Your Pulse On America: Live And Unfiltered
The Federal Reserve’s decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevin Hassett is any indication. In a CNBC interview Thursday, the day after the Fed’s move, Hassett noted that the administration, and new Fed Governor Stephen…
Federal Reserve Chairman Jerome Powell speaks at Jackson Hole on Aug. 22, 2025 in Wyoming. David A. Grogan | CNBC The Federal Reserve meets this week with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers….
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week. The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate…
People shop for dairy products at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor…
The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial…
In the latest sign of trouble for the U.S. labor market, confidence in the ability to move from one job to another has hit a record low, according to a New York Federal Reserve survey released Monday. Respondents to the central bank’s monthly Survey of Consumer Expectations for August indicated a 44.9% probability of finding…
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report…
US President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelenskyy and European leaders in the East Room of the White House in Washington, DC, on August 18, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump’s effort to sack Federal Reserve Governor Lisa Cook is about more than firing someone:…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office, but only briefly addresses the central…
New York Federal Reserve President John Williams on Wednesday stressed the importance of central bank independence as President Donald Trump looks to exert control over monetary policy. In a CNBC interview, the influential policymaker avoided commenting directly on Trump’s efforts to fire Fed Governor Lisa Cook but did note the important economic role the central…