Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight

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Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight

The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades ..
A Reprieve for Veterans Applying for V.A. Mortgages A Reprieve for Veterans Applying for V.A. Mortgages

House Republicans have scaled back a proposal to charge higher fees for the loans after opposition..
Bitcoin Price Drops as Crypto Industry Faces Another Slump Bitcoin Price Drops as Crypto Industry Faces Another Slump

Despite strong backing from the White House, the price of Bitcoin is now lower than when President..
They Said They Weren’t Close to Epstein. New Documents Show Otherwise. They Said They Weren’t Close to Epstein. New Documents Show Otherwise.

Materials released by the Justice Department revealed that leading business and political figures..
A Hawkish Kevin Warsh at the Fed Could Haunt Bessent A Hawkish Kevin Warsh at the Fed Could Haunt Bessent

The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear..
A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom. A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom.

Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running..
Fed Meeting Comes at Pivotal Moment for Central Bank’s Independence Fed Meeting Comes at Pivotal Moment for Central Bank’s Independence

The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a..
What to Watch as the Federal Reserve Meets What to Watch as the Federal Reserve Meets

The central bank is expected to hold interest rates steady on Wednesday after a series of..
Fed’s Independence in Flux as Supreme Court Weighs Lisa Cook’s Ouster Fed’s Independence in Flux as Supreme Court Weighs Lisa Cook’s Ouster

How the justices rule in the case between President Trump and the Federal Reserve governor will..
For Trump, the Supreme Court Case Reflects Goal to Remake the Fed For Trump, the Supreme Court Case Reflects Goal to Remake the Fed

The president has spoken repeatedly of his desire to install a majority of political loyalists on..
Federal Reserve Inquiry Clouds Trump’s Supreme Court Bid to Oust Lisa Cook Federal Reserve Inquiry Clouds Trump’s Supreme Court Bid to Oust Lisa Cook

The court is set to hear Ms. Cook’s case challenging her firing as the Justice Department..
Why Banks Are So Worried About a 10% Credit Card Rate Cap Why Banks Are So Worried About a 10% Credit Card Rate Cap

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would..
In a Risky Gambit, Trump Tries Brute Force to Lower Prices In a Risky Gambit, Trump Tries Brute Force to Lower Prices

To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats..
Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds

The move, a bid to make homes more affordable, would be a back-to-future moment for the two..
Trump Says He Has Made Up His Mind on His Fed Chair Pick Trump Says He Has Made Up His Mind on His Fed Chair Pick

The president stopped short of announcing his selection, but when asked about Kevin A. Hassett, his ..
Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals

Buyout firms have struggled to sell companies they own and have instead found a workaround to get..
Chasing an Economic Boom, White House Dismisses Risks of A.I. Chasing an Economic Boom, White House Dismisses Risks of A.I.

The administration has downplayed concerns — from mass job losses, to a potential financial bubble..
The Economy Survived 2025, But Many Americans Are Reeling The Economy Survived 2025, But Many Americans Are Reeling

A feared recession didn’t materialize, but unemployment rose, wage growth slowed and affordability..
Robert Mnuchin, Stock Trader Turned Art Dealer, Dies at 92 Robert Mnuchin, Stock Trader Turned Art Dealer, Dies at 92

A major player in the block-trading boom, he left Wall Street for the art world, winning a Jeff..
John E. Olson, Analyst Fired for Enron Skepticism, Dies at 83 John E. Olson, Analyst Fired for Enron Skepticism, Dies at 83

An adviser at Merrill Lynch, he refused to recommend the energy trading company. His employer..
Jobs Report Could Provide Overdue Clarity on Uncertain Economy Jobs Report Could Provide Overdue Clarity on Uncertain Economy

Hiring and unemployment data for November will offer a snapshot of a cooling job market buffeted by ..
Russia Sues Holder of Frozen Assets Europe Wants for Ukraine Loan Russia Sues Holder of Frozen Assets Europe Wants for Ukraine Loan

The lawsuit was a warning to European officials who are racing to agree to a plan to use Russian..
How to Read the Fed’s ‘Dot Plot’ Projections Like a Pro How to Read the Fed’s ‘Dot Plot’ Projections Like a Pro

The forecasts will offer a glimpse of the path for policy at a highly uncertain moment for economy..
Fed Governor Lisa Cook Says Housing Official Worked With Trump to Tarnish Her Fed Governor Lisa Cook Says Housing Official Worked With Trump to Tarnish Her

Lisa Cook, accused of fraud on mortgage papers, said in a legal filing that Bill Pulte, who..
JPMorgan Had to Pay for Charlie Javice’s Legal Fees — and Her Restaurant Bills JPMorgan Had to Pay for Charlie Javice’s Legal Fees — and Her Restaurant Bills

When prosecutors accused Charlie Javice of fraud, JPMorgan was forced to pay for her defense. The..
Investors Shudder at Signs of Loan Trouble in Banks Investors Shudder at Signs of Loan Trouble in Banks

After months of roaring share prices, stock investors were rattled this week by reports of souring..
Is the Fed Too Confident About Inflation? Some Economists Think So. Is the Fed Too Confident About Inflation? Some Economists Think So.

The central bank confronts “no risk-free path” in balancing the risk of a sharp slowdown in the..
The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929? The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929?

A group of financiers is trying to convince the public to invest heavily in private equity and..
The Irony of Corporate America’s Many Patagonia Vests The Irony of Corporate America’s Many Patagonia Vests

Yvon Chouinard, the founder of Patagonia, hates the idea of billionaires and says he doesn’t trust..
Trump Says He Is Removing Lisa Cook From Federal Reserve Board Trump Says He Is Removing Lisa Cook From Federal Reserve Board

“I have determined that there is sufficient cause to remove you from your position,” Mr. Trump said ..
How Cryptocurrency Could Be Coming for Your Bank Account How Cryptocurrency Could Be Coming for Your Bank Account

We explain the benefits and the risks.
Behind Wall Street’s Abrupt Flip on Crypto Behind Wall Street’s Abrupt Flip on Crypto

The reversal risks declawing a century of consumer financial protections and replacing the backbone ..
What to know about the report. What to know about the report.

The Consumer Price Index is expected to reflect an uptick in inflation as companies increase prices ..
China es un país con cultura del ahorro. Pero ahora muchos viven con deudas China es un país con cultura del ahorro. Pero ahora muchos viven con deudas

Muchos prestatarios, sobre todo los jóvenes, están atrapados en ciclos de endeudamiento, debido a..
Chinese People Are Known to Be Big Savers. Many Are Drowning in Debt. Chinese People Are Known to Be Big Savers. Many Are Drowning in Debt.

As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers,..
Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the..
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages,..
NYPD Officer and 2 Others Are Shot at Blackstone Tower in Midtown Manhattan NYPD Officer and 2 Others Are Shot at Blackstone Tower in Midtown Manhattan

The gunman was dead, the police said, and the building that houses the finance firm Blackstone was..
What Did Trump’s Hard-Hat Tour of the Fed Accomplish? What Did Trump’s Hard-Hat Tour of the Fed Accomplish?

The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to..
$17 Million Is Lost in A.T.M. Scam That Spread on TikTok, Officials Say $17 Million Is Lost in A.T.M. Scam That Spread on TikTok, Officials Say

Payment cards for a New York City youth jobs program were used to withdraw millions of dollars over ..
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