Powell: The Fed could cut forecast from two rate hikes this year. The Fed chief reiterated his remarks last week that the central bank will be patient
Author: Paul Davidson, USA TODAY
Boomers made up half of jobs gains in 2018 as older workers stayed on longer
Workers 55 and over made up half of all employment gains in 2018. Many baby boomers are choosing to work longer, attracted by a healthy labor market
Powell: Fed ‘will be patient’ as it mulls more rate hikes, boosting stocks
Fed Chairman Jerome Powell said Friday the central bank ‘will be patient’ as it weighs future interest rate hikes. Stocks surged in response.
December jobs report: 312,000 added, easing recession fears amid stock turmoil
The labor market bounced back in December as employers added312,000jobs amid stock turmoil and increasing worker shortages, easing recession fears.
Economy’s weaknesses in 2019: Trade war, fading stimulus, rate hikes could slow growth
U.S. trade war with China, rate hikes , fading fiscal stimulus are economic obstacles in 2019. Toss in slowing business spending, tepid housing market
Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated
Blue-collar fields stepped up hiring in 2018 as white-collar sectors moderated. Credit improved global economy, housing recovery, rising oil prices
Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell
Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.
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Q&A: Does the stock market sell-off mean a recession is coming?
Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.
Will the hot economy and job market go cold in 2019?
Economic growth is expected to slow next year but still turn in a solid performance. Consumer spending should be healthy while housing, trade hurt gain
Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019
The Federal Reserve raised interest rates and forecast two more hikes next year. The Fed aims to prevent a run-up in inflation.