By 1600 Staff The Federal Reserve may be looking to raise interest rates soon on the heels on so amazing economic growth indicators. According to CNBC: The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday. Powell is delivering his semiannual testimony
Photo by Gage Skidmore, via Wikimedia Commons By 1600 Staff Top Democrat pollsters aren’t sure there’s a Democrat that can beat President Trump in 2020. The Washington Examiner reports: “Some people just know how to win,” said Zogby, who didn’t think Trump would make it out of the Republican primaries in 2016. After two
Today, the Council of Economic Advisers (CEA) released a report outlining the likely effects of expanding work requirements for non-disabled working-age adults in social welfare programs. The following is the executive summary. Read the full report here. The American work ethic, the motivation that drives Americans to work longer hours each week and more weeks each
By 1600 Staff A new rule from the Trump Administration is set to deal a blow to unions who are skiming federal funds from in-home care providers. The Washington Free Beacon Reports: The Centers for Medicare & Medicaid Services initiated a new rule that will prevent unions from collecting payments from home health aides, many
By 1600 Staff President Trump is ramping up to cut even more regulations, this time, through legislation from the Republican congress. Washington Examiner reports: House Republicans will make a new push next week to rein in federal rules and regulations that can cost local governments companies millions of dollars each year — 23 years after
Council of Economic Advisers July 6, 2018 The Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report showing that nonfarm payroll employment rose by 213,000 jobs in June, surpassing what forecasters predicted. The U.S. economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 215,000 jobs per month
The United States economy added a healthy 213,000 jobs in June, the latest in a string of positive headlines showing that confidence is surging, growth is accelerating, and jobs are plentiful in the Trump economy. THE WALL STREET JOURNAL: U.S. Hiring Strong in June; Unemployment Rate Rises as More Enter Labor Force “The unemployment rate
By 1600 Staff Investors Business Daily finds that “Trumpnomics” are creating glowing economic optimism. IBD reports: Is Trumponomics having a second honeymoon? The IBD/TIPP Economic Optimism Index surged to the 2nd-highest level since 2004 as the jobless rate matched a nearly 50-year low, the Nasdaq briefly scaled new heights and President Donald Trump pushed contentious immigration and
Trump Tax Cuts Have Strengthened U.S. Economy July 3, 2018 By Steven T. Mnuchin, Secretary of the Treasury The Tax Cuts and Jobs Act championed by President Donald Trump and passed by Congress have been central to the current success of the economy. Tax cuts have inspired more Americans to feel optimistic, and there are
Photo By Gage Skidmore via Wikimedia Commons Today on Fox Business “Mornings With Maria,” Administration officials outlined the many benefits Americans are experiencing as a result of President Trump’s tax cuts and reforms after just six months. STEVEN MNUCHIN, SECRETARY OF THE TREASURY: “We’re beginning to see the impact of the tax cuts on bigger
