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Articles written by Christopher Rugaber

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AP FACT CHECK: Trump challenges Fed with dubious theory

WASHINGTON (AP) — President Donald Trump is flipping interest-rate theory on its head as he tries to blame the Fed for holding back growth. Trump went after the Federal Reserve on Friday after advancing a dubious argument this week that...

 

One reason for a Fed cut: Powell now fears too-low inflation

WASHINGTON (AP) — In a shift from just a few months ago, Federal Reserve Chairman Jerome Powell is worried that too-low inflation could persist for a while — and undercut the U.S. economy. Powell's concern is a key reason why the Fed will likely...

 

Trump says he will tap economists for 2 key Fed vacancies

WASHINGTON (AP) — President Donald Trump, who has criticized the Federal Reserve for not cutting interest rates, said Tuesday that he intends to nominate two economists to fill influential positions on the central bank's Board of Governors. Trump...

 

US hiring slows amid trade rifts and weaker global economy

WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. La...

 

Trade impasse: Trump pledges $16B to farmers; markets slump

WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter,...

 

AP Explains: New China tariffs likely to hit US consumers

WASHINGTON (AP) — With the Trump administration more than doubling tariffs on billions of dollars of Chinese imports, will Americans soon see higher prices on store shelves? Yes, but it may take a few weeks. U.S. import taxes on $200 billion of...

 

Trump Fed choice Stephen Moore withdraws amid controversy

WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past...

 

Hiring surge lifts economy - and Trump's re-election chances

NEW YORK (AP) — The lowest unemployment rate in a half century. More than 260,000 new jobs. And higher hourly wages. "I'll be running on the economy," President Donald Trump declared on Friday. And why wouldn't he? The day's new round of sunny...

 

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

WASHINGTON (AP) — The skeptical response to President Donald Trump's choice of Stephen Moore for the Federal Reserve has thrown a spotlight on the tough task Trump has set for himself: Finding a rare conservative ally who both favors cutting...

 

Outlook for the US economy and stock market brightens

WASHINGTON (AP) — The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record...

 

Writings on gender issues magnify scrutiny of Trump Fed pick

WASHINGTON (AP) — Additional provocative commentaries about women written by Stephen Moore, President Donald Trump's pick for the Federal Reserve board, emerged Tuesday, a day after a second White House Fed choice withdrew from consideration. In a...

 

Job gain points to a US economy slowing but hardly stalling

WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last y...

 

High-level US and China trade talks to resume next week

WASHINGTON (AP) — Top U.S. trade and economic officials will visit China late next week for another round of negotiations, a White House official said Tuesday. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will...

 

US wages rise by most in decade even as hiring tumbles

WASHINGTON (AP) — The pace of hiring in the United States fell last month to its lowest point in nearly a year and a half, a surprise drop likely reflecting harsh weather and other temporary factors that led most economists to see the slowdown as...

 

US job openings jump to record high of 7.3 million

WASHINGTON (AP) — U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence that the job market is strong despite several challenges facing the economy. The Labor Department said Tuesday...

 

AP FACT CHECK: Trump's speech exaggerates border peril

WASHINGTON (AP) — President Donald Trump exaggerated perils at the border, flubbed food stamp numbers and the length of wars and told partial truths on drug prices in his State of the Union speech. Trump also celebrated a couple of workforce measur...

 

AP FACT CHECK: Trump's claims in his State of Union address

WASHINGTON (AP) — President Donald Trump laced his State of the Union speech with puffed-up numbers and partial truths Tuesday as he hailed an "economic miracle," warned of human traffickers flooding across the border and appeared to place...

 

For US-China trade talks, hopes are high, expectations low

WASHINGTON (AP) — U.S. and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. Yet the odds...

 

Government shutdown poses increasing risk to wider economy

WASHINGTON (AP) — At this time of year, John Sprinkle and his wife would normally be planning their summer vacation. Not now. Sprinkle, a furloughed federal employee, is about to miss his second paycheck since the partial government shutdown began...

 

Number of federal workers seeking US jobless aid doubles

WASHINGTON (AP) — The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5. The Labor Department said Thursday that is double the number of...

 

From travel to IPOs, how shutdown is upsetting US economy

WASHINGTON (AP) — Delta Air Lines can't get eight new aircraft in the air. Roughly a million government employees and contractors aren't being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax i...

 

AP FACT CHECK: Trump's 'record' poverty drop, Flynn's lies

WASHINGTON (AP) — President Donald Trump is spreading misinformation about U.S. economic growth, the Russia investigation and the Islamic State group in Syria. He and his advisers are declaring a "record" drop in U.S. poverty last year where none...

 

AP FACT CHECK: Trump's trade claims, Paris protesters' chant

WASHINGTON (AP) — Eager for a historic trade agreement, President Donald Trump is claiming done deals with China that aren't measuring up to the hype. He describes last week's meeting with Chinese President Xi Jinping in Buenos Aires, Argentina,...

 

US hiring pullback could signal mild slowdown in growth

WASHINGTON (AP) — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year. The potential for a more anemic economy contributed to a sharp drop in the stock market...

 

White House intensifies confusion and fear on US-China deal

WASHINGTON (AP) — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a broad stock market plunge and intensifying fears of a global economic slowdown.  Investors had initially...

 

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