Breaking news
- Bessent says Trump's pick for the next Fed chair could happen next week - The president has whittled down the field to four candidates, Bessent told CNBC during an interview at the World Economic Forum in Switzerland.
- Education Department to delay collections on defaulted student loans - The Education Department has announced it will delay the implementation of wage garnishment and other collections efforts for defaulted student loans.
- Warsh sprints ahead in Fed chair race following Trump comments on Hassett, prediction markets show - EconomyWarsh sprints ahead in Fed chair race following Trump comments on Hassett, prediction markets showPublished Fri, Jan 16 202610:35 AM ESTUpdated Moments A
- Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away - "Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.
- Wholesale inflation was softer than expected, retail sales moved higher in November - Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.
- A major development in Trump's Fed feud is set to happen next week in the Supreme Court - Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
- December core consumer prices rose at a 2.6% annual rate, less than expected - EconomyDecember core consumer prices rose at a 2.6% annual rate, less than expectedPublished Tue, Jan 13 20268:31 AM ESTUpdated 3 Min AgoJeff Cox@jeff.cox.7528@
- Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned - Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.
- Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe - Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.
- Trump revealed some of Friday's jobs data early in post the prior day - The president indicated that private sector payrolls had expanded by 654,000, a total that would have included Friday's jobs count for December.