Trump: No plans to fire Fed Chair Powell amid DOJ probe
President Trump says he won’t fire Fed Chair Powell amid a DOJ investigation into a renovation project, while weighing Warsh and Hassett as possible successors.
U.S. Economy
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Mass Deportations Could Empty Essential Jobs in the U.S., Sparking Economic Worries
Mass deportations in the U.S. are causing fear among migrant communities and could lead to a decline in essential workers holding crucial jobs. What’s the potential economic impact?
U.S. Unemployment Rate Rises, Strengthening Case for Rate Cut 📉
The U.S. unemployment rate rose to 4.3% in July, fueling speculation about an impending interest rate cut by the Federal Reserve. Economists are debating whether the Fed will act soon to prevent a recession.
Experts Warn High Interest Rates Could Spark U.S. Recession 💥
The U.S. Federal Reserve kept interest rates at 5.25% to 5.50%, causing concerns about a potential recession. Experts like Bill Gross warn that high rates pose risks to the U.S. economy.