Scott Horsley
Stories
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Senate committee will hold confirmation hearing for Trump's latest Fed pick Thursday
A Senate committee will hold a confirmation hearing for President Trump's latest pick to serve on the Federal Reserve board. It comes as Trump tries to put his own stamp on the central bank.
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How three businesses are coping with tariff limbo
Federal courts have ruled most of President Trump's tariffs illegal. But the import taxes are still being collected, leaving importers in a kind of limbo, unable to make long-term plans, as they await a final decision from the U.S. Supreme Court.
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Most of President Trump's tariffs are illegal, U.S. court rules
The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., delayed enforcing its decision, which is expected to be appealed to the Supreme Court.
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Fed governor Lisa Cook sues Trump over firing
Lisa Cook is challenging the president's attempt to remove her from office based on what she says is "an unsubstantiated allegation" of mortgage fraud prior to her Senate confirmation as governor.
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The latest in Trump's faceoff with the Federal Reserve
President Trump is escalating his attack on the Federal Reserve. Trump is attempting to fire a member of the Fed's governing board -- a move that critics say is unlawful.
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What are the risks to the labor market after Powell's speech amid inflation concerns?
Federal Reserve Chairman Jerome Powell received a standing ovation in Jackson Hole, Wyoming, on Friday. Powell said the central bank could soon resume cutting interest rates.
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With Fed under pressure, Jerome Powell prepares for a high-stakes speech
The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.
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Trump calls for resignation of Fed governor in latest line of attack
President Trump is calling for the resignation of Federal Reserve governor Lisa Cook after a Trump ally accused her of making false statements on mortgage applications.
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Electricity prices are climbing more than twice as fast as inflation
Electricity prices are rising more than twice as fast as overall inflation. That's especially costly during the dog days of summer when air conditioners are working hardest. In addition to hot weather, a variety of factors are causing power bills to climb, including the high cost of natural gas used to generate electricity and soaring demand from data centers.
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Inflation remains elevated as Trump's tariffs take hold
Inflation remained elevated last month as President Trump's tariffs continued to make their way into the prices that consumers pay. The average cost of living in July was up 2.7%.
