Economy

The choice ends a monthslong search for a successor to Jerome Powell, who has resisted White House pressure to lower interest rates.

The Fed and Chairman Jerome Powell face a criminal probe launched by Trump ally Jeanine Pirro.

Babies born from 2025 to 2028 will receive $1,000 at no cost, but ''everyone with a child who is under 18 should open an account,'' Scott Bessent told NBC News.

The announcement is the second round of large-scale job cuts at the firm since October.

The value of the U.S. currency, which directly affects consumers, hit its weakest level since early 2022.

The immigration drop dented growth in several states that traditionally have been immigrant magnets, such as California and Florida.

NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.

Last year, the company eliminated 48,000 jobs, launched driver buyouts and closed operations at 93 buildings.

The agreement represents 25% of global GDP and one-third of global trade, Indian Prime Minister Narendra Modi said.

The president blamed South Korea's legislature for not implementing a deal reached in October.

He said he and NATO Secretary General Mark Rutte had agreed on a "framework of a future deal with respect to Greenland" and the Arctic.