Christopher Rugaber, The Associated Press

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JetBlue flight near Venezuela avoids 'midair collision' with US Air Force tanker

JetBlue flight near Venezuela avoids 'midair collision' with US Air Force tanker

WASHINGTON (AP) -- A JetBlue flight from the small Caribbean nation of Curacao halted its ascent to avoid colliding with a U.S. Air Force refueling tanker on Friday, and the pilot blamed the military plane for crossing his path.

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

WASHINGTON (AP) -- The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell's ability to corral the necessary support from fellow policymakers for a third straight interest rate cut.

Federal Reserve set to cut rate but may signal a pause to come

Federal Reserve set to cut rate but may signal a pause to come

WASHINGTON (AP) -- The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell's ability to corral the necessary support from fellow policymakers for a third straight interest rate cut.

Bessent says Federal Reserve Board could 'veto' future regional presidents

Bessent says Federal Reserve Board could 'veto' future regional presidents

WASHINGTON (AP) -- Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

Bessent says White House may 'veto' Federal Reserve presidents

Bessent says White House may 'veto' Federal Reserve presidents

WASHINGTON (AP) -- Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

Sharp disagreements over economy threaten Federal Reserve interest rate cut

Sharp disagreements over economy threaten Federal Reserve interest rate cut

WASHINGTON (AP) -- What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn inflation or weak hiring represent a bigger threat.

The unprecedented government shutdown will weigh on a US economy already under stress

The unprecedented government shutdown will weigh on a US economy already under stress

WASHINGTON (AP) -- The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure.

2 Federal Reserve officials oppose an interest rate cut in December

2 Federal Reserve officials oppose an interest rate cut in December

WASHINGTON (AP) -- Two Federal Reserve officials expressed opposition Wednesday to another interest rate cut at the central bank's next meeting in December, further muddying the outlook for the Fed's next steps.

Atlanta Fed president Bostic to retire in February, opening seat on key committee

Atlanta Fed president Bostic to retire in February, opening seat on key committee

WASHINGTON (AP) -- Raphael Bostic, president of the Federal Reserve Bank of Atlanta, will retire at the end of his current term in February, opening up a new seat on the Fed's interest-rate setting committee at a time that President Donald Trump is seeking to exert more control over the central bank.

Shutdown leaves a mark on an already-struggling economy, from lost paychecks to canceled flights

Shutdown leaves a mark on an already-struggling economy, from lost paychecks to canceled flights

WASHINGTON (AP) -- The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

Shutdown to leave mark on US economy from lost paychecks, canceled flights

Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) -- The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) -- When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

WASHINGTON (AP) -- The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

WASHINGTON (AP) -- The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.

Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many

Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many

WASHINGTON (AP) -- Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve.

Lack of jobs data due to government shutdown muddies view of hiring and the US economy

Lack of jobs data due to government shutdown muddies view of hiring and the US economy

WASHINGTON (AP) -- From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report.

Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy

Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy

WASHINGTON (AP) -- From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report.

Trump's Federal Reserve appointee seeks steeper rate cuts

Trump's Federal Reserve appointee seeks steeper rate cuts

WASHINGTON (AP) -- President Donald Trump's appointee to the Federal Reserve's Board of Governors said Monday that the central bank's key interest rate should be much lower than its current 4.1% level, staking out a position far different than his colleagues.

The Federal Reserve wrestles with how many interest rate cuts to make and how fast

The Federal Reserve wrestles with how many interest rate cuts to make and how fast

WASHINGTON (AP) -- With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?

Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust

Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust

WASHINGTON (AP) -- After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.

Trump takes one step back and another forward in his attempt to reshape the Fed

Trump takes one step back and another forward in his attempt to reshape the Fed

WASHINGTON (AP) -- President Donald Trump's goal of appointing a majority of the Federal Reserve's board of governors faced a setback late Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.

Senate committee approves Trump's Fed Board nominee, raising concerns about its independence

Senate committee approves Trump's Fed Board nominee, raising concerns about its independence

WASHINGTON (AP) -- A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Federal Reserve's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board.

Trump's Federal Reserve board nominee is approved by Senate committee

Trump's Federal Reserve board nominee is approved by Senate committee

WASHINGTON (AP) -- A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Fed's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board.

Fed governor Cook to seek court order blocking her firing by Trump

Fed governor Cook to seek court order blocking her firing by Trump

A case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve will get its first court hearing Friday.

Fed official sues Trump over attempt to fire her, challenging his power over the independent agency

Fed official sues Trump over attempt to fire her, challenging his power over the independent agency

WASHINGTON (AP) -- Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president's attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed's longstanding political independence.

Trump's power challenged in court by a key member of the Federal Reserve that he's trying to fire

Trump's power challenged in court by a key member of the Federal Reserve that he's trying to fire

WASHINGTON (AP) -- Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president's attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed's longstanding political independence.

Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

WASHINGTON (AP) -- Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president's attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed's longstanding political independence.

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

WASHINGTON (AP) -- Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's demands.

Powell signals Fed may cut rates soon even as inflation risks remain

JACKSON HOLE, Wyo. (AP) -- Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the...

