Inquisitr on MSN

Trump’s Own Fed Pick Admits Economy Is Tanking Under His Watch

President Donald Trump keeps boasting about a booming economy, but one of his own appointees just broke ranks. Federal ...

Shutdown is costing US economy $15 billion a day, Bessent says

The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury ...

AI spending is a big driver in the economy right now, says PIMCO's Richard Clarida

Richard Clarida, former Federal Reserve vice chairman and PIMCO global economic advisor, joins 'Closing Bell' to discuss ...

As US shutdown starts to bite, how much could it hit economy?

"We're reaching this critical inflection point in terms of the government shutdown and its ramifications for the broader ...

Shutdown may start costing economy $15B a day: Bessent

Treasury Secretary Scott Bessent said Wednesday that the ongoing government shutdown may start costing the economy as much as $15 billion per day. “We call on the moderate Democrats in the Senate to ...

U.S. economy has lost momentum over the past 2 months, Fed’s beige book finds

Reports from across the U.S. indicate sluggish economic conditions across much of the country, with only three of the Federal Reserve’s 12 district banks reporting expanding activity in their regions, ...
AlterNet on MSN

'Weaker': Trump-appointed Fed gov delivers stunning admission about president’s economy

Federal Reserve Governor Stephen Miran, appointed by President Donald Trump, said Wednesday the U.S. economy has lost ...

Lebanon's economy minister expects cabinet to sign fiscal gap law soon

Lebanon's cabinet is soon expected to approve and send to parliament a long-awaited law needed to restructure its debt burden, the country's economy minister said, adding that policymakers are in ...