The most anticipated meeting in a long while of the Federal Reserve Open Market Committee ended uneventfully, with the rate-setting body voting almost unanimously for the small, 0.25% rate cut that the market widely anticipated. Only President Trump’s most recent appointee, Stephen Miran, dissented, arguing for a 0.5% reduction instead. That brought the Fed’s […]

A recent poll underscored a variety of similar polls and data reflecting the economic pessimism that a majority of Americans have felt for at least several years. The realities present a tough challenge for President Donald Trump that will not be addressed by the president’s tendency to simply proclaim America’s greatness. The latest poll shows […]

Steve Rattner joined On with Kara Swisher to discuss the current economic moment, from the booming stock market to Trump’s chaotic economic policies.

 Notwithstanding the turmoil of Donald Trump’s second term – the tariffs, the vacillation, the budget busting Big Beautiful Bill — the stock market continues to move higher, recently notching a series of record highs. What gives? Since election day, the Standard & Poor’s 500 index has been marching upward, a total gain of 8.4%. […]

 In an extraordinary act of sheer political muscle, Donald Trump and the Republican leadership in Congress succeeded on pushing through one of the most transformational pieces of legislation in many years, which would substantially tilt the playing field in favor of the wealthy and leave many of those closer to the bottom worse off. […]