Restaurants and pubs on James Street in London, UK, on Friday, Dec. 13, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by a more-than-expected 0.3% in November, data from the Office for National Statistics (ONS) showed Thursday. Economists polled by Reuters had expected a very modest growth figure of 0.1%. The ONS…
President Donald Trump on Friday said he’d prefer to keep National Economic Council Director Kevin Hassett in his position as top economic advisor, a statement that could change the dynamic in the race to see who will replace Jerome Powell as Federal Reserve chair. During an appearance in the White House, Trump said, “I see…
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as…
A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images Shares of Novo Nordisk rose more than 8% on Friday after early prescription data showed an encouraging start to the U.S. launch of the company’s new GLP-1 pill for obesity. In…
Chicago Fed President Austan Goolsbee said anything that is infringing or attacking the independence of the central bank “is a mess.” Source link
The Federal Reserve’s current policy stance on interest rates leaves the central bank well positioned to determine the extent and timing of additional rate adjustments based on incoming data, Philip Jefferson said. Source link
President Trump’s campaign to exert more control over the Federal Reserve recently hit a new gear. Here are the basics on the long-running situation. Source link
In her first interview with a national outlet since taking the job, Anna Paulson says the central bank chair has been “very effective.” Source link
Schmid, one of three dissenters in Federal Reserve’s decision for quarter-point rate cut in December, said that with inflation above the Fed’s 2% target for more than four years policymakers don’t have room to be complacent. Source link
U.S. PCE inflation data will be watched in the coming week, alongside U.S. gross domestic product numbers, as investors continue to gauge the likely timing of the next Federal Reserve interest-rate cut. Source link