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“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” Trump said from Erie, Pennsylvania.
The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management.
Federal Reserve policymakers have been able to stave off sharply higher inflation even with low unemployment by managing expectations, central bank Chairman Jerome Powell said Tuesday.
A preliminary look at consumer sentiment in September easily topped expectations on Friday.
The business services, education and health services industries led job gains for the month of August, besting laggards like retail and manufacturing, according to the latest government jobs report.
Federal Reserve Chairman Jerome Powell says he expects a slow but steady diet of interest rate increases to continue as the central bank looks to find the right recipe between promoting growth and controlling excesses.
Payroll growth turned sluggish in July after two robust months.
Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued to percolate in the U.S. economy.
The index rose in July after a disappointing read in June.
With some of the biggest factors boosting second-quarter growth expected to fade over time, President Donald Trump will have his work cut out for him. But that doesn’t mean he can’t get it done.
Federal Reserve Chairman Jerome Powell waded gingerly into the debate over tariffs, saying that countries embracing protectionism fare worse than those that are more open.
The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4 percent, the Labor Department says.
America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying.
As trade tensions continue, U.S. farmers are caught in the crossfire.
For 10 years, the Federal Reserve has stalked its prey — inflation — but has mostly come up empty. Now that it has caught up to its goal, the question is what will happen next, and the answer isn’t obvious.