Scott Horsley
👤 SpeakerAppearances Over Time
Podcast Appearances
The rules are designed to avoid the appearance that Fed officials are trading on inside information.
Kugler says the trades were made by her husband, without her knowledge.
News of the stock trades may explain Kugler's decision to quit the Fed in August, almost six months before her term expired.
Her resignation gave President Trump an early opening to install White House economist Stephen Myron on the Fed board, where Myron has echoed the president's call for more aggressive interest rate cuts.
Scott Horsley, NPR News, Washington.
The September jobs report was almost complete and supposed to be rolled out six weeks ago, when the economists who produced the report were abruptly furloughed by the government shutdown.
The Labor Department says the jobs report will come out next Thursday, showing how many jobs employers added in September, as well as the unemployment rate.
The timing of other key government releases is still up in the air.
During the six-week shutdown, the government was forced to postpone a slew of economic reports, including news of October's job growth, inflation, retail sales, and GDP.
Government number crunchers say they're still figuring out how long it will take to make up for the missing data, and they thank people for their patience.
Scott Horsley, NPR News, Washington.
The September jobs report was almost complete and supposed to be rolled out six weeks ago when the economists who produced the report were abruptly furloughed by the government shutdown.
The Labor Department says the jobs report will come out next Thursday, showing how many jobs employers added in September as well as the unemployment rate.
The timing of other key government releases is still up in the air.
During the six-week shutdown, the government was forced to postpone a slew of economic reports, including news of October's job growth, inflation, retail sales, and GDP.
Government number crunchers say they're still figuring out how long it will take to make up for the missing data, and they thank people for their patience.
Scott Horsley, NPR News, Washington.
Investors are rethinking some of their earlier excitement over the artificial intelligence boom.
Both the Dow and the S&P 500 index dropped nearly 1.75 percent on Thursday and
while the tech-heavy Nasdaq fell 2.3%.