The White House continues to insist the economy is strong but advisers are looking at a potential payroll tax reduction if things worsen. Source: NYT > Business – Maggie Haberman, Jim Tankersley and Annie Karni
Trump Administration Considers Moves to Bolster Economy
The White House continues to insist the economy is strong but advisers are looking at a potential payroll tax reduction if things worsen. Source: NYT > Business – Maggie Haberman, Jim Tankersley and Annie Karni
Global Recession Risks Are Up, and Central Banks Aren’t Ready
The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation. Source: NYT > Business – Jeanna Smialek, Jack Ewing and Ben Dooley
Trump’s Decision to Tap Shelton Creates Political Risk for the Fed
Judy Shelton, President Trump’s nominee to the Federal Reserve Board, criticizes how the central bank sets rates — and could reignite an old controversy. Source: NYT > Business – Jeanna Smialek
Fed Leaves Interest Rates Unchanged as Low Inflation Persists
The Fed is continuing its “patient” stance as it considers its next move. Weak inflation will force the Fed to walk a policy tightrope. Source: NYT > Business – JEANNA SMIALEK
Trump Says Fed Should Cut Rates and Lift Economy
President Trump said on Friday that he wants another round of quantitative easing from the central bank. Source: NYT > Business – JIM TANKERSLEY