Fact-Checking Trump’s Tweet About Too-High Interest Rates

President Trump has made a regular habit of criticizing the Federal Reserve, and on Friday he tweeted that the central bank’s “faulty” decision-making was causing Americans to pay higher interest rates than other nations. The Federal Reserve is supposed to keep the economy growing at a steady pace. Mr. Trump nominated its chair, Jerome H. Powell, and three of its other four sitting governors, but those leaders are confirmed by the Senate and operate independently of the White House. And Mr. Trump has no tie to the 12 Fed district…

Fed Chair Powell Signals Openness to Rate Cut and Stock Market Rallies

WASHINGTON — Federal Reserve Chair Jerome H. Powell signaled that an interest-rate cut may come soon, sending stocks to a new high as the benchmark S&P 500 stock index traded above 3,000 for the first time. Mr. Powell, testifying before the House Financial Services Committee on Wednesday, said risks to the United States economy remain, including President Trump’s trade war and global economic weakness, suggesting a cut may be more likely than not when the Fed meets again later this month. While the Fed continues to expect a solid job…

Global Recession Risks Are Up, and Central Banks Aren’t Ready

Central bankers have a favorite mantra: Patch the roof while the sun is shining. But 10 years after the Federal Reserve worked alongside the European Central Bank and the Bank of Japan to bring the global economy back from the brink, their ability to prevent the next downturn is limited. Whether the world’s central banks are prepared to combat another slump is becoming less of a hypothetical question as the global economy shows signs of strain. The chances that the United States will enter a recession by next year have…

Trade War May Be Slowing Business Spending and Factories, Fed Says

WASHINGTON — Federal Reserve officials worry that the uncertainty caused by the trade war between the United States and China could be constraining business spending and may be contributing to a manufacturing slowdown that is dragging on growth. The concerns were outlined in the Fed’s semiannual Monetary Policy Report, released on Friday as Jerome H. Powell, the chair, prepared to testify on Capitol Hill next week. The report said that the American financial system was more resilient today than it was before the 2008 financial crisis, that economic activity had…

Minority Women Are Winning the Jobs Race in a Record Economic Expansion

The United States economy on Monday hit a milestone, reaching its longest expansion on record. Just a decade ago, the nation was mired in a severe recession that had erased trillions of dollars in wealth and left millions of people out of work. While the recovery has delivered uneven gains, Hispanic women have emerged as the biggest job market winners in an economy that has now grown for 121 straight months, assuming data released in coming months confirms continued growth. Employment rates for Hispanic women between 25 and 54, prime…