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Kugler said she is carefully watching how the Trump administration's trade, immigration, fiscal policy and regulatory changes impact inflation and the labor market, but the "significantly larger" than expected tariffs clearly had her attention. "I am also monitoring any risks to the outlook, especially upside risks on inflation or downside risks to employment," Kugler said in remarks prepared for delivery to the Heller-Hurwicz Economics Institute at the University of Minnesota. Fed policy is "well positioned" to respond to changes in the economy, she said.

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. “I have no intention of firing him,” Trump told reporters. The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates.

Bank of America analysts reported Tuesday that while investors may see positive results from the auto industry this quarter, the future remains uncertain because of tariff policies. As a result, companies could suspend or pull guidance.

(Bloomberg) -- Not since the financial crisis has Corporate America been so downbeat about the state of the economy in earnings calls, an ominous sign for investors trying to figure out how much more pain Donald Trump’s trade war will inflict on the stock market.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyThe ratio of positive to negative commen

(Bloomberg) -- Oil rose as the potential for the US to curtail Iranian flows added to a rebound driven by broader markets.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyWest Texas Intermediate advanced about 2% to settle near $64 a barrel, recouping most of the previous day’s losses, which were driven by President Donald Trump’s public rebuke of th

Kashkari's view is widely held by his colleagues and is likely to leave the Fed on hold at its rate-setting meeting in two weeks. "It's too soon to judge what's going to happen to the path of interest rates," Kashkari told the U.S. Chamber of Commerce Global Summit in Washington. While it is "logical" that tariffs alone would not reaccelerate inflation, recent high inflation means the Fed cannot ignore this risk, he said, noting that tariffs will likely also slow growth.

A top economist lays out the economic fallout from Trump's tariff war.