

Economy

Jerome Powell Asserts Federal Reserve Independence Amid Presidential Influence Concerns

Jerome Powell, Federal Reserve Chair, reaffirmed the Fed's independence and legal boundaries against presidential interference during a Senate Banking Committee meeting, emphasizin...

Economy

Jerome Powell Assures No Unauthorized Access to Fed Systems by Elon Musk or DOGE

Federal Reserve Chair Jerome Powell reassured the Senate Banking Committee that Elon Musk and his DOGE team have not attempted to access the Fed's protected systems, emphasizing th...

Economy

EIA Predicts Minimal Impact of Russian Oil Sanctions on Global Production Forecast

The EIA forecasts minimal impact from Russian oil sanctions on global production, with expected increases in liquid fuels production in 2025 and 2026. Global oil inventories are pr...

Economy

John Williams Asserts Current Monetary Policy Aims to Stabilize Inflation at 2%

Federal Reserve Bank of New York President John Williams discusses the current monetary policy's effectiveness in achieving maximum employment, ensuring price stability, and reduci...