Sign in Subscribe

Myriam LEMETAYER AFP

Trump says will fire Fed chair if he stays beyond mandate

Trump says will fire Fed chair if he stays beyond mandate

President Donald Trump renewed pressure Wednesday on Federal Reserve Chair Jerome Powell, with the US leader threatening to fire the central bank chief if he stays beyond his mandate. Powell's term at the helm of the Fed expires on May 15, although he can remain in his role

US inflation surges to 3.3% as Iran war impact bites

US inflation surges to 3.3% as Iran war impact bites

Inflation in the United States rose sharply in March, government data showed Friday, as higher energy prices due to the war in the Middle East hit Americans hard. The nationwide sticker shock put pressure on President Donald Trump, who has ordered peace talks with Iran and faces mid-term elections

US registers strong job growth in boost to Trump

US registers strong job growth in boost to Trump

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed by US President Donald Trump -- but seen with caution by analysts. The world's largest economy gained 178,000 jobs in March, after losing 133,000 in February, and the unemployment rate

At gas stations, Americans say they're 'paying the price' of Iran war

At gas stations, Americans say they're 'paying the price' of Iran war

At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard. Jeanne Williams, 83, had just driven 100 miles (160 kilometers) from Richmond, Virginia, where she was visiting her elder sister. "That is

Powell probe leaves US Fed leadership change in limbo

Powell probe leaves US Fed leadership change in limbo

US President Donald Trump has repeatedly insulted and criticized Federal Reserve Chairman Jerome Powell, famously calling him a "numbskull" and demanding the independent central bank lower interest rates despite stubbornly high inflation. The Trump administration has ramped up the pressure on Powell, initiating an unprecedented investigation into him