Josh Boak, The Associated Press

Fed chief struggles to manage a wild card: Trump trade wars

After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve. The Fed is supposed to set interest rates based on gauges of inflation and employment. But President Donald Trump has injected a […]

August 2, 2019 January 9, 2021
09:17

Lower pay for poor is widening US income gap: report

The income gap in major U.S. cities goes beyond the trend of rising paychecks for those at the top: Pay has plummeted for those at the bottom. Many of the poorest households still earn just a fraction of what they made before the Great Recession began in late 2007. Even as the recovery gained momentum in […]

January 18, 2016 September 13, 2019
09:12