Federal Reserve As It Happened Us Central Bank Cuts Growth As Trumps Policies Weigh on Outlook
Sort by
Date
-
In rural Louisiana, Speaker Mike Johnson’s constituents fear potential Medicaid cuts
In House Speaker Mike Johnson’s backyard, many residents rely on anti-poverty programs to help make ends meet — and are pleading with the Louisiana Republican to protect those benefits as Congress ...NBC News - Mar. 12 -
Trump’s Tariff Policies Jolt Auto Industry Executives
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.The New York Times - 2d -
Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December.CNBC - 15h -
Threats Rise Against Judges Overseeing Trump Policy Cases, Fueling Safety Concerns
Federal judges are worried that online threats against those who oversee high-profile cases challenging Trump administration policies may lead to real-world violence.The New York Times - 1d -
What's next for federal education funding after Trump cuts
President Trump is starting to enact his pledge to close the Department of Education. Liam Knox, a reporter for Insider Higher Ed, joins to discuss.CBS News - Mar. 12 -
Trump Signs Order to Create a ‘Crypto Reserve’
The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.The New York Times - Mar. 9 -
Musk’s cuts fail to stop US federal spending hitting new record
Government spending rose to $603bn in February despite hyperactive efficiency drive, data showsFinancial Times - Mar. 12 -
Trump defends Elon Musk, DOGE cuts to federal workforce
President Trump defended Elon Musk and DOGE over the weekend after reported rifts between Musk and Cabinet members. CBS News White House reporter Olivia Rinaldi has more.CBS News - Mar. 10 -
Trump tariffs partly to blame for inflation: Fed chair
"We are not in a hurry," Federal Reserve Chair Jerome Powell said earlier this month.ABC News - 1d -
One of Wall Street's biggest bulls cuts his S&P 500 outlook, blaming Trump's tariffs
Widely followed strategist Ed Yardeni, one of the biggest bulls on Wall Street, lowered his market forecast, saying President Donald Trump’s tariffs raise the risk of stagflation.NBC News - Mar. 13 -
Trump tariff uncertainty pushes BoJ to hold rates
Risk of potential US downturn weighs on Tokyo’s hope for economic revivalFinancial Times - 1d -
State and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations, policy experts say.NBC News - Mar. 13 -
Hawaii Gov. Josh Green on Trump wanting states to run education: “I’ll take it”
Hawaii Gov. Josh Green (D) on Wednesday said that if President Trump's plan to put education policy in the hands of the states happens, he would "take it" and "make good use" of the money that ...The Hill - Mar. 13 -
Trump’s coercion descends into chaos
The US’s tariff policy evokes bafflement as well as fearFinancial Times - Mar. 10 -
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead
Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.The New York Times - Mar. 6 -
Judge orders 6 federal agencies to offer to reinstate fired probationary employees
A federal judge has ordered six federal agencies to offer to reinstate probationary employees who were fired as part of the Trump administration's cuts through the Office of Personnel Management. ...CBS News - Mar. 13 -
Could the US buy Greenland? If so, how?
Donald Trump says he wants the US to take over Greenland. Could it happen? If so, how?BBC News - Mar. 6 -
Department of Education cuts half its workforce
The Department of Education cut half its workforce amid President Trump’s effort to abolish the agency. Trump touted the cuts, saying they shift responsibilities away from the federal bureaucracy ...NBC News - Mar. 12 -
How federal lands can be used to ease the housing crisis
President Trump's pledge to open up federal land for housing construction could alleviate the housing market's top financial worry, which is inflation, by making homeownership more affordable.The Hill - Mar. 10 -
Poll: As Trump and courts clash, voters weigh whether each branch of government has too much power
As a federal judge presses President Donald Trump's administration over whether it violated an order halting deportations, in a growing clash between the presidency and the judicial branch, more ...NBC News - 1d -
What are tariffs and why is Trump using them?
