Officials at the Federal Reserve on Friday showed little sign of deviating from their message that there is no urgency to lower interest rates, despite a claim by President Trump that there is “no inflation.” A solid economy affords the central bank the flexibility to wait and see what the economic impact of Mr. Trump’s […]
On the night of the 2024 presidential election, Ken James, a retired engineer from Calgary, Alberta, was at his second home in Palm Springs, Calif., watching with dismay as the results rolled in. Mr. James, 68, called his wife back in Calgary. “If he gets back in, I’m selling,” he recalled her saying of Donald […]
Treasury Secretary Scott Bessent on Wednesday called for major overhauls to the missions of the International Monetary Fund and the World Bank but said that the United States remained committed to maintaining its leadership role at the global economic institutions. The comments, made at a speech on the sidelines of the spring meetings of the […]
When President Trump paused a punishing round of global tariffs last week, he attributed his change of heart to one main thing. “I was watching the bond market,” he said. “The bond market is very tricky.” Mr. Trump should know — he had a big personal stake in it. A New York Times analysis of […]
The bedrock of the financial system trembled this week, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the […]
President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession. As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his […]
President Trump upended the international trading system on Wednesday with a blunt package of global tariffs, making the case that the United States faces a dire economic emergency as a result of trade imbalances with countries across the globe. It’s a sentiment that Mr. Trump has expressed for decades, one that helped propel him to […]
