Economy

Kevin Hassett, a finalist to succeed Jerome Powell, warned against political pressure on the Fed as Trump pushes for rate cuts amid signs of economic slowdown.

The White House praised President Trump’s economic record on Labor Day, highlighting job creation, wage gains, and investments as evidence of pro-worker success.

Gas prices hit five-year low, markets reach record highs, and GDP rises 3.3% as Trump touts strong U.S. economy heading into Labor Day.

Trump dismissed Fed Governor Lisa Cook, citing mortgage fraud allegations. Cook refuses to resign, setting up a legal fight over central bank independence.

Brent and WTI crude gained last week as Russia–Ukraine tensions, U.S. supply drops, and sanctions fears fueled fresh volatility in global oil markets.