Economy

Watch: Biden delivers remarks at the Economic Club of Washington, D.C.

[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a…

The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means

Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a “recalibration” of policy at…

Bank of England presses pause on rate cuts, highlights ‘gradual approach’

LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in…

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Powell downplays impact of rate cut on Trump-Harris presidential race

Federal Reserve Chair Jerome Powell suggested that Wednesday’s larger-than-expected interest rate cut may have a limited effect on the presidential…

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…