President-elect Donald Trump has created a headache for the Federal Reserve before he's even stepped into office. Inflation, part of the Fed's dual mandate of maintaining price stability with maximum employment,
Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.
IMF, Trump
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Trump's economic plans could cause inflation: IMF chief economist
IMF warns on Trump's plans but upgrades UK outlook
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump's economic plans. The global institution upgraded its prediction for UK growth to 1.
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IMF warns Trump economic policy threatens global disruption
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do the opposite.
Scarred by the 2007-09 recession, the Biden administration bet big on the labor market. The bet worked but not exactly as they hoped.
The nonprofit SAFE released a blueprint for President-elect Donald Trump to close funding gaps for critical mineral projects and counter China.
Werfel applauded IRS employees for supporting two of the “best filing seasons in decades," after tapping into billions in Inflation Reduction Act funds.
President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.
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