Jerome Powell
Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source
Read More
Analysis: Tough jobs report puts Trump’s Iran war plans to the test
A difficult jobs report comes at a tough time for the White House. Gas prices are rising due to the war in Iran, while stock market turmoil is making savers and retirees antsy about the state of their 401(k)s. Data released Friday showing a loss of 92,000 jobs in February will put pressure on the […]
Read More
Why Iran war oil price shock won’t stop Fed pick Kevin Warsh from cutting interest rates
The war in Iran has caused oil prices to spike, prompting concerns about a resurgence of inflation. That has led Federal Reserve officials to raise the possibility that they may pause the Fed’s recent efforts to lower interest rates, or potentially even raise rates. But that is the Fed as it’s now known. The central […]
Read More
Trump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman […]
Read More
Trump previewed weak GDP on Truth Social ahead of official data release
U.S. President Donald Trump speaks at the Coosa Steel Corporation on Feb. 19, 2026 in Rome, Georgia. Chip Somodevilla | Getty Images Forty minutes before the federal government revealed that economic growth slowed sharply in the last quarter, President Donald Trump dropped a hint that the incoming data would be weaker. “The Democrat Shutdown cost […]
Read More
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%
U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while a key inflation metric showed high prices are still a factor for the economy, according to data released Friday. Gross domestic product rose at an annualized rate of just 1.4%, according to the Commerce Department, […]
Read More
Sen. Warren tells Fed and Treasury: No bailout for crypto billionaires
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, speaks during a hearing in Washington, DC, US, on Thursday, Feb. 5, 2026. Kent Nishimura | Bloomberg | Getty Images Sen. Elizabeth Warren asked the Treasury Department and the Federal Reserve on Wednesday to confirm that they […]
Read More
The ‘boomcession’: Why Americans feel left behind by a growing economy
Fotostorm | E+ | Getty Images Welcome to the “boomcession.” The term is a portmanteau of the words “boom” and “recession.” It highlights how the average American doesn’t feel like they’re reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller. Economic output and the stock […]
Read More
Amazon’s losing streak, Berkshire’s new position, the ‘boomcession’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. I’ve been craving birria since reading about the Mike’s Red Tacos new franchising plan. Stock futures are higher this morning. The three major indexes all ended yesterday’s session little changed. Here are five key things investors need to know to […]
Read More
Treasury yields nudged higher as investors await Fed meeting minutes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Feb. 6, 2026. Michael Nagle | Bloomberg | Getty Images U.S. Treasury yields edged higher on Wednesday as investors anticipated the Federal Reserve’s meeting minutes and key inflation data. The 10-year Treasury yield rose more than 1 basis point […]
Read More