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Spokane, Washington  Est. May 19, 1883
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Top White House adviser says Trump still backing Moore

White House adviser Kellyanne Conway says the president is still backing conservative commentator Stephen Moore for a spot on the Federal Reserve board, and she adds she’s not concerned about some of his controversial comments on women.

Mnuchin says Fed independence is important globally

Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed.

Robert J. Samuelson: Job creation is job one

Federal Reserve Chairman Jerome (“Jay”) Powell didn’t waste much time getting to the point at last week’s press conference. “My colleagues and I have one overarching goal: to sustain the economic expansion, with a strong job market and stable prices, for the benefit of the American people,” he said. It was a statement purged of ambiguity, with the Fed deciding not to raise interest rates or tighten credit – steps that had previously seemed possible. Job creation, it seems, is job one.

Fed sees low rates well into future and excites Wall Street

The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. The Fed also says it’s prepared to slow the reduction of its bond holdings if needed to help the economy.

Powell says he would reject any Trump request to resign

Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned by Trump’s repeated attacks on his hand-picked choice to lead the nation’s central bank.

Trump assails Fed as the ‘only problem our economy has’

President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as Fed chairman was safe.