Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.
Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.
An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.
The Trump-fueled stock market rally could see a correction sometime in the next six months, according to one strategist who spoke with BI.
The executive order demanded an immediate pause to some IRA-related federal funding. Funding for which projects? It wasn't clear.
The White House Office of Management and Budget (OMB) issued new guidance Wednesday clarifying limits to the disbursement of Inflation Reduction Act (IRA) funds ordered by President Trump Monday.
Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and trade policies, a scenario that will likely keep threatening the bond market this year.
The U.S. economy has successfully achieved a soft landing, with inflation returning to more normal levels while the labor market grows steadily, said Lael Brainard, the director of the White House National Economic Council,
Follow live updates as President Donald Trump is in Miami ahead of a Republican policy conference and Cabinet nominees like Scott Bessent prepare for confirmaiton votes.