Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys

Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys

Mr. Trump has also begun mulling more tax cuts to lift the United States economy, though on Wednesday he insisted that it did not need one right now. And the Fed has room to cut rates, should a recession hit. The challenge is primarily one of intense policy uncertainty. Europe, …

Economic Antidote for a Shrinking America: Immigrants

Economic Antidote for a Shrinking America: Immigrants

MIAMI — After finishing a particularly satisfying dinner at a Coral Gables restaurant with his wife, Pedro Martinez quietly slipped around to the back alley where the kitchen is. “Whatever you’re making, I’ll give you a raise,” Mr. Martinez whispered when the back door swung open. An executive at 50 …

Economic Anxiety Among Voters Is a Sign of Vulnerability for Trump

Economic Anxiety Among Voters Is a Sign of Vulnerability for Trump

Americans’ confidence in the economy is fragile, with a majority of voters expressing concern — a potential vulnerability for President Trump if the current economic slowdown worsens before next year’s election. The stock market tumbled last week after bond prices flashed a signal that has historically been a predictor of …

Job Gains Were Weaker Than Reported, by Half a Million

Job Gains Were Weaker Than Reported, by Half a Million

Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday. The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers …

Fed Was Divided About Interest Rate Cut

Fed Was Divided About Interest Rate Cut

WASHINGTON — Federal Reserve officials were sharply divided when they voted to cut interest rates for the first time in a decade in late July, newly released minutes from their meeting show. Officials lowered borrowing costs by a quarter of a percentage point at the meeting, citing slowing global growth, …

How to Turn an iPhone Into a Work-Only Tool

How to Turn an iPhone Into a Work-Only Tool

How do New York Times journalists use technology in their jobs and in their personal lives? Conor Dougherty, who covers economics from San Francisco, discussed the tech he’s using. What tech tools do you rely on most to do your reporting? This isn’t very remarkable or unexpected, but I spend …

The Trump Administration Is Worrying About the Economy. A Look at the Data Shows Why.

The Trump Administration Is Worrying About the Economy. A Look at the Data Shows Why.

President Trump and his advisers are considering options to stimulate the American economy as indicators that the administration previously used to boast of an economic “boom” have fizzled on the back of Mr. Trump’s escalating trade fights. Companies that Mr. Trump has pointed to as signs of economic strength are …

Banks Want Efficiency. Critics Warn of Backsliding.

Banks Want Efficiency. Critics Warn of Backsliding.

WASHINGTON — A decade after big banks needed government support to dig out of the financial crisis, the Federal Reserve is slowly, but steadily, making a series of regulatory changes that could chip away at new requirements put in place to prevent a repeat of the 2008 meltdown. Some of …

U.S. Companies Working With Huawei Get More Time to Stop

U.S. Companies Working With Huawei Get More Time to Stop

WASHINGTON — The United States will allow American companies to continue doing business with Huawei, the Chinese telecommunications giant, for an additional 90 days, Commerce Secretary Wilbur Ross said Monday. The government’s reprieve is intended to give rural telecommunications companies in the United States more time to wean themselves off …