Former President Donald J. Trump’s presidential campaign said in a letter to Republican vendors that candidates may use his name, image and likeness in campaign materials only if they give at least 5 percent of the donations they receive to Mr. Trump’s campaign send. The move effectively imposes a tax on the use of the…
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to launch a rate-cutting campaign that would reverse some of the most aggressive…
Federal Reserve Chairman Jerome H. Powell said Friday that robust economic growth gives the central bank the flexibility to be patient before cutting interest rates. Fed officials raised interest rates sharply from early 2022 to mid-2023, leaving them at about 5.3 percent since last July. This relatively high level essentially slows down the economy, including…
Former U.S. President Donald Trump returns from a break at the New York Supreme Court during his civil fraud trial on November 6, 2023 in New York City. Adam Gray | AFP | Getty Images A New York appeals court on Monday suspended a massive civil white collar fraud ruling against Donald Trump for 10…
President Biden, who is reinforcing a populist sentiment in his re-election campaign, has repeatedly said he will raise taxes on the rich and corporations so they pay their “fair share.” Republicans say Mr. Biden has “an unquenchable thirst to tax the American people.” His Republican opponent in the election, former President Donald J. Trump, recently…
The Swiss national flag hangs at the Bundeshaus, the Swiss parliament building, in Bern, Switzerland, on Thursday, December 13, 2018. The Swiss National Bank lowered its inflation forecast and showed no inclination to deviate from its crisis-era settings due to the strength of the franc and growing global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images…
Christine Lagarde, President of the European Central Bank, at the “ECB and its observers” conference on March 20, 2024 in Frankfurt am Main. Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde reiterated on Wednesday that policymakers will consider cutting interest rates in June, but outlined an uncertain path beyond that. “By…
Federal Reserve officials welcomed a recent slowdown in inflation at their last meeting in late January but wanted to tread cautiously as they move toward rate cuts, according to minutes from that meeting released Wednesday. Central bankers raised interest rates sharply from March 2022 to July 2023, pushing them from a base near zero to…
The Federal Reserve is widely expected to leave interest rates unchanged at the end of its meeting on Wednesday. But investors will be watching closely for clues about when and by how much it might cut those rates this year. The expected rate cuts raise a big question: Why should central bankers cut borrowing costs…
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Federal Reserve Chairman Jerome Powell during a hearing of the Senate Banking, Housing and Urban Affairs Committee on Tuesday, September 28, 2021 in Washington, DC, UNITED STATES. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are urging…
