Powell and the Fed won’t be able to avoid talking about Trump forever
The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.
Annual inflation rate hit 2.6% in October, meeting expectations
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.
Wholesale prices rose 0.2% in October, in line with expectations
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.
UK economy surprises with September contraction, grows just 0.1% in the third quarter
The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.
Trump and Fed Chair Powell could be set on a collision course over interest rates
Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.
Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says
A former Fed governor himself, Warsh would move over to the central bank after current Chair Jerome Powell's term expires.
Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
The founder of Key Square Group was deemed a strong favorite to lead the Treasury Department, along with several other contenders.
Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
"Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns," one financier told CNBC.
U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why
Trump said he will pick the Wall Street figure to take on his administration's most important economic role.