Economy News

Economy

Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to US Economy

Former Treasury Secretary Janet Yellen criticizes President Trump's tariffs as a severe self-inflicted wound to the US economy, warning of increased recession risks due to these po...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 57 Bcf increase in US natural gas inventories for the week ending April 4, totaling 1,830 Bcf. Despite a yearly decrease, levels remain within the five-year histo...

Economy

Fed's Bowman Advocates for Customized Bank Supervision to Mitigate Financial Risks

Federal Reserve Governor Michelle Bowman testified on the need for a tailored approach to bank supervision, focusing on core financial risks. Appointed as Vice Chair of Supervision...

Economy

Federal Reserve's Bowman Highlights Uncertainty Over Trump Tariffs' Economic Impact

Federal Reserve Governor Michelle Bowman discusses the uncertain economic impact of Trump's tariffs, citing strong growth and low unemployment but acknowledging the unpredictabilit...

Economy

EU and UAE Set to Explore New Horizons with Free Trade Agreement Talks

The European Commission and the UAE have agreed to start free trade negotiations, aiming to expand trade in goods, services, and investments while fostering collaboration in renewa...

Economy

Chicago Fed's Goolsbee Warns: Tariffs Pose Stagflationary Shock to Economy

Chicago Fed President Austan Goolsbee warns that tariffs could lead to a stagflationary shock, posing unique challenges for the Federal Reserve. He highlights the anxiety in manufa...

Economy

South Korea's Export Economy Faces Double Burden Amid U.S.-China Trade War Tensions

South Korea's export economy is under pressure from the U.S.-China trade war, facing both direct tariffs and indirect competition. Strategic negotiations and adjustments are underw...

Economy

Chicago Fed's Goolsbee Warns: Tariffs Could Trigger Stagflation and Economic Anxiety

Chicago Fed President Austan Goolsbee warns that tariffs could lead to stagflation and economic anxiety, particularly affecting the auto and manufacturing sectors in the Chicago Fe...