Economy

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.

President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.

Economic experts say the Federal Reserve is unlikely to cut rates despite President Donald Trump's demands due to uncertainty from tariff hikes.

Federal Reserve Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."

U.S. Postal Service implemented a 7.4% price hike including raising Forever stamps to 78 cents, as the organization works to overcome a projected $160 billion in losses.

Homeowners can protest property tax assessments with potential savings of $500, as over 73% of US properties saw tax increases due to rising home values.

The Fed's debt and runaway spending is spelling a lot of trouble for the Chairman

Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.

Americans traveling overseas face higher costs as the U.S. dollar weakens against foreign currencies, squeezing budgets for hotels, food and transportation abroad.

High-net-worth New Yorkers explore South Florida real estate after socialist Mamdani's victory in the mayoral primary, potentially triggering new migration.

The Trump administration is investigating Fed Chair Powell's testimony about the central bank's renovation project amid Trump's calls for Powell and the Fed to lower interest rates.

The average net worth that Americans feel is needed to qualify as wealthy has declined, compared to last year, Charles Schwab found.