Trump Efficiency Co-Chief Elon Musk Calls Fed ‘Overstaffed’
Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve.
Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve.
Fed Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts next year.
Longer-dated US Treasuries weakened Thursday, propelling the yield curve to steepen to a level last seen in June 2022.
Speaker Mike Johnson’s (R-La.) handling of an end-of-year spending deal has thrown his future into uncertain territory ahead of Jan 3 Speaker vote.
Washington could be barreling toward yet another spending crisis.
Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen.
Fed Chairman Jerome Powell said Wednesday it's too soon to say what President-elect Donald Trump's proposed economic policies will do to the economy.