James Politi

16 results

US Federal Reserve chairman Jerome Powell.

Federal Reserve officials sharply upgraded their growth forecasts for the world’s largest economy but signalled that they expected to keep interest ra(...)

Senate majority leader Mitch McConnell exiting during a joint session of Congress to count the Electoral College votes of the 2020 presidential election. Photograph: J Scott Applewhite/AP/Bloomberg

Two of the most prominent Republicans in Washington defied Donald Trump’s last-gasp effort to nullify Joe Biden’s victory, with the party’s leader in (...)

President Donald Trump wrote on Twitter: ‘GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!!’ Photograph: Doug Mills/The New York Times

The US economy grew in the third quarter at its fastest pace in postwar history as activity bounced back from coronavirus lockdowns, offering an oppor(...)

A closed shop in New York.

A senior Federal Reserve official has warned that the rebound in the world’s largest economy is in danger of stalling as a result of the recent spike (...)

US Trade Representative Robert Lighthizer (C) at an event last year alongside US Treasury Secretary Steven Mnuchin (R) and US President Donald Trump. Photograph: Nicholas Kamm/AFP

The Trump administration has announced an investigation into a string of countries that are adopting digital services taxes, including the EU, UK, Ita(...)

Republicans and Democrats have clashed about what sort of bill should be passed to top up the programme

A $350 billion (€322 billion) US rescue fund for small businesses ran out of cash on Thursday morning after the US Treasury and congressional leaders (...)

A decision is pending on whether or not the US commerce department will extend a temporary general licence for companies to do business with Huawei for 90 days. Photograph: Aly Song/Reuters

US Commerce Secretary Wilbur Ross said on Monday the US government will extend a reprieve given to Huawei Technologies that permits the Chinese firm t(...)

The Trump administration said it would delay the imposition of 10 per cent tariffs on a series of consumer goods imported from China  until December

The Trump administration said it would delay imposing a 10 per cent tariff on a series of consumer goods imported from China - including laptops and c(...)

President Donald Trump. Photograph: Samuel Corum/The New York Times

Donald Trump said the US would place a 10 per cent tariff on $300 billion (€270 billion) of additional Chinese goods, in a new escalation of the trade(...)

Federal Reserve chairman Jay  Powell: statement to Congress come as investors bet that the reserve’s monetary policymakers will move as early as late July to cut its main interest rate by at least 25 basis points Photograph: Getty

Chairman of the US Federal Reserve Jay Powell has cemented the case for the US central bank to cut interest rates based on mounting risks to the US ec(...)

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