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White House says increased productivity means Fed can cut rates
White House economic adviser Kevin Hassett says AI-driven productivity gains may ease inflation and allow the Federal Reserve to lower interest rates.
US job growth rises in January as unemployment falls to 4.3 percent
U.S. job growth accelerated in January with nonfarm payrolls increasing by 130,000 and unemployment rate dropping to 4.3%, indicating labor market stability.
Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
WASHINGTON (AP) — President Donald Trump said Tuesday that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Asked on CNBC’s “Squawk Box” for a future replacement to Powell, Trump named Kevin […]
