The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

The Federal Reserve’s premature victory lap over inflation reveals a worrisome misunderstanding of the predicament we still find ourselves in. Unprecedented government spending and debt, combined with mounting fears that the debt can’t (or won’t) be repaid,

The Fed’s top bank cop, Michael Barr, is stepping down early to avoid a legal battle with Trump. If the Federal Reserve is politicized and weakened, the winners will be large financial institutions and the losers will be all of us. Unfortunately, that’s already happening before President-elect Donald Trump is even sworn in.

Financial markets are still concerned about inflation. The Fed influences short-term interest rates, which are falling, but longer-term bonds like the 10-year Treasury are a better reflection of inflation expectations.

Mr. Bessent and Stephen Miran, Mr. Trump’s choice to lead his Council of Economic Advisers, have argued that broad-based tariffs will not cause inflation because U.S. tariffs tend to cause the value of the dollar to rise, offsetting the duties by making imports effectively cheaper.

U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year.

The National Treasury Employees Union argues a move to “radically reshape the civil service” by making it easier to fire federal workers violates the will of Congress.

Here’s what we know so far about President Trump’s executive order on requiring federal employees to return to work in person full-time.

U.S. bond yields were falling Tuesday morning as Treasurys rallied on President Donald Trump’s decision to not immediately announce a swath of tariffs on U.S. imports.

President Trump wasted no time in getting to work on his first day in office with a range of executive orders but the fiscal house he’s inheriting may prove more challenging to fix.

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