The Fed is sounding more and more aggressive
CNN
What does it mean when even the doves at the Federal Reserve start to sound like hawks?
Investors are weighing that question after a key member of the central bank who has historically favored a gentler approach to raising interest rates talked tough about the central bank's need to fight rising prices.
"It is of paramount importance to get inflation down," Federal Reserve Governor Lael Brainard said in a speech Tuesday.
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Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done.
White House AI czar David Sacks dismissed concerns about the potential impact of artificial intelligence on the job market on Tuesday following a dire warning from Anthropic CEO Dario Amodei that unemployment could climb as high as 20 percent in the next one to five years.
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
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Cara Petersen, the Consumer Financial Protection Bureau’s acting enforcement director, resigned from the agency on Tuesday. In an email to colleagues announcing her decision, Petersen slammed the Trump administration’s efforts to dismantle the agency, which was established as a banking watchdog following the 2008 global financial crisis.
Elon Musk said Wednesday that he regrets some of his recent social media posts about President Donald Trump.
At long last, the United States has reached a trade agreement with China. Again.
Australia’s Qantas QAN.AX said on Wednesday it will close Jetstar Asia, the group’s Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers.
President Donald Trump’s heftiest tariffs cleared a court hurdle for now, after a federal appeals court ruled Tuesday that they could take effect while legal challenges play out.
The United States and China have agreed on a trade framework after two days of negotiations in London, China’s trade negotiator Li Chenggang told reporters on Wednesday, according to Chinese state broadcaster CGTN.
The network is parting ways with its veteran correspondent two days after he posted a missive on X calling the president and his deputy chief of staff “world-class haters.”
A former local news anchor in Shreveport, Louisiana, has sued a rival station for defamation, accusing it of engaging in “character assassination” after it ran a report he says portrayed him as a “child predator.”
Whole Foods employees say a major cyberattack on a leading distributor has left some store shelves and freezers empty.