Why the Federal Reserve has historically been independent of the White House

Why the Federal Reserve has historically been independent of the White House

WASHINGTON (AP) -- President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.

Why the Federal Reserve's independence matters

Why the Federal Reserve's independence matters

WASHINGTON (AP) -- President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

WASHINGTON (AP) -- Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was "solid."

US inflation held steady as mild tariff hit offset by cheaper gas, food

US inflation held steady as mild tariff hit offset by cheaper gas, food

WASHINGTON (AP) -- U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.

US inflation held steady last month as tariff hit offset by cheaper gas, food

US inflation held steady last month as tariff hit offset by cheaper gas, food

WASHINGTON (AP) -- U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.

US inflation unchanged last month, though core prices accelerated

US inflation unchanged last month, though core prices accelerated

WASHINGTON (AP) -- U.S. inflation was unchanged last month while a measure of underlying inflation rose to its highest level in five months, as tariffs have raised the cost of some imported goods while gas and procery prices cooled.

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

WASHINGTON (AP) -- Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump has demanded.

Trump says he doesn't trust the jobs data, but Wall Street and economists do

Trump says he doesn't trust the jobs data, but Wall Street and economists do

WASHINGTON (AP) -- The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.

How reliable is the jobs data? Economists and Wall Street still trust it

How reliable is the jobs data? Economists and Wall Street still trust it

WASHINGTON (AP) -- The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.

Trump demands official overseeing jobs data be fired after dismal employment report

Trump demands official overseeing jobs data be fired after dismal employment report

WASHINGTON (AP) -- President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.

Trump seeks to fire official overseeing jobs data after weak employment report

Trump seeks to fire official overseeing jobs data after weak employment report

WASHINGTON (AP) -- President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.

Dozens of countries with no deals face new tariffs as trade deadline looms

Dozens of countries with no deals face new tariffs as trade deadline looms

WASHINGTON (AP) -- Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on Aug. 7, a potential blow to the global economy, because they haven't yet reached a trade deal with the Trump administration.

Dozens of countries with no deals face higher tariffs as trade deadline looms

Dozens of countries with no deals face higher tariffs as trade deadline looms

WASHINGTON (AP) -- Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Aug. 7, a potential blow to the global economy, because they haven't yet reached a trade deal with the Trump administration.

Dozens of countries with no deals face higher tariffs as trade deadline nears

Dozens of countries with no deals face higher tariffs as trade deadline nears

WASHINGTON (AP) -- Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Friday, a potential blow to the global economy, because they haven't yet reached a trade deal with the Trump administration.

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

WASHINGTON (AP) -- The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy.

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

WASHINGTON (AP) -- Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. But on Thursday, it was jeans, boots and a hard hat.

Trump meets with the Federal Reserve chairman he has repeatedly scorned

Trump meets with the Federal Reserve chairman he has repeatedly scorned

WASHINGTON (AP) -- President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said.

Trump meets with Jerome Powell, the Federal Reserve chair he has repeatedly scorned

Trump meets with Jerome Powell, the Federal Reserve chair he has repeatedly scorned

WASHINGTON (AP) -- President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said.

Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

WASHINGTON (AP) -- Federal Reserve Chair Jerome Powell defended the central bank's response to the COVID-19 pandemic Sunday in a Princeton University commencement speech in which he also praised government employees and U.S. universities, both of which have been targeted by the Trump administration.

Trump's tariffs will test unity among allies at G7 finance ministers' summit

BANFF, Canada (AP) -- Leading financial officials from the world's richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump's sweeping tariffs.

What's in the US-UK trade deal? A broad agreement with limited details

What's in the US-UK trade deal? A broad agreement with limited details

WASHINGTON (AP) -- The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it will achieve.

Why Trump's call for the Fed to cut interest rates may not help consumers

Why Trump's call for the Fed to cut interest rates may not help consumers

President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.

US and global economic outlook deteriorates in Trump trade war, IMF says

US and global economic outlook deteriorates in Trump trade war, IMF says

WASHINGTON (AP) -- The U.S. and global economies will likely slow significantly in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

Trump renews attack on Federal Reserve Chair Powell, Dow Jones tumbles 1,000 points

Trump renews attack on Federal Reserve Chair Powell, Dow Jones tumbles 1,000 points

WASHINGTON (AP) -- President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy.

Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide

Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide

WASHINGTON (AP) -- President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy.

Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

WASHINGTON (AP) -- Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

WASHINGTON (AP) -- When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. The economy had just grown at a solid pace in last year's final quarter. And inflation, while stubborn, had fallen sharply from its peak more than two years ago.

Powell says Trump's comments won't affect interest rate decisions by the Fed

Powell says Trump's comments won't affect interest rate decisions by the Fed

WASHINGTON (AP) -- Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions.

Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

WASHINGTON (AP) -- Americans' bank accounts are safe despite the Trump administration's shutdown of a consumer financial regulatory agency, Federal Reserve Chair Jerome Powell said Tuesday.

Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead

Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead

WASHINGTON (AP) -- The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first day of a two-day appearance before Congress.

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

WASHINGTON (AP) -- The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy.