Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
In the 6 p.m. hour, Mr. Trump signed more orders before a packed Capital One Arena, in Washington, D.C. Among them, a requirement that federal workers return to full-time work in person immediately, a freeze on all federal hiring, except by the military and some other excluded categories.
Stocks advanced, Treasury yields fell and crypto was volatile on Tuesday as market participants reacted to the slew of executive orders issued on the first day of Donald Trump’s second term as president.
President Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
President Trump reverses Biden's order to cap out-of-pocket costs for prescription drugs, potentially increasing costs for Medicare and Medicaid recipients.