Author: Leslie Stewart

Cleveland Fed President Beth Hammack said Wednesday that the central bank is considering threats to both inflation and employment and should keep interest rates on hold as the situation evolves.In a live interview on CNBC, Hammack advocated a patient approach to monetary policy as Fed officials look to future data for clues about where the U.S. economy is heading.”My baseline is that we’re going to keep rates on hold for a while, but I think there are risks on both sides of interest rates,” Hammack said during the Squawk Box debate. “Depending on how the data emerges, I think there…

U.S. President Donald Trump speaks to the media before boarding Air Force One bound for Virginia at Joint Base Andrews, Maryland, U.S., April 10, 2026.Evelyn HochsteinReuterPresident Donald Trump on Wednesday again threatened to fire Federal Reserve Chairman Jerome Powell, saying an investigation into the renovation of the central bank’s headquarters must continue.If Powell remains on the Fed’s board after a replacement is chosen, Trump has said he intends to remove him from office.”If that happens, we’ll have no choice but to fire him,” the president said in an interview with Fox Business. “If he didn’t come home on time, I…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingDianna Russini resigns after photo shoot with Patriots head coach02:23to the nextZac Brown Band performs ‘Sunday Night Baseball’ theme song for the first time00:44A look back at 10 years of Willie Geist’s Sunday Meetings10:48Justice Department launches investigation into NFL subscription fees02:55Lindsey Vonn talks Olympic failure, her legacy, future plans and more05:47Exclusive: Lindsey Vonn opens the door to ‘One More Run’05:43Lamar Odom talks about addiction with new doctor: ‘I’m blessed’09:26Authorities release body camera footage of Tiger Woods’ drunk driving arrest02:38Travis and Jason Kelsey unveil Dream…

SPLIT, CROATIA – MARCH 29: The American aircraft carrier USS Gerald Ford arrives in Split as part of a planned visit and technical maintenance after months of missions and war operations in the Middle East, on March 29, 2026 in Split, Croatia. Anadolu | Anadolu | Getty ImagesThe U.S. blockade of Iranian ports is now in full effect, “completely” cutting off Iran’s international maritime trade, which supports about 90% of Iran’s economy, U.S. Central Command announced late Tuesday.The announcement comes at a time when the White House is hinting at a diplomatic solution to the Middle East conflict, with ongoing…

An Oklahoma high school principal “saved the lives of children” when he tackled a gunman and was shot in the leg last week, the local police chief said.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.In a statement, Pauls Valley High School Principal Kirk Moore expressed gratitude for the “outpouring of love and support” following the incident last Tuesday at the school, about 90 miles south of Oklahoma City.Investigators said in an arrest affidavit that Victor Lee Hawkins, 20, armed with two semi-automatic handguns, entered the school lobby that afternoon, ordered everyone to…

The impact of artificial intelligence on the labor market is making workers and job seekers alike anxious about their future. But executives are optimistic that technology can continue to augment human employees’ workloads, rather than completely replacing them.The debate over the future of work has also spread inside major AI providers.Anthropic co-founder Jack Clark, speaking at the global economic conference Semaphore in Washington, D.C., on Monday dismissed claims by Anthropic CEO Dario Amodei that AI could increase unemployment by up to 20% over the next five years. Mr Clark has previously said accepting such high unemployment rates is almost a…

Producer prices rose in March, but were much lower than expected as rising energy prices brought on by the Iran war reignited concerns that inflation would flare up again.The Producer Price Index, a measure of pipeline costs for final demand goods and services, rose a seasonally adjusted 0.5% for the month, well below the Dow Jones consensus estimate of 1.1%, according to a Bureau of Labor Statistics report on Tuesday.Core PPI, which excludes food and energy, rose only 0.1%, compared to the expected 0.5% rise. The services side of inflation, a key focus for Federal Reserve policymakers, was flat during…

IE11 is not supported. For the best experience, please visit our site in a different browser.to the nextHow credit card surcharges affect your wallet03:07Husband of missing woman in Bahamas released from custody02:35Dallas Wings select Azi Fad as No. 1 pick in 2026 WNBA Draft00:44OpenAI CEO Sam Altman’s home targeted by firebomb02:19Two MPs resign in one day amid sex scandal02:42President Trump faces bipartisan backlash over feud with Pope Leo02:26US begins blockade of the Strait of Hormuz amid new negotiations02:11Tornadoes occur in the Midwest as spring weather warms02:13Meet the man on a mission to clean up South Florida’s coastline04:21How to prepare for…

Two people were killed in recent U.S. military attacks on boats believed to be involved in drug smuggling in the Eastern Pacific, U.S. Southern Command said Monday.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.The attack was led by Gen. Fansis Donovan, and Southern Command said it destroyed a vessel operated by a U.S.-designated terrorist group involved in bringing illegal drugs into the United States. A more precise location of the attack was not provided. The command said in a statement that the deceased was only characterized as a male “narco-terrorist.”A black-and-white video…

On March 21, 2026, the petroleum product tanker META 4 was struck by lightning at Sultan Qaboos Port in Muscat, Oman when it was entering Muscat Anchorage. Elke Scoliers | Getty ImagesPresident Donald Trump on Sunday ordered a naval blockade of the Strait of Hormuz, dimming hopes for a quick end to the Middle East conflict and escalating a standoff with Iran that has already triggered one of the worst energy shocks in history. U.S. Central Command said in a statement that the blockade will go into effect at 10 a.m. ET on Monday, targeting ships from all countries entering…