Federal Reserve rate cut
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Johns Hopkins political scientist Nicolas Jabko explains how prevailing political forces threaten to disrupt the nation's money supply and the global economy
The Senate confirmed the rushed appointment of Stephen Miran, chairman of the White House Council of Economic Advisers, in a 48-47 vote in favor. He is set to fill the empty seat left by former Fed Governor Adriana Kugler, who stepped down from the role in August. The term is set to end in January.
The Fed cut rates Wednesday, resisting Trump’s push for deeper cuts, but looming legal and political battles — including a Supreme Court case — could test its independence.
Fresh U.S. data suggest the Fed may not need to hurry monetary easing, triggering a bonds selloff and sending Treasury yields and the dollar higher. Weekly jobless claims fall to 231,000 from an upwardly revised 264,