GOP senators defend Federal Reserve's decision

The Hill - Sep 18, 2026

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story GOP senators rebuff Trump attacks on Federal Reserve President Trump’s sharp criticisms of the Federal Reserve's decision to raise interest rates are making some Republicans uncomfortable. © Alex Brandon, Associated Press Trump declared that “Interest Rates...

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Scott, Baldwin ask FTC to investigate Amazon, Walmart AI over 'Made in USA' fraud detection

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Sens. Rick Scott (R-Fla.) and Tammy Baldwin (D-Wis.) sent a letter Thursday to Federal Trade Commission (FTC) Chair Andrew Ferguson and FTC Commissioner Mark Meador surrounding alleged anticompetitive practices by Walmart and Amazon regarding “Made in the USA” products. “We write to request that the Federal Trade Commission ... investigate alleged anticompetitive practices by Amazon...

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While President Trump has not publicly criticized Federal Reserve Chair Kevin Warsh for the central bank hiking interest rates on Wednesday, the move was still the opposite of what the president wanted. “I’m relying on Kevin. But he’s got … a very tough board,” Trump told reporters in North Carolina on Wednesday, adding interest rates are “too high.”...

Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low

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Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low

WASHINGTON (AP) — The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security. The Labor Department reported Thursday that jobless claims slid to 196,000, the fewest since mid-July and down from 206,000 the week before. The four-week average of claims, which...

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