The most plausible justification for this is fear of slower economic growth. Most companies have not found a use case for AI yet, and the best models (ChatGPT, Gemini) have free versions. If you are ...

Fed Chair Jerome Powell opens up about his routine, political pressure from Trump and the future of the Fed’s independence.

President Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates. And Trump says he ...

Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, ...

The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next ...

The new president will also oversee some 900 Philadelphia Fed employees who conduct research on the local economy and advise ...

Every Thursday, the Spy hosts a conversation with Al From and Craig Fuller on the most topical political news of the moment.

After hitting a peak of 7.04% in January 2025, mortgage rates have retreated, but the decline has been sluggish, as rates ...

While many investors are focused on the reeling stock market, the real economic story may be playing out in the 10-year ...

The Musk and Trump cuts to government programs are part of a larger movement towards ‘free markets’ began a little over fifty ...

We spend very little time and effort learning about what the hundreds of government agencies are doing. Agencies like the Fed ...

Every so often the US casts its mind back to the 1950s it seems (eg American Graffiti and Happy Days in the 1970s) and so it ...