Tariffs are a central part of Trump's political vision, but economists fear they could spark a trade war.BBC News - Mar. 12 -
Harvard freezes hiring amid financial 'uncertainties' driven by Trump policies
Harvard University says it is freezing hiring for faculty and staff amid financial “uncertainties” driven by the Trump administration. “Universities throughout the nation face substantial financial ...The Hill - Mar. 10 -
'You lose all hope': Federal workers gripped by mental health distress amid Trump cuts
In interviews with NBC News, many federal workers shared stories of overwhelming stress, personal crises, rapid weight loss, panic attacks and more.NBC News - Mar. 9 -
Accenture is DOGE's first corporate casualty as shares dive on warning that contracts will be cut
Shares of Accenture slid more than 7% on Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.CNBC - 6h -
Judge blocks Trump administration plan to cut millions for teacher training
Eight states had requested a temporary restraining order, which judge granted saying ‘programs ... will be gutted’ . A federal judge in Boston on Tuesday blocked the Trump administration’s plan to ...The Guardian - Mar. 12 -
US energy groups call on Trump to take steadier approach on policy
Executives seek more predictable long-term rules after executive order whirlwind on climate, LNG, drilling and windFinancial Times - Mar. 10 -
Trump’s Cuts to Federal Work Force Push Out Young Employees
The loss of early career workers has raised concerns about the impact on the next generation of civil servants.The New York Times - Mar. 6 -
C.E.O.s Will Meet With Trump Amid Fears About Tariffs’ Fallout
The president is set to meet with corporate leaders on Tuesday, as concerns over his protectionist trade policies weigh on markets and the economy.The New York Times - Mar. 11 -
The US economy is heading for recession
Donald Trump’s policy agenda is sapping American animal spiritsFinancial Times - Mar. 9 -
Lummis introduces bill to create bitcoin strategic reserve
Sen. Cynthia Lummis (R-Wyo.) reintroduced legislation Tuesday to create a bitcoin strategic reserve, seeking to codify President Trump’s executive order last week establishing a reserve. The bill, ...The Hill - Mar. 11 -
Europe courts US scientists fleeing Trump crackdown
Cambridge university among institutions seeing chance to hire talent unsettled by US spending cutsFinancial Times - 2d -
Elon Musk’s White House role weighs on business empire
Elon Musk’s role in the Trump administration is complicating his business ventures, as the tech billionaire pushes forward with efforts to slash the federal government and budget in the face of ...The Hill - Mar. 12 -
Central banks should fear misbehaving inflation expectations
Widening dispersion and greater inflation uncertainty mean expectations are not as anchored as they appearFinancial Times - Mar. 11 -
Trump administration pauses $175m in funds to UPenn over trans athlete policy
White House official reportedly calls funding freeze ‘just a taste of what could be coming’ for Ivy League university. US politics live – latest updates The Trump administration has paused ...The Guardian - 1d -
Elon Musk's Starlink has a growing footprint in the federal government
The use of Starlink has been adopted by at least one additional federal agency since Donald Trump began his second presidential term.NBC News - Mar. 8 -
US consumers’ long-term inflation expectations hit 32-year high
Worse than expected data comes days ahead of Federal Reserve’s next meeting on interest ratesFinancial Times - 6d -
GOP's Burchett berates CNN anchor over spending cuts coverage
Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...The Hill - Mar. 11 -
Some Federal Office Leases Restored After Pushback to Musk Team’s Cuts
The chaotic effort to reduce the government’s real estate portfolio is another example of the setbacks the administration has faced as officials try to carry out President Trump’s agenda.The New York Times - 3d -
FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia
Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with MagaFinancial Times - 15h -
The US Army Is Using ‘CamoGPT’ to Purge DEI From Training Materials
Developed to boost productivity and operational readiness, the AI is now being used to “review” diversity, equity, inclusion, and accessibility policies to align them with President Trump’s orders.Wired - Mar. 6