News
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Trump says he will announce candidate for open Fed position in next couple days
Aug 3 (Reuters) - U.S. President Donald Trump said on Sunday he will announce a candidate to fill an open position at the Federal Reserve in the next couple of days.The Fed said on Friday that Governor Adriana Kugler was resigning early from her term, leaving an opening for Trump, a sharp critic of ...Reuters
Mon, Aug 4
Switzerland could revise offer on Trump tariffs, business minister says
By John Revill ZURICH, Aug 3 (Reuters) - The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Swit...Reuters
Sun, Aug 3
WRAPUP 1-Trump fires US labor official over data and gets earlier than expected chance to reshape Fed
Trump claims in social media post that jobs numbers were riggedNo evidence to back Trump's claimsFed Governor Kugler resigns, giving Trump an early chance for an appointmentEconomists already have growing concerns about US data qualityBy Lucia Mutikani, Nandita Bose and Michael S. Derby WASHI...Reuters
Fri, Aug 1
Trump fires BLS commissioner, raising concerns about economic data quality
Trump claims in social media post that jobs numbers were riggedNo evidence to back Trump's claimsEconomists, labor unions criticize firing as data manipulation attemptEconomists blame Trump's policies for slower job growthBy Jasper Ward and Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S...Reuters
Fri, Aug 1
Kugler resigning from Fed, opening door to Trump appointment
Fed's Kugler announces early exit from central bankKugler move opens up governor slot for Trump to fillOpen governor slot will impact succession process for Fed chairBy Michael S. Derby Aug 1 (Reuters) - The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from h...Reuters
Fri, Aug 1
WRAPUP 6-Markets dive after Trump hits more countries with steep tariffs
Markets down after new wave of tariffsSwitzerland stunned, seeks new talksBrazil, Canada, India, among countries hit by steep tariffsTrump administration teases additional trade dealsBy John Revill and Trevor Hunnicutt ZURICH/WASHINGTON, Aug 1 (Reuters) - U.S. President Donald Trump's latest ...Reuters
Fri, Aug 1
Trump, without evidence, claims jobs numbers were rigged
Aug 1 (Reuters) - U.S. President Donald Trump on Friday asserted, without evidence, that numbers contained in the July jobs report from the Bureau of Labor Statistics were rigged."In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad," Trump said ...Reuters
Fri, Aug 1
WRAPUP 5-US labor market cracks widen as job growth hits stall speed
Nonfarm payrolls increase 73,000 in JulyMay, June payrolls revised down by 258,000Unemployment rate rises to 4.2% from 4.1% in JuneBy Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was ...Reuters
Fri, Aug 1
Fed Governor Kugler says resigning from Fed effective Aug 8
By Michael S. DerbyAug 1 (Reuters) - Federal Reserve Governor Adriana Kugler said on Friday she was resigning from the Federal Reserve effective Aug. 8, the central bank said in a statement.Kugler's term as a governor ends next January. A Fed press release said Kugler will return to Georgetown U...Reuters
Fri, Aug 1
TREASURIES-US yields dive as job growth slows, Fed rate cut in September seen likely
US two-year yields drop to lowest in five weeksFed seen as likely to cut rates in September, futures show 81% chanceManufacturing PMI contracts for fifth month, factory employment hits five-year lowFed officials downplay slowdown in jobs growthBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 1 (Reuters)...Reuters
Fri, Aug 1
CORRECTED-Trump tariffs spark 'deep concern' among Brazil chemical firms
By Ana Mano SAO PAULO, Aug 1 (Reuters) - An association representing chemical companies in Brazil, where large U.S. firms like ExxonMobil XOM.N and Dow Chemical DOW.N operate, expressed "deep concern" regarding a U.S. executive order raising tariffs on Brazilian exports to 50%.The Brazili...Reuters
Fri, Aug 1
