Elon Musk last week cut his forecast for savings from the Department of Government Efficiency, which he once predicted would reach $2 trillion, to only $150 billion this year. This amounts to 2% of ...

The rule, named after former Fed economist Claudia Sahm, is closely tracked because it’s worked in the past. This chart, from ...

Inflation slowed considerably last month — but new tariffs on China could trigger another wave of price hikes as President ...

The removal of advisers supporting closely watched monthly releases may mean trouble for agencies that provide vital ...

Turmoil following Trump’s tariffs are sending experts and consumers into a frenzy about a potential recession.

Economists have warned that the shuttering of two federal economic advisory committees could impact independent policymaking.

Economists warn the U.S. economy may suffer most—but a range of knock-on effects will ripple across the world.

“It will be difficult for the U.S. to avoid a recession if the tariffs stay at the level that's been announced,” Claudia Sahm, chief economist at New Century Advisors, tells TIME. “You put ...

"If, in the short run, we have a big pullback in the supply of goods, that could show up in higher consumer prices," Claudia Sahm, former Federal Reserve Board economist and current New Century ...