Photo of job applicants lined up during a job fair in Hollywood, Fla.

US Hiring Slows Amid Trade Tensions, Weaker Global Economy

WASHINGTON — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth and widening trade conflicts. Last month's modest job gain followed a much healthier increase ...
Photo of Jerome Powell

Fed Signals Neither a Rate Hike nor a Cut Is Likely Soon

WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate ...

Forbes Talks Deregulation, Supports Trump at Fresno State

Steve Forbes believes Donald Trump is on the right economic track. But, sometimes, Forbes adds, the president gets in his own way. The chairman of his eponymously named financial media empire talked to reporters before his lecture Monday evening at the Save...
Portrait of Federal Reserve Chairman Jerome Powell

Fed Raises Interest Rates. What Will It Do in 2019?

WASHINGTON — The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. The qua...
Photo of Jerome Powell

Powell: US Economy Healthy and Rate Hikes Aren’t Automatic

WASHINGTON — Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's ...