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Home > Latest

Powell: The Federal Reserve and Congress do not interfere with each other in the policy field

date
09/05/2025
Powell's remarks about Congress drew a round of laughter. He said, "I believe that they do not need me or our advice in determining fiscal policy, just as they do not need to offer us advice on monetary policy."
Latest
2 m ago
Detroit's automakers took aim at the trade agreement reached between Trump and the UK on Thursday, arguing that the agreement should take priority over the deals with Canada and Mexico. "Under this agreement, importing a British car with almost no American parts will be cheaper than importing a car from Mexico or Canada with half of its parts coming from the US and meeting the USMCA standards," said Matt Blunt, chairman of the American Automotive Policy Council. The council represents Ford, GM, and the parent company of Jeep, Stellantis. "This harms the interests of American automakers, suppliers, and auto workers." The US-UK agreement reduces the tariff on the first 100,000 British-made cars imported to the US from 25% to 10%, a move welcomed by the British automotive industry including manufacturers like Jaguar Land Rover and Aston Martin. "We hope that this preferential treatment for British cars compared to North American cars does not set a precedent for future negotiations with Asian and European competitors," Blunt said.
2 m ago
American car manufacturers are unhappy with the trade agreement with the UK.
6 m ago
British officials: If no agreement is reached, our car manufacturers and steel companies will face layoffs and closures.
7 m ago
DKNG Company's first quarter revenue was $1.41 billion, lower than expected.
7 m ago
TKO Group Holdings (TKO.US): The Q1 2025 financial report achieves revenue of 12.688 billion US dollars, up from 6.297 billion US dollars in the previous period and surpassing the expected value of 10.7 billion US dollars. Earnings per share are 0.69 US dollars, compared to -1.26 US dollars in the previous period and exceeding the expected value of 0.55 US dollars.
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