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The Latest Breaking News from Skanda Amarnath

‘This is not normal’: Former Fed economist sounds alarm on Kevin Warsh after one-sided confirmation

Claudia Sahm worked with Warsh when they were at the Fed but doesn’t know him personally. She told Fortune that his disrespect for Democrats was striking.

Fortune

Jerome Powell defies Trump one last time, holding rates steady: ‘The facts have moved decisively in the hawkish direction,’ top economist says

Four dissents signal that incoming Fed Chair Kevin Warsh inherits a committee far more hawkish than the White House wants.

Fortune

U.S. hiring rate just hit its lowest rate since 2020, but Donald Trump’s too busy burning billions

The United States hiring rate just tumbled to 3.1% in February, marking its lowest point since April 2020, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report from the Bureau of Labor Statistics. This is a pretty big deal because that 2020 low was when the economy…

The Mary Sue

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Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says

The war with Iran could make companies start firing, Navy Federal Credit Union’s Heather Long said.

Fortune

Trump's tariffs were supposed to help manufacturers. But instead, they're hurting

There’s a growing body of data showing that the tariffs President Donald Trump said would help American factories are, in fact, squashing many of them

The Independent UK

Trump hails ‘booming investment’ in Detroit while auto manufacturing jobs have fallen every month since Liberation Day

The industrial heartland faces a grim arithmetic: Billions in new investment are pouring in, but the workers are being left behind.

Fortune

US adds 22,000 jobs in August as labour market begins to stall

Private-sector payroll growth halves in August as layoffs surge, marking highest job cuts since 2020.

Al Jazeera

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Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices

The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency

The Independent UK

Will Joe Biden’s gamble on big oil pay off in leveling gas prices?

After begging the industry to increase supply, the White House used its reserve to strategically set fuel prices

People

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