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Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of President Donald Trump's administration as among the top challenges in figuring out where to take U.S. monetary policy in the months ahead. Chicago Fed President Austan Goolsbee warned that ignoring the potential inflationary impact of tariffs would be a mistake, whereas Richmond Fed President Thomas Barkin said it remains impossible at this early stage to know where cost increases from any tariffs might be absorbed or passed along to consumers. The views of the two U.S. central bankers were emblematic of the cautious approach Fed officials are angling to take in deciding whether to resume interest rate cuts later this year or continue to keep them on hold. The Fed left its benchmark interest rate unchanged last week in the 4.25%-4.50% range after cutting it at three straight meetings to close out 2024. The U.S. economy is strong, the labor market is «plausibly» at full employment, and inflation has come down and is approaching the Fed's 2% goal, Goolsbee said in remarks prepared for delivery to the Chicago Fed's annual auto symposium in Detroit.

The bank said 51% of its 4,233 respondents named inflation and tariffs together as the top potential developments likely to dominate markets this year. Last year, inflation was also a top concern, but only for 27% of the interviewees.

Alphabet earnings and weighed the prospect of future interest rate cuts from the U.S. Federal Reserve. Google-parent Alphabet dropped 7.3% after posting downbeat cloud revenue growth on Tuesday and earmarking a higher-than-expected $75 billion investment for its AI buildout this year.

One person is dead and nine others were taken into the custody of the Canada Border Services Agency this week following two separate incursion incidents near Alberta’s border with the United States.

Subscribe to enjoy similar stories. India's economic engine, consumer spending, has stumbled, placing immense pressure on the Union Budget 2025-26 to reignite growth. The budget delivered a headline-grabbing tax relief for the middle class, fueling hopes of a consumption revival.

Canada’s mortgage market is reacting to fears this week that United States President Donald Trump’s threatened tariffs could deliver a sharp blow to the Canadian economy.

Stephen Miller, White House deputy chief of staff for policy, breaks down President Donald Trump's tariffs on ‘Kudlow.’

Tesla CEO Elon Musk has been designated as a ‘special government employee’ under US President Donald Trump while granting him significant authority to implement changes within the federal government through the Department of Government Efficiency (DOGE), reported NBC News.

Federal Reserve to opt to hold interest rates steady at 4.25% to 4.5% as it did in its latest policy meeting on January 29. But, US president Donald Trump was not very happy with Fed Chair Jerome Powell's decision, as per a report.

US President Donald Trump's buyout offer which reportedly allows them to resign while receiving eight months of pay and benefits, reported USA Today.

CIA) has actually initiated a buyout offer for its entire workforce as part of US President Donald Trump's broader strategy to reshape and downsize the federal government, reported Daily Mail.

Amazon-owned Whole Foods is asking the National Labor Relations Board to set aside the results of a union election that led to a labor win

South African President Cyril Ramaphosa spoke with Elon Musk a day after U.S. President Donald Trump promised to cut the country's funding over a land expropriation law

Donald Trump’s tariffs against China may be a precursor to a trade deal between the two countries. The Trump administration’s position on artificial intelligence and semiconductor export controls will be key to any negotiations with China.

birthright citizenship for anyone born in the U.S. to someone in the country illegally, calling citizenship a «most precious right.»

Kanye West didn't attend the inauguration of President Donald Trump. The «Runaway» rapper, who has previously gone viral for his hateful and antisemitic remarks, revealed at a Grammys 2025 after-party that he was not allowed to attend President Donald Trump's second inauguration last month because the administration wanted him to make «another» apology, as quoted in a report by E! News.

Sen. Ron Johnson, R-Wis., breaks down how President Donald Trump’s tariff policies are addressing the fentanyl crisis and explains his subpoena for information on the COVID vaccine on ‘The Bottom Line.’

Subscribe to enjoy similar stories. WASHINGTON : The Central Intelligence Agency offered buyouts to its entire workforce Tuesday, in what officials said is a bid to bring the agency in line with President Trump’s priorities, including targeting drug cartels. The CIA appeared to be the first intelligence agency to tell its employees that they can quit their jobs and receive about eight months of pay and benefits as part of Trump’s push to downsize the federal government.

Subscribe to enjoy similar stories. Hurricane Elon is blowing through Washington, creating panic and pushback wherever he and his government-efficiency minions appear. Mr.