Federal Economy

President Trump fired Bureau of Labor Statistics Commissioner Erica McEntarfer after revised data showed a sharp slowdown in hiring. Trump dismissed the jobs data as rigged.

Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer after the agency reported weakening job numbers, an unprecedented attack on statistical independence. The BLS produces nonpartisan economic data used by markets, businesses, and policymakers worldwide.

President Trump demanded that the Federal Reserve Board of Governors seize control from Chair Jerome Powell, escalating his campaign to politicize the independent central bank.

Trump publicly demanded the Federal Reserve Board strip Chair Jerome Powell of authority, escalating his campaign to politicize central bank independence. Trump argued Powell was 'always too late and too wrong' on interest rate decisions.

Trump demanded Federal Reserve Governor Lisa Cook resign over allegations related to mortgage applications, part of a broader effort to reshape the Fed board with loyalists. Cook refused, citing the independence of the central bank.

President Trump demanded that Federal Reserve Governor Lisa Cook resign, escalating his campaign to control the independent central bank.

A federal appeals court ruled that President Trump had no authority to impose tariffs under the International Emergency Economic Powers Act.

A federal appeals court ruled that Trump lacked authority to impose sweeping tariffs under the International Emergency Economic Powers Act (IEEPA), finding that the trade deficit did not constitute a national emergency. The ruling threatened hundreds of billions in tariffs.

The Supreme Court ruled 6-3 that Trump's IEEPA-based tariffs exceeded presidential authority, invalidating duties on imports from China, the EU, and other trading partners. The decision was a major rebuke of executive overreach on trade policy.

The Supreme Court ruled 6-3 that the IEEPA does not grant the President authority to impose tariffs. The government had collected an estimated 166 billion in IEEPA tariffs that was required to be refunded.

The US economy lost 92,000 jobs in February 2026, marking a significant deterioration in the labor market amid ongoing tariff uncertainty and policy instability.

Gas prices reached 4 dollars per gallon nationwide, driven by tariff-related supply disruptions and geopolitical instability.

Average gas prices reached $4 per gallon nationwide, driven by geopolitical tensions, OPEC production cuts, and tariff-induced supply chain disruptions. The price spike compounded inflation pressures on American households.

The Senate confirmed Kevin Warsh as the new Federal Reserve Chair, replacing Jerome Powell after Trump's sustained campaign to oust him. Warsh, a former investment banker, was seen as more aligned with Trump's desire for lower interest rates.

Kevin Warsh was confirmed as Federal Reserve Chair, replacing Jerome Powell after Trump campaign to politicize the central bank.