Key Takeaways
First Cut of the Year: The Fed lowered its benchmark rate by 25 basis points to a 4%–4.25% range, the first cut since December 2024.
Labor Market Weakness: Policymakers cited slowing job growth and rising unemployment as reasons to...
President Donald J. Trump isn’t just talking about accountability—he’s bringing the receipts. In a tense, made-for-TV moment, Trump confronted Federal Reserve Chair Jerome Powell during a site visit, both men sporting hard hats for the occasion.
“So we’re taking a...
