foxbusiness.com / .foxbusiness-com-economy / Page 3

National Economic Council Director Kevin Hassett says Federal Reserve monetary policy should remain independent from political influence, including from President Donald Trump.

The $1.79 billion Powerball jackpot won in Missouri and Texas reflects how Federal Reserve interest rates boost lottery annuity payouts compared to lump-sum options.

U.S. tariff revenue reached $31.4 billion in August as the Trump administration faces legal challenges over trade duties imposed through emergency powers.

Treasury Secretary Bessent on Sunday dismissed claims that tariffs harm American businesses and consumers, arguing that Trump's trade policy needs more time.

Bank of America Institute data shows small business hiring slowed 6.7% year-over-year as of July as tariff payments by importing firms surged nearly 170% since early this year.

Trump's budget officials project 50% deficit reduction over 10 years, though outside analysts warn the forecast relies on aggressive assumptions that may prove difficult.

The Labor Department's August jobs report revealed immigrant worker employment declined by 822,000 since last year while U.S.-born worker employment rose by 2.76 million.

About 725,000 vehicles with "Do Not Drive" recalls remain on roads, concentrated in California, Texas, Florida and Arizona according to CARFAX data.

Don't hang your hat on tomorrow's jobs report, the economy is doing better than you think ...

OpenAI announced a new AI certification initiative to help workers gain valuable AI skills with Walmart as a launch partner for the expanded training program.