The Fed doesn’t just set interest rates. It needs to be able regulate banks independently too, to make sure the financial system keeps running in good and bad economic times.
The percentage of Americans out of work for 27 weeks or longer hit 26% in December. It's more evidence of a low-hire, low-fire economy — and that AI is starting to replace certain jobs.
Alexandra Petri at The Atlantic spent five months attempting to do federal work targeted for cuts — including forecasting the weather and collecting price data.
A new working paper finds that the actual average tariff rate is about half of what the Trump administration has announced — with big implications for U.S. businesses and consumers.