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The Fed and the US economy

Ongoing coverage of Fed rate decisions, what Fed officials say, the fight over Fed independence, and US jobs, inflation and Treasury yield data, updated daily.

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What they said

What the key figures said on the record, as reported.

  • Donald Trump
    Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise

    Donald Trump returned to the White House promising to put US finances in order by shrinking the federal government, ending costly “forever wars” and driving economic growth to curb widening deficits. Instead, national debt has surpassed $40 trillion as borrowing costs climb.

    RReuters 2026-09-02 10:31

  • Donald Trump
    Trump: US Secures Some Venezuelan Oil Reserves, Warsh Speaks, More

    Bloomberg News Now covers Trump’s statement that the US has secured some Venezuelan oil reserves, along with remarks by Warsh and other top stories. The report is updated throughout the day and focuses on global business news.

    BBloomberg News 2026-08-29 03:30

  • Scott Bessent
    Why Bessent Wants a Bigger Fed Backstop to Support the Yen

    The yen’s weakness has prompted one of the most dramatic currency-market interventions in decades. Japan and the United States began a joint effort in late July to bolster the currency. US Treasury Secretary Scott Bessent then surprised financial markets by calling for the Federal Reserve to enlarge an obscure lending program. He said the expanded support would aid Tokyo’s efforts to defend the yen.

    BBloomberg News 2026-08-06 03:00

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