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  • Jerome PowellFinance

    Powell asks inspector general to review $2.5 billion cost of Federal Reserve renovation

    By Christopher Rugaber and The Associated Press
  • MOUNTAIN VIEW, CALIFORNIA – NOVEMBER 29: People shop during the Friday shopping rush at a Walmart in Mountain View, California, United States on November 29, 2024. (Photo by Tayfun Coskun/Anadolu via Getty Images)Economy

    Fortune 500 giants Nike and Walmart are warning of upcoming price hikes, but tariff-wary Americans are already pulling back on spending

    By Christopher Rugaber and The Associated Press
  • Michelle Bowman, incoming vice chair for supervision at the US Federal Reserve, left, and Jonathan McKernan, under secretary of the Treasury for domestic finance nominee for US President Donald Trump, during a Psaros Center for Financial Markets and Policy event at Georgetown University in Washington, DC, US, on Friday, June 6, 2025. Bowman says the central bank will soon address the “odd mismatch” between the confidential ratings of big banks and the lenders’ financial conditions. Photographer: Graeme Sloan/Bloomberg via Getty ImagesEconomy

    Federal Reserve governor Michelle Bowman says bank should consider cutting rate in July because tariff effects may be smaller than expected

    By Christopher Rugaber and The Associated Press
  • Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, June 18, 2025. (AP Photo/Mark Schiefelbein)Politics

    Trump calls Fed chair Powell ‘stupid’ and ‘political’ after latest decision not to cut rates: ‘We have no inflation, we have only success’

    By Christopher Rugaber and The Associated Press
  • Target shopping carts in a rowRetail

    Retail CEO says orders from big-box stores are down 40% because they have no idea how shoppers are going to react to price hikes

    By Christopher Rugaber, Anne D'Innocenzio, and others
  • Jerome Powell, chairman of the US Federal Reserve, speaks with attendees at the Thomas Laubach Research Conference in Washington, DC, US, on Thursday, May 15, 2025Economy

    Trump hiring freeze threatens key economic data as the Fed zeroes in on inflation

    By Christopher Rugaber and The Associated Press
  • Trump speaks in the Oval OfficePolitics

    A little-known federal court threw a giant monkey wrench into Trump’s tariff plans. Here’s everything you need to know about the Court of International Trade

    By Christopher Rugaber and The Associated Press
  • MIAMI, FLORIDA – MAY 06: An aerial view as Ford vehicles are lined up on the sales lot of the Metro Ford dealership on May 06, 2025 in Miami, Florida. Ford Motor Co. pulled its 2025 guidance and said it expects a tariff hit of about $1.5 billion for the year as U.S. automakers face economic uncertainty. (Photo by Joe Raedle/Getty Images)Retail

    Americans rushed to splurge before Trump’s tariffs kicked in—but the shopping spree may be coming to an end

    By Christopher Rugaber, Anne D'Innocenzio, and others
  • Richmond Fed President Tom BarkinEconomy

    Richmond Fed president says it’s not yet clear when the central bank should cut rates. ‘It’s really hard to drive when it’s foggy’

    By Christopher Rugaber and The Associated Press
  • Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Powell again stressed the central bank’s focus on preventing potential tariff-driven price hikes from triggering a more persistent rise in inflation. Photographer: Jamie Kelter Davis/Bloomberg via Getty ImagesPolitics

    Don’t expect the Fed to lower interest rates this week despite string of harsh criticism from Trump

    By Christopher Rugaber and The Associated Press
  • Happy salesman showing cars to a couple at the dealership – car ownership conceptsEconomy

    Americans are clamoring to buy big-ticket items before Trump’s tariffs send inflation soaring

    By Christopher Rugaber and The Associated Press
  • A close-up of Donald Trump's faceEconomy

    How much deterioration in the world’s largest economy could be traced to Trump’s policies? ‘All of it,’ one economist says

    By Paul Wiseman, Anne D'Innocenzio, and others
  • WASHINGTON, DC – APRIL 24: U.S. President Donald Trump talks to reporters during a meeting with Norway’s Prime Minister Jonas Gahr Store in the Oval Office at the White House on April 24, 2025 in Washington, DC. The leaders are expected to discuss security, trade, NATO and the war in Ukraine. (Photo by Chip Somodevilla/Getty Images)Politics

    Trump’s attacks on Fed Chair Jerome Powell and calls to cut interest rates could backfire, economists say

    By Christopher Rugaber and The Associated Press
  • President Donald Trump speaks as he meets with Italy’s Prime Minister Giorgia Meloni in the Oval Office of the White House, Thursday, April 17, 2025, in Washington. (AP Photo/Alex Brandon)Politics

    Trump doubles down on claim he can remove Fed chair Jerome Powell: ‘If I want him out, he’ll be out of there real fast’

    By Christopher Rugaber, Aamer Madhani, and others
  • FILE – A shopper checks eggs before he purchases at a grocery store in Glenview, Ill., Tuesday, Jan. 10, 2023. (AP Photo/Nam Y. Huh, File)Finance

    Inflation cooled last month, but ‘don’t get used to it’: Trump’s tariffs may drive prices even higher, economists warn

    By Christopher Rugaber and The Associated Press