Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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- News
What the Fed Chair Candidates’ Backgrounds Reveal About If They’ll Cut Interest Rates
President Donald Trump recently told The Wall Street Journal he is favoring selecting either National Economic Council head Kevin Hassett or former Federal Reserve Governor Kevin Warsh for the next chair of the Federal Reserve. Trump has said he expects the next Fed chair to cut interest rates. How have the candidates under consideration approached interest rate cuts in…Elizabeth Troutman Mitchell -
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EXCLUSIVE: How Transportation Secretary Will Help Trump Defund Woke Universities
FIRST ON THE DAILY SIGNAL—Transportation Secretary Sean Duffy is expected to revamp the agency’s university grant program after axing requirements that the schools fund diversity, equity, and inclusion and environmental initiatives, The Daily Signal can first report. Duffy plans to announce $33 million in grants to universities to “unleash American innovation.” This comes after the Department…Elizabeth Troutman Mitchell -
- Opinion
Trump’s Inflation Trap
What can Donald Trump do to stop morphing into Joe Biden? The two presidents could hardly be more different in most ways—but in the one that counts most with voters, Trump is in danger of resembling his predecessor. Americans rejected Biden and the Democrats last year because they were incensed at the lousy state of…Daniel McCarthy -
- Opinion
The Political Meme That Destroyed a Presidency
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for The Daily Signal. I’ve talked about affordability, this new meme, this new theme that the Democrats are using against…Victor Davis Hanson -
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‘I Know What It’s Like’: Vance Shines as Republican Messenger on Affordability
LEHIGH VALLEY, Penn.—When Vice President JD Vance recalled his grandmother’s choice between putting food on their table and paying for her medications, he arose as the Republicans’ secret weapon on affordability messaging. “I know what it’s like for a woman who’s trying to support a grandson but can’t afford her prescription drugs because pharmaceutical companies…Elizabeth Troutman Mitchell -
- Opinion
More Tax on Tips: Blue States Undercutting New Federal Tax Cuts
Filthy, vile, and disgusting. And I would add: reprehensible, repulsive, and rebarbative. These words perfectly describe the latest Democrat scheme to shaft industrious, economically embattled Americans, all so that the Left can get President Donald Trump. There are no depths too low for Democrats to dig to hurt this president. They were at Sub-basement Level 14 and have now jackhammered their…Deroy Murdock -
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Exclusive: How Labor Secretary Is Helping Linda McMahon Dismantle the Department of Education
Labor Secretary Lori Chavez-DeRemer said she expects to see success from the Labor Department taking on the responsibilities of the Education Department. The Department of Education and the Labor Department integrated the federal government’s education and workforce portfolio. The change positioned the Labor Department as the headquarters for all federal workforce programs and executed the…Elizabeth Troutman Mitchell -
- Opinion
Big Pharma’s High Prices Are Its Own Decision—and the Government’s Fault
For years, pharmaceutical executives have insisted that drug prices are out of their hands. Government red tape, research costs, and reimbursement rules are all offered as explanations for why Americans pay more at the pharmacy counter than anyone else in the developed world. It’s a tidy narrative. It’s also only half-true—pharma could easily drop its…Mike Feuz -
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EXCLUSIVE: Labor Secretary Reveals Whether Trump Can Axe H-1B Visas
FIRST ON THE DAILY SIGNAL—Labor Secretary Lori Chavez-DeRemer said the law doesn’t allow the Trump administration to eliminate H-1B visas. When asked by The Daily Signal if eliminating the program—a proposal popular with the MAGA base—is a possibility, Chavez-DeRemer said “I don’t think that that’s really what’s in the law.” “The law is, H-1B visa…Elizabeth Troutman Mitchell -
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EXCLUSIVE: How Labor Secretary Is Saving American Jobs From AI Replacement
FIRST ON THE DAILY SIGNAL—Labor Secretary Lori Chavez-DeRemer is dedicating every possible resource to ensuring American jobs aren’t lost to artificial intelligence, she told The Daily Signal in an exclusive interview. “You’ll see the media talk about, the fearmongering—you’re gonna lose your job—but I can tell you this,” she said, “we are deploying everything we…Elizabeth Troutman Mitchell -
- Opinion
It’s Time for Congress to End OPT and Put American Workers First
