A federal judge ordered the Trump administration to temporarily halt mass layoffs at the Consumer Financial Protections Bureau after an appeals court had previously narrowed an earlier injunction.

A federal judge who blocked Donald Trump's administration from dismantling the Consumer Financial Protection Bureau has ruled that the agency can’t go forward immediately with plans to fire hundreds of employees.

A federal judge who blocked President Donald Trump's administration from dismantling the Consumer Financial Protection Bureau ruled Friday that the bureau can’t go forward immediately with plans to mass fire hundreds of employees.

The head of the Federal Reserve says don't expect any interest rate cuts anytime soon. The central bank says the numbers show President Trump's tariffs will lead to higher inflation, higher unemployment and slower economic growth.

Concern over the economic fallout from US President Donald Trump's global tariffs mounted Wednesday, with Fed Chair Jerome Powell's warning of higher inflation sending stock markets tumbling.

The administration is implementing major shifts in economic policy, and trade is now at the center of it,” Powell said. “These changes are likely to push us further away from our goals.” He explained that the tariffs announced by Trump turned out to be significantly higher than expected — and the economic fallout will likely be just as steep,