Current and former policymakers are warning that any attempt by Donald Trump to undermine the independence of the Federal Reserve in his second term as US president would destabilise the world’s largest economy and global financial markets. In his first presidency, Trump turned on Jay Powell, who he nominated in 2017 to lead the US
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump is considering tapping North Dakota’s Doug Burgum to be his new “energy tsar”, which would give the oil state’s governor sweeping power to slash environmental regulations and boost US fossil fuels
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Robert Lighthizer, who was US trade representative when Donald Trump launched his trade war with China, has been asked to take the job again as the president-elect starts to build his cabinet team.
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Kamala Harris and Donald Trump raced across key battleground states in the final hours of campaigning in a last push for votes, as Americans prepared to head to the polls on Tuesday in one of the closest presidential elections in modern history. The US vice-president said America was ready for a “fresh start” and claimed
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris and Donald Trump will use their final day on the campaign trail stumping for votes in Pennsylvania, the presidential election’s biggest battleground state where polls continue to show the candidates
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris leads among likely voters in Iowa, a state Donald Trump won by more than eight points four years ago, according to a closely watched poll that suggests women voters in
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris and Donald Trump made their final appeals to undecided voters and sought to rally their supporters in swing states as polls showed the election going down to the wire in
The Federal Reserve is poised to lower its benchmark policy rate by a quarter-point next week, sticking to its course in the face of a distorted jobs report and uncertainty over economic policy beyond Tuesday’s US presidential election. The Federal Open Market Committee will announce its next decision on interest rates two days after polls
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett continued to slash his stake in Apple as part of a selling spree that has seen his Berkshire Hathaway dump $166bn worth of stocks over the past two years, with the Oracle of
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Show video info Donald Trump has lashed out at Liz Cheney, his Republican critic, as a “radical war hawk” who should have “nine barrels shooting at her”, prompting immediate criticism of his
German business executives have warned that high levels of sick leave are damaging the competitiveness of Europe’s largest economy and compounding its economic woes. Workers missed an average of 19.4 days because of illness in 2023, according to Techniker Krankenkasse, the country’s largest public health insurance provider. Preliminary figures suggest the trend is on course
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The expressway from Shenzhen to Dongguan and Guangzhou, through one of China’s industrial heartlands, boasts almost every vehicle the global market has to offer. Toyota sedans weave aggressively between industrial tankers; sleek Maybachs and Mercedes
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Hushum Al-Husainy had just finished his prayers last Thursday afternoon when he explained why he was trying to help Donald Trump win back the White House. “I just want to see the world be more stable,” said Al-Husainy, an Iraqi-American Imam at a prominent Islamic centre in Dearborn, Michigan. He expected that Trump would end
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A group of major western and Asian nations has expressed “grave concern” over draft Israeli legislation that would severely restrict the ability of the UN agency for Palestinian refugees to operate in Gaza and the
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