Author: Sara William

Washington, D.C. – In a decisive step to restore accuracy and transparency to America’s economic reporting, President Donald Trump has nominated E.J. Antoni, a sharp-eyed economist from the Heritage Foundation, to helm the Bureau of Labor Statistics (BLS). This follows Trump’s prompt removal of the previous commissioner, Erika McEntarfer, after a July jobs report riddled with downward revisions that critics argue inflated perceptions of weakness in an otherwise resilient economy. Antoni, a staunch advocate for data integrity and a vocal supporter of Trump’s pro-growth policies, is set to inject much-needed reform into an agency plagued by methodological flaws and declining…

In an unfolding drama at the intersection of politics and economics, former President Donald Trump is poised to gain new influence over U.S. monetary policy. The early resignation of Fed Governor Adriana Kugler, a Biden appointee, has opened a vacancy on the Federal Reserve’s Board of Governors—just as markets are betting on a looming interest rate cut following weak labor data. If reelected, Trump would have the opportunity to fill that seat—and later, Fed Chair Jerome Powell’s position in 2026—giving him a powerful lever to shape monetary policy, especially amid rising demand for rate relief. Adriana Kugler resigned effective August 8,…

WASHINGTON, D.C. — In a move with deep implications for U.S. monetary policy and global financial markets, President Donald J. Trump announced on Tuesday that he has officially ruled out Treasury Secretary Scott Bessent as a contender for the next Federal Reserve chair, narrowing the shortlist to four candidates. Among the top names are Trump economic adviser Kevin Hassett, former Fed Governor Kevin Warsh, and two other unnamed individuals—one widely believed to be current Fed Governor Christopher Waller. The decision coincides with the early resignation of Fed Governor Adriana Kugler, a Biden appointee, which Trump called a “pleasant surprise.” Kugler’s…

Forget identity politics—what we’re witnessing is a full-scale ideological insurgency. The rise of Zohran Mamdani in New York City and Omar Fateh in Minneapolis isn’t a tale of diversity breaking barriers—it’s an alarm bell signaling a growing socialist push challenging the very foundations of the U.S. Constitution. Zohran Mamdani, a self-professed democratic socialist, pulled off a political upset in June by defeating former Governor Andrew Cuomo to clinch the Democratic mayoral nomination in New York City. Despite scant executive experience, Mamdani’s grassroots machinery—backed by NYC-DSA volunteers knocking on over 1.6 million doors—delivered him a primary victory commanding 43.5% of first-choice…

The latest jobs data suggests pockets of weakness in the labor market are starting to take hold. Revisions showed employers added a combined 258,000 fewer jobs in May and June than estimated.

WASHINGTON – The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s comments after the decision undercut confidence that borrowing costs would begin to fall in September, possibly stoking the ire of President Donald Trump who has demanded immediate and steep rate relief. Powell said the Fed is focused on controlling inflation – not on government borrowing or home mortgage costs that Trump wants lowered – and added that the risk of rising price pressures from the administration’s trade and other policies remains too high for the central bank to begin loosening its “modestly restrictive” grip…

WASHINGTON, D.C. — The Federal Reserve held interest rates steady Wednesday for the fifth consecutive meeting, but signs of growing division within the central bank emerged as two officials dissented in favor of a rate cut, underscoring increasing uncertainty over the path forward amid rising geopolitical tensions and trade policy concerns. The Federal Open Market Committee (FOMC) maintained its benchmark federal funds rate at a range of 5.25% to 5.50%, the highest level in over two decades. But for the first time in over a year, the vote was not unanimous: Dallas Fed President Lori Logan and Chicago Fed President Austan…

WASHINGTON, D.C. — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is our friend,” Trump said on his Truth Social platform, but its tariffs on U.S. products “are far too high.” The Republican president added India buys military equipment and oil from Russia, enabling Moscow’s war in Ukraine. As a result, he intends to charge an additional “penalty” starting on Friday as part of the launch of his administration’s revised tariffs on multiple countries. Trump told reporters on Wednesday the two…

A new economic study released this month by the National Bureau of Economic Research (NBER) has found that California’s landmark $20-an-hour minimum wage law for fast food workers has resulted in the loss of approximately 18,000 jobs in the state’s fast-food sector—representing a 3.2% decline compared to similar employment trends nationwide. The research, conducted by economists Jeffrey Clemens, Olivia Edwards, and Jonathan Meer, examined employment data before and after the implementation of Assembly Bill 1228 (AB 1228), which was signed into law by Governor Gavin Newsom in April 2024 and took effect on April 1, 2024. Prior to the law, California’s minimum wage for fast food workers stood at $16 per hour.…

Democrats Receive Lowest Rating in 35 Years Democrats Receive Lowest Rating in 35 Years The Democratic Party’s Brand Is Cooked 25% 20 15 10 0 -5 -10 -15 -20 1990 2000 ’10 ’20 -30 Republican Democratic In a striking shift heading into the 2026 midterms, a new Wall Street Journal poll finds that the Democratic Party’s standing among voters has plunged to its lowest level in more than three decades, with Republicans gaining the edge on nearly all key policy issues, including the economy, border security, and education. The poll, conducted this month among 1,500 registered voters, shows only 36%…