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The author of the tax legislation noted that the sell-off began after the jobs report showed wages rising at the fastest clip of the recovery, raising expectations of faster interest rate increases from the Federal Reserve. (AP Photo/J. Scott Applewhite File)
Economy

Kevin Brady: Stock plunge reinforces benefits of tax bill

Joseph Lawler -
0
The U.S. stock-market selloff that began Friday with drops of 666 points on the Dow Jones Industrial Average didn't let up Monday. (AP Photo/Richard Drew)
Business

Here’s why the Dow is dropping

James Langford -
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Incoming Federal Reserve Chairman Jerome Powell (pictured left) not only has President Trump's endorsement, but also the support of most Republican senators. That support could help him through difficult economic scenarios in the years ahead. Otherwise, though, he's mostly expected to carry out policy as Janet Yellen, his predecessor, would have. (AP Photo/Carolyn Kaster)
Economy

What to expect from the Jerome Powell era at the Federal Reserve

Joseph Lawler -
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The Dow Jones Industrial Average fell by more than 600 points, or greater than 2 percent, by late afternoon Friday after investors anticipated more interest rate hikes after a strong jobs report. (AP Photo/Pablo Martinez Monsivais)
Economy

Stocks tumble after strong jobs report raises expectations for Fed rate hikes

Joseph Lawler -
0
During Federal Reserve Chairwoman Janet Yellen's tenure, which began in 2014, the Fed's target short-term interest rate has risen from near zero to between 1.25 percent and 1.5 percent. Yellen, the first woman to lead the world's most influential central bank, will step down when her term expires on Feb. 3. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Yellen’s last act: Fed holds target rate steady

Joseph Lawler -
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Federal Reserve Chairwoman Janet Yellen will head her last Fed meeting this Tuesday and Wednesday. She will pass the reins on to Trump appointee Jerome Powell. (AP Photo/Carolyn Kaster)
Business

Fed to debate impact of Trump tax cuts at Janet Yellen’s last meeting

Joseph Lawler -
0
For proof that we are in the midst of extraordinarily prosperous times, the fact that stocks are closing higher on Wall Street is just one example. (AP Photo/Richard Drew)
Economy

Rep. Andy Biggs: It’s a prosperous new year, even if the media haven’t told you

Rep. Andy Biggs -
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President Trump has been touring manufacturing centers to promote his tax and economic plan signed into law late last year. (AP Photo/Evan Vucci)
Business

Trump’s next challenge: Making tax cuts great again

W. James Antle III -
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Government shutdown unlikely to stop March rate hike, Deutsche Bank says
Business

Government shutdown unlikely to stop March rate hike, Deutsche Bank says

James Langford -
0
Average loss rates on credit card accounts at three of the largest U.S. banks, JPMorgan Chase, Bank of America, and Citigroup, may have reached 2.46 percent in the three months through December. (iStock)
Business

US banks buoy reserves as credit card debt hits $1.02 trillion record

James Langford -
0
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