For too long, Washington has allowed a massive, unauthorized foreign guest-worker pipeline to operate outside the law, undercut American students, and expose our nation to significant economic and national-security risks. It’s called Optional Practical Training, an Immigration and Customs Enforcement program created by bureaucratic fiat in 1992 and radically expanded by the Obama administration. And Congress never authorized a…Rep. Paul Gosar -
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How Obama, Biden Regulations Slowed Technology Growth in Health Care
Regulations from Obamacare and under the Biden administration not only increased the cost of health care, they also made it more difficult to advance artificial intelligence and other technology in medicine, experts told a House panel Wednesday. The regulations amount to “layers of permission” for health data, said Dr. Ziad Obermeyer, Blue Cross of California…Fred Lucas -
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BREAKING: Divided Fed Makes Money Decision Ahead of Christmas
Federal Reserve Chairman Jerome Powell announced the third interest rate cut of the year in a news conference Wednesday. “Today, the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point,” Powell said. The rate cut brings the federal funds rate between 3.5% and 3.75%, following similar-sized rate cuts…Tyler O’Neil -
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18 States Now Allowed to Restrict Food Stamp Usage on Junk Food
Agriculture Secretary Brooke Rollins said on Wednesday that she has granted waivers to six additional states, allowing them to prevent the use of food stamps to purchase certain items, like soft drinks and candy. “President [Donald] Trump has made it clear: we are restoring SNAP to its true purpose – nutrition. Under the MAHA initiative, we are taking bold,…Daily Signal Staff -
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Trump Administration Has Found 62,000 Children, Some Victims of Sex Trafficking and Forced Labor, Tom Homan Reports
The Trump administration has located 62,000 children who entered the U.S. unaccompanied under the previous administration, according to border czar Tom Homan. “Some of these children were in sex trafficking—we found them. Some were in forced labor, some were being mistreated—I can’t even discuss some of the mistreatment we found out about,” Homan said Sunday on Fox News’ “Fox & Friends Weekend.” “President [Donald] Trump, again, proves why…Virginia Allen -
- Opinion
Democrats Prioritize Welfare Over National Security
Few speak the truth as clearly and succinctly as House Speaker Mike Johnson. Appearing on ABC’s “This Week” this past Sunday, co-host Jonathan Karl challenged the speaker’s calling the recent “No Kings” rallies “Hate America Rallies” and calling them “the modern Democratic Party.” Johnson, R-La., responded that “there is a rise of Marxism in the…Star Parker -
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Shutdown Will Disrupt Air Travel, Transportation Chief Warns
Secretary of Transportation Sean Duffy delivered a stern message at the Capitol on Thursday: The federal government shutdown is already putting a strain on air traffic controllers, and the problem will only get worse until the government reopens. “Next Tuesday is the first paycheck that [air traffic controllers] will not receive for the work that…George Caldwell -
- Opinion
Commerce’s 50% Rule Is a National Security Victory
In late September, the Trump administration’s Commerce Department delivered a major victory for American national security. In one fell swoop, the department closed thousands of loopholes in the U.S. export control regime, which restricts access to U.S. technology by China and other foreign adversaries. This action, commonly called the “50% rule,” will enable U.S. national…Bryan Burack -
- Opinion
Treasury Secretary Bessent Tells Miranda Devine Why Soros Funds Rogue Prosecutors, Sort Of
If no one supports crime, why do activists fund candidates for office who, once elected, implement policies that enable it? If anyone would know the answer, it should be Treasury Secretary Scott Bessent, who, earlier in his impressive career, worked closely with George Soros, the notorious funder of the rogue prosecutor movement. Over the past…Cully Stimson -
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Bessent Warns Tariff Refunds Would Hurt Treasury, Vows Trump Has ‘Other Avenues’ if Supreme Court Strikes Down Powers
Treasury Secretary Scott Bessent joined NBC’s “Meet the Press” Sunday where he said he is “confident” the Trump administration will prevail in the Supreme Court regarding President Donald Trump’s ability to institute tariffs. A 7-4 ruling from a federal appeals court in August declared that most of Trump’s tariffs are illegal according to the International…Olivia Pero