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Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
The move comes after the order sparked widespread criticism and confusion. A federal district judge had temporarily paused the freeze.
The White House Office of Management and Budget (OMB) issued new guidance Wednesday clarifying limits to the disbursement of Inflation Reduction Act (IRA) funds ordered by President Trump on
Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.
The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.
The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates.After three months of reductions, the Fed decided to keep the key interest rate target
The U.S. economy has successfully achieved a soft landing, with inflation returning to more normal levels while the labor market grows steadily, said Lael Brainard, the director of the White House National Economic Council,
An expected decline in interest rates could be stalled if the prospective tariffs of Donald Trump's second White House administration bleed into markets and shore up inflation, UBS CEO Sergio Ermotti warned Tuesday.
Recipients of the $7 billion Solar For All program were locked out of an online portal that’s used to distribute federal funding.