President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S. illegally and with temporary protections once he takes office on Jan. 20, a challenging initiative that could split apart families and affect U.S. businesses.

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

Economic issues, particularly living costs, were front and centre in 2024 as some 2 billion people went to the polls.

Eric Trump, executive vice president of the Trump Organization and son of President-elect Donald Trump, recently shared his views on tariffs, inflation and Federal Reserve policy. Speaking exclusively with Benzinga‘s Bibhu Pattnaik,

Inflation fell worldwide in 2024, but voters expressed discontent with rising prices from past years, leading to the defeat of incumbent parties. Donald Trump’s re-election in the U.S. exemplified global political shifts amid economic woes.

Trump’s ability to project strength and assure voters that he would reduce inflation helped him win November’s election. Stocks initially climbed on the prospect of tax and regulatory cuts, but Trump still faces a skeptical public and appears to be starting his presidency from a more delicate position than Biden did four years ago.

The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.

At stake is inflation, immigration, China relations, Russia-Ukraine war, Israeli-Palestinian crisis and climate change - Anadolu Ajansı

He has promised to tame price increases. But even a president can only do so much.

President-elect Trump, in a major interview, pinpoints the key reason why he defeated Vice President Kamala Harris in the White House race was Americans' frustrations with high grocery prices

Despite making a promise of lowering prices on inflation a central part of his presidential campaign, and admitting that that promise was key to his being elected, Donald Trump is now waffling on whether that's even possible.