Fed's Powell said the economy is in "good place," and officials must keep inflation controlled. His remarks suggest the possibility of fewer rate cuts

Economists told Newsweek it could take years or decades for Americans to know if Trump's tariffs achieved their goals—if they ever do.

Donald Trump’s “liberation day” tariffs present a severe risk to a US economy that is already rapidly losing momentum, with economists warning of surging prices for households and a growing risk of recession in the wake of the president’s announcements.