Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
In the 6 p.m. hour, Mr. Trump signed more orders before a packed Capital One Arena, in Washington, D.C. Among them, a requirement that federal workers return to full-time work in person immediately, a freeze on all federal hiring, except by the military and some other excluded categories.
President Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
Days before tariffs that have the potential to cripple Canada's economy are expected to come into effect, the country's political leaders are still in the dark about what exactly U.S. President Donald Trump will do.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
Trump, who appointed Jerome Powell, has called for lower interest rates and said he believes the president should get a say on the Fed’s rate decisions.
Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.