Three Federal Reserve officials said they did not support the decision to cut interest rates this week, confirming Federal Reserve Chair Jerome Powell’s warning on Wednesday that another rate cut in December is far from guaranteed. Dallas Fed President Lorie Logan and Cleveland Fed President Loretta Mester said on Friday that they preferred to keep […]
Just as Mark Carney was working to shield Canada from the impact of the trade war, President Donald Trump launched a new round of tariff attacks on Canada. This weekend, the US leader announced a 10% tariff on Canadian goods – the cause being a critical advertisement in Ontario – while Prime Minister Trudeau began […]
Israel and Hamas have agreed to release all the hostages held by Palestinian radical groups in the Gaza Strip, marking a major breakthrough in the negotiations brokered by the United States and Qatar to end the two-year war between the two sides. Trump posted on social media on Wednesday: “I am very proud to […]
Federal Reserve Chair Jerome Powell bluntly warned investors to lower expectations for a rate cut in December, highlighting the growing tug-of-war among US policymakers over the outlook for jobs and inflation. Although Powell made it clear that the main concern of some people is the cooling of the job market, other officials within the Federal […]
Two things are expected to happen at this week’s Federal Reserve meeting: officials will cut interest rates by 0.25 percentage points, and Chair Jerome Powell will offer little guidance because the widening rift among policymakers has clouded the path ahead. Powell said earlier this month that the Federal Open Market Committee would still be watching […]
Finance Minister Scott Bessent confirmed on Monday that the list of candidates for the next chairperson of the Federal Reserve has been reduced by about half. There are currently about five candidates remaining. They are: current Federal Reserve governors Christopher Waller and Michelle Bowman, former governor Kevin Warsh, White House National Economic Council director Kevin […]
Vice President Vance said that he believed the US government was about to shut down and tried to shift the blame to the Democrats the day before federal funds were due to expire. “I think we’re headed for a government shutdown because the Democrats won’t do the right thing,” Vance said Monday after meeting with […]
As the federal government shutdown enters its second week, its consequences are beginning to emerge. This week, more than 250,000 federal employees failed to receive their salaries on time. If the deadlock persists into the third week, it is estimated that another 2 million people will lose their wages. Some air traffic controllers who have […]
White House officials said on Wednesday that the Trump administration is considering imposing export restrictions on China and banning the purchase of large quantities of key software. Previously, Reuters reported that if China does not withdraw its threat to restrict rare earth exports, the United States will consider taking measures similar to those imposed on […]
Naoto Kan’s successor, Yoriko Koike, became Japan’s first female prime minister on Tuesday, October 21, 2025 – 32 years after she and Yoshihiko Noda entered the Diet in the same class – marking a historic and unique breakthrough. Immediately, she ordered a new round of economic measures to be taken, aimed at easing the inflation […]