John Ydstie appears in the following:
Friday, March 23, 2018
Historically, both sides usually lose in trade wars. But, one side often loses more than the other. While China could be hurt by the Trump administration tariffs, U.S. consumers, companies and our allies could end up being damaged more.
Wednesday, March 21, 2018
The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.
Tuesday, March 06, 2018
The accusation varies from country to country, but it often has to do with governments subsidies and protections that the U.S. says harms U.S. producers.
Thursday, March 01, 2018
The president promised steel and aluminum executives that he will levy tariffs on imports of their products in coming weeks. The tariffs will be 25 percent for steel and 10 percent for aluminum.
Tuesday, February 27, 2018
The central bank remains on track to boost rates gradually, Jerome Powell told Congress on Tuesday in his first testimony as Fed chairman. He said he has seen the economy picking up since December.
Monday, February 19, 2018
The whiff of inflation sent the stock market tumbling recently. Inflation data released last week did show a pick-up, but it's not yet clear that the increase will be sustained.
Friday, February 09, 2018
The federal government's funding lapsed after Sen. Rand Paul stalled a vote. Also, a look at recent swings in the stock market and how the fight against ISIS in Syria is getting more complicated.
Friday, February 09, 2018
Stocks were down sharply on Thursday in a selloff that took the Dow Jones industrial average down more than 1,000 points.
Thursday, February 08, 2018
Wall Street's roller coaster continued Thursday, with all the major stock indexes posting drops of about 4 percent amid inflation concerns. The market has now tumbled 10 percent from its recent peak.
Friday, February 02, 2018
U.S. employers added 200,000 jobs to payrolls in January, a big improvement from December. The Labor Department report, released Friday morning, showed unemployment unchanged at 4.1%. But there was one surprise: African-American unemployment shot up after hitting a record low in December.
Wednesday, January 31, 2018
As she leaves the Fed's top job, Janet Yellen gets high marks for the way she resisted calls to raise interest rates as the economy began recovering. Instead, she was determined to boost job growth.
Tuesday, January 16, 2018
Laurence Fink, CEO of the investment firm BlackRock, is telling other CEOs they need to do more than just deliver profits. In a letter published by The New York Times, Fink says companies must show how they are making positive contributions to society.
Saturday, January 13, 2018
Companies like Wal-Mart say tax cuts are making it possible for them to boost wages. But other economic factors could also be contributing to pay increases.
Thursday, January 11, 2018
Wal-Mart plans to share part of its savings under the new tax law with its employees. The giant retailer announced today it is boosting its starting wage to $11 an hour and handing out bonuses to most of its employees.
Tuesday, January 09, 2018
"Baby Bonds" are back in the news. Two professors presented their idea to do something about widening inequality to an economics conference. They suggest creating an education trust fund for each newborn. The grants — ranging from $500 to $50,000 — would be on a sliding scale tied to household income.
Friday, January 05, 2018
Germany runs huge trade surpluses. The U.S. hasn't seen one in decades. President Trump accuses the Germans of cheating, without offering specifics. But a number of factors fuel German export prowess.
Thursday, January 04, 2018
Every year, about half a million young Germans enter the workforce through apprenticeship training programs. They provide a steady stream of highly qualified industrial workers.
Wednesday, January 03, 2018
Manufacturing accounts for 24 percent of the German economy. In the U.S., it's only 11 percent. What makes German manufacturing so strong and resilient?
Wednesday, December 13, 2017
Policymakers increased a key rate for the third time this year. The quarter-point move indicates the Fed is confident in the economy as it continues to recover from the financial crisis.
Tuesday, November 28, 2017
Jerome Powell's confirmation hearing went smoothly, putting him closer to being confirmed as the Federal Reserve's next chairman. He suggested he'll continue the policies pursued under Janet Yellen.