Consumers who have been waiting for borrowing costs to drop will have to keep waiting: With inflation elevated, the Federal Reserve is expected to keep interest rates unchanged on Wednesday, a stance it has held since December. “The Fed is in wait-and-see mode, and that likely means no immediate rate cuts,” said Matt Schulz, chief…
Kevin M. Warsh moved one step closer on Wednesday to becoming the next chair of the Federal Reserve, after Republicans on a key Senate panel advanced his nomination to the full chamber for a final vote. The development all but guaranteed that Mr. Warsh, a Fed governor from 2006 to 2011, would eventually take over…
I remember when, as a presidential candidate, Donald Trump lambasted Barack Obama for bailing out automakers after the financial crisis, an effort President Obama asked me to lead. The auto industry should have gone bankrupt and “rebuilt itself, through the free enterprise system,” Mr. Trump said then. So I couldn’t help being struck by the…
Sadie Parker was fretting about finding a job. Many people she knew were having trouble landing work. She had wanted to join the Foreign Service, but she was worried that federal spending cuts could limit her options. She was petrified that artificial intelligence would wipe out other entry-level jobs. “I was extremely anxious,” said Ms….
The Trump administration on Friday dismissed members of an independent board that oversees the National Science Foundation, which finances much of the public scientific research in the United States. On Friday afternoon, National Science Board members received a terse email “on behalf of President Donald J. Trump” that said their position was “terminated, effective immediately.”…
Roland Rudd, the chair of Tate, is in a bullish mood when we meet at his offices in the Adelphi Building, which sits on the Thames between the art institution’s two London sites. “Things have never been better,” he says. It’s a rebuff to any suggestion that the organisation is in flux – and, as…
For most of last year, Calley Means, a top aide to Health Secretary Robert F. Kennedy Jr., was advising on changes to the American health system while running a rapidly growing wellness company poised to benefit from Trump administration health policies. Records released to The New York Times by an ethics office at the Department…
You probably won’t receive a huge tariff refund. The largest businesses stand to reap the biggest bucks as the Trump administration begins to return more than $166 billion in duties deemed illegal by the Supreme Court. Even though President Trump’s trade policies have led to higher prices for companies and consumers, many families aren’t in…
He was combative, defensive and occasionally contrite. He vehemently denied, then halfheartedly apologized for suggesting in 2024 that Black children would benefit from being “re-parented.” He shouted at Democratic senators, accusing them of “grandstanding” and “selective indignation.” He insisted he had delivered “historic wins” for the health of the American people. In the end, after…
Over four days and nearly 20 hours of testimony, under harsh questioning from Democrats, Health Secretary Robert F. Kennedy Jr. has repeatedly backed away from his longstanding criticism of the measles, mumps and rubella vaccine. On Wednesday, he made his strongest statement yet — albeit on behalf of his department and not himself. “We promote…
