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AP FACT CHECK: Trump on FBI, phantom law on migrant kids
WASHINGTON (AP) — President Donald Trump is claiming exoneration in the Russia matter from a Justice Department report that actually offers him none. He's also branding fired FBI chief James Comey a criminal, though the report in question makes no such accusation. Fallout from the internal report by the...
Why many Americans aren't benefiting from robust US economy
WASHINGTON (AP) — "The economy," Federal Reserve Chairman Jerome Powell declared this week, "is doing very well." And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960's. Consumers are spending. Taxes are down. Inflation is tame. Factories are busy. Demand for...
Trump celebrates 72nd birthday _ his second while in office
WASHINGTON (AP) — It's President Donald Trump's 72nd birthday, his second while in office. White House press secretary Sarah Huckabee Sanders quipped Thursday: "If I do say so, I don't think he looks a day over 35." She added: "A little sucking up's probably never bad." Trump's elder daughter and senior...
Weak pay growth puzzles Fed chief, just like everyone else
WASHINGTON (AP) — Halfway through a news conference Wednesday, the head of the world's most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people finally start getting meaningful pay raises? Jerome Powell, the...
Fed raises key rate and sees possible acceleration in hikes
WASHINGTON (AP) — The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases. The Fed now foresees four rate hikes this year, up from the three it had previously...
The Latest: Fed uncertain on banking for marijuana firms
WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 3:20 p.m. Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses. Marijuana usage is permitted in some states, but not by federal...
3 things to watch for from the Federal Reserve on Wednesday
WASHINGTON (AP) — No one will likely be surprised by the announcement the Fed is set to make when its latest policy meeting ends Wednesday: That it's raising its key short-term interest rate for the second time this year. Economists from the nation's largest securities firms were unanimous in an outlook...
AP FACT CHECK: Trump ignores strong points in US trade
WASHINGTON (AP) — President Donald Trump is presenting a skewed portrait of how the world does business with the U.S to rationalize his escalating trade dispute with allies. At the same time, he's glossing over aspects of the U.S. economy that don't support his faulty contention that it's the best it's...
AP FACT CHECK: Trump's bottom-line stats on trade are wrong
WASHINGTON (AP) — President Donald Trump is using some goosey numbers to rationalize his aggressive rhetoric on trade, disregarding strong points in U.S. competitiveness to paint a dark portrait of a world taking advantage of his country. Conversely, he's glossing over aspects of the economy that don't...
How big is gig economy? Gov't study shows how little we know
WASHINGTON (AP) — Look around, and it seems more Americans are working outside traditional full-time jobs — whether as freelance graphic designers or independent contractors or Uber drivers. Or maybe not. A government report this week suggested that the proportion of such jobs hasn't budged in the...
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