FILE - In this Feb. 7, 2019 file photo White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. On Friday, March 29, 2019, Kudlow called on the Federal Reserve to cut its key interest rate by a half-percentage point. Kudlow said that the Fed should do more to help the economy by cutting rates. It signaled last week that it expected to keep rates unchanged for this entire year after raising its benchmark rate four times in 2018 to the current level of 2.25 percent to 2.5 percent. (AP Photo/Susan Walsh, file)
March 29, 2019 - 5:08 pm
WASHINGTON (AP) — A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate by a half-percentage point. Larry Kudlow, head of the president's National Economic Council, said in an interview with CNBC that the Fed should do more to help the economy by...
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President Donald Trump talks with reporters before boarding Marine One on the South Lawn of the White House, Friday, March 22, 2019, in Washington. (AP Photo/Evan Vucci)
March 22, 2019 - 4:10 pm
WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's seven-member board. Moore, a well-known and often polarizing figure in Washington political circles,...
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FILE- In this Sept. 4, 2018, file photo, sprinklers run as a farmworker walks through a broccoli field in Salinas, Calif. On Wednesday, March 13, 2019, the Labor Department reports on U.S. producer price inflation in February. (AP Photo/Jae C. Hong, File)
March 13, 2019 - 7:34 am
WASHINGTON (AP) — U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The Labor Department says the producer price index — which measures price changes before they reach the consumer — rose 0.1 percent...
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An orange sky is seen over the banking district of Frankfurt, Germany, on Tuesday, Feb. 26, 2019. (AP Photo/Michael Probst)
March 01, 2019 - 7:02 am
LONDON (AP) — Worries are growing that the 19-country eurozone economy is heading toward a recession that could start undoing hard-earned improvements in the labor market. In a survey of manufacturers that is closely monitored by the European Central Bank in its interest rate deliberations,...
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February 21, 2019 - 1:40 pm
The average fare for airline travel within the United States has hit the lowest level since the government started keeping track in 1995, after adjusting for inflation. However, that doesn't count fees that airlines add for things like checking a bag, getting a better seat, or moving up in the...
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FILE - In this Jan. 30, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. Powell says political attacks by President Donald Trump played no role in the Fed’s decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday, March 10, 2019, that he can’t be fired by the president and that he intends to serve out his full four-year term. (AP Photo/Alex Brandon, File)
February 20, 2019 - 2:46 pm
WASHINGTON (AP) — Federal Reserve policymakers last month noted greater threats to the U.S. economy, ranging from adverse effects of the government shutdown to rising trade tensions, and decided to emphasize that they would be "patient" in raising interest rates. Minutes of the Fed's January...
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FILE- In this Aug. 24, 2018, file photo, a worker rakes wild blueberries at a farm in Union, Maine. On Thursday, Feb. 14, 2019, the Labor Department reports on U.S. producer price inflation in January. (AP Photo/Robert F. Bukaty, File)
February 14, 2019 - 7:34 am
WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. The Labor Department said Thursday that producer prices, which track changes before they reach the...
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February 13, 2019 - 4:35 pm
SPRINGFIELD, Ill. (AP) — In a story Feb. 12 about a proposal to raise the Illinois minimum wage, The Associated Press incorrectly reported that the value of a $15 minimum wage in 2025 would be about $10.46 in today's money, assuming an annual inflation rate of 2.1 percent. At that rate, it would be...
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FILE- This Feb. 7, 2019, file photo shows the bread section of a Safeway store in Tacoma, Wash. On Wednesday, Feb. 13, 2019, the Labor Department reports on U.S. consumer prices for January. (AP Photo/Ted S. Warren, File)
February 13, 2019 - 8:43 am
WASHINGTON (AP) — Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care. The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier. That matched the slowest pace of annual...
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Illinois Gov. J.B. Pritzker gives his opening remarks along with Illinois State Sen. Kimberly Lightford, D-Maywood, left, on Senate Bill 1, a bill sponsored by Lightford to raise the state's minimum wage to $15 an hour by 2025, after it passed the Illinois Senate during a press conference in the governor's office at the Illinois state Capitol, Thursday, Feb. 7, 2019, in Springfield, Ill. (Justin L. Fowler/The State Journal-Register via AP)
February 12, 2019 - 4:12 pm
SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained...
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