Divided Congress threatens Fed independence more than Trump

An analysis argues that political gridlock in Congress presents a larger risk to the Federal Reserve's independence than actions by President Donald Trump. While Trump has voiced criticisms of Fed Chair Jerome Powell, he has not attempted to remove him or directly interfere with monetary policy. The real danger lies in congressional battles over fiscal policy that could pressure the central bank.

US August Jobs Report Shows Slowdown

September 12, 2025 Reported by AI

The US Bureau of Labor Statistics released the August 2025 jobs report on September 5, revealing that employers added only 22,000 jobs, below expectations, while the unemployment rate rose to 4.3%. This data signaled a stalling labor market, boosting expectations for Federal Reserve interest rate cuts. Markets reacted with stocks slipping after initial highs and Treasury yields hitting five-month lows.

Powerball Jackpot Split by Winners

Missouri and Texas players split a near-$1.8 billion Powerball jackpot. The event occurred on September 7, 2025, marking a significant lottery win.

US August CPI Rises 2.9 Percent

September 12, 2025 Reported by AI

The US Consumer Price Index for August 2025 increased by 2.9% year-over-year, as reported on September 11, exceeding forecasts of 2.7% and indicating persistent inflation. This data bolstered expectations for Federal Reserve rate adjustments while easing some economic concerns.