Articles on US interest rates

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President Donald Trump has said he believes the U.S. economy has entered a ‘golden age’ on his watch. AP Photo/Mark Schiefelbein

Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market

The push to slash rates, despite what Trump considers a ‘hot’ economy, underscores why it’s important the Fed relies on data – and not the wishes of politicians – when making decisions about monetary policy.
A wildfire during hot, dry conditions in August 2023 destroyed Lahaina, Hawaii, and devastated Maui’s tourism industry – the heart of its economy. (Robert Gauthier/Los Angeles Times via Getty Images

Why the Fed should treat climate change’s $150B economic toll like other national crises it’s helped fight

Fed Chair Jerome Powell bristles at talk of managing climate change, but the damage it is doing the US economy is hard to ignore, as the latest National Climate Assessment shows.
China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency. peng song/Moment Collection/Getty Images

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency – and be a serious contender against the US dollar

Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.

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