Federal Reserve Chair Jerome Powell says he didn't major in economics because he saw it as 'boring and useless'

Tech Insider : Economy, Politics, Business
Fed Chair Jerome Powell
Federal Reserve Chairman Jerome Powell is a graduate of Princeton University.

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Stocks tanked after the Fed signaled fewer rate cuts next year. Here's what analysts are saying.

Tech Insider : Economy, Economy, Business
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Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.

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Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams

Tech Insider : Economy, Politics, Business
Elon Musk
Elon Mush and Vivek Ramaswamy have floated "deleting" entire agencies, laying off staff, and enforcing return-to-office mandates to cut costs.

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The fight over Jerome Powell puts Elon Musk at odds with Wall Street

Tech Insider : Politics
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Elon Musk has signaled support for undercutting Fed independence, setting off quiet alarm bells on Wall Street.

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Inflation heated up in October as expected

Tech Insider : Economy, Economy
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Bank bosses aren't worried about lower interest rates — and even see some upside

Tech Insider
Citigroup Latin America CEO Jane Fraser
Citigroup CEO Jane Fraser highlighted some potential benefits of lower interest rates this week.

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A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

Tech Insider : Economy, Economy
Recession

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A researcher who studied Trump's plans to control the Fed said it could tank the economy

Tech Insider : Politics
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An economist said that undermining the independence of the Fed could shrink the American economy and cause capital to flow to other countries.

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Elon Musk is $100 billion richer than in April thanks to Tesla's stock surge — and worth more than McDonald's or Pepsi

Tech Insider
Elon Musk.
Tesla CEO Elon Musk has added over $100 billion to his fortune since April.

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How do you feel about the economy? It depends on whether you own stocks.

Tech Insider : Economy, Economy
A price tag with the American flag on it
Americans who own stocks are feeling much better about the economy than people who don't.

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