John Carney

Researchers at the Federal Reserve Bank of San Francisco examined major tariff changes from 1870 through 2020 across the United States, United Kingdom, and France. Their conclusion challenges the conventional wisdom that dominated economic policy debates in recent years: when countries raise tariffs, prices actually fall, not rise.
The post Fed Study Vindicates Trump Trade Policy: 150 Years of Evidence Shows Tariffs Lower Inflation appeared first on Breitbart.

The white collar workers in Brooklyn who elected Zohran Mamdani are experiencing the economic displacement felt by blue collar workers in the Rust Belt three decades ago. They are the natural next chapter of the Make America Great Again coalition.
The post Breitbart Business Digest: Brooklyn’s Unaffordable Professional Precincts Are America’s Next Rust Belt appeared first on Breitbart.

Each year, more of what Americans buy is made abroad, and more of what Americans earn comes from borrowing that replaces the income lost to trade. The system sustains itself not through productivity but through the continual creation of dollar assets.
The post Breitbart Business Digest: The Wealth of Foreign Nations Depends on America’s Endless Budget Deficits appeared first on Breitbart.

A federal judge has temporarily blocked the Trump administration from proceeding with mass layoffs of federal employees during the government shutdown, calling the move “unprecedented” and “the epitome of hasty, arbitrary, and capricious decisionmaking.”
The post Breitbart Business Digest: Judge’s Ruling Blocking Trump’s Shutdown Cuts Turns Federal Bureaucracy into a Protected Class appeared first on Breitbart.

For decades, American companies made a straightforward calculation: They would share their technology with Chinese partners in exchange for access to the world’s largest consumer market and its low-cost labor.
The post Breitbart Business Digest: How the U.S. Gave Away Its Technology Edge to China appeared first on Breitbart.

The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute.
The post Breitbart Business Digest: Tariffs Are Reducing Prices and Humiliating Economists appeared first on Breitbart.

Jimmy Kimmel might have hastened his exit by spreading falsehoods about Charlie Kirk’s assassin, but he was marching toward the end long before this week.
The post Breibart Business Digest: The Real Reason Kimmel Got the Boot appeared first on Breitbart.

A divided federal appeals court on Monday refused to let President Donald J. Trump immediately oust Federal Reserve Governor Lisa D. Cook, but a forceful dissent warned that the decision misapplied both constitutional law and common sense.
The post A Divided Appeals Court Blocks Trump From Removing Fed Governor appeared first on Breitbart.

Trump’s immigration enforcement has delivered something rare in American politics: a policy that does exactly what its supporters promised.
The post Breitbart Business Digest: Trump’s Immigration Enforcement Delivers Real Wage Gains for American Workers appeared first on Breitbart.

Lisa Cook, who was confirmed as a Governor of the Federal Reserve in 2022, wants a federal judge to do something no court has attempted in the Fed’s 112-year history: define what “for cause” means when a president tries to fire a Fed governor.
The post Breitbart Business Digest: Lisa Cook Makes Her Bid to Cling to the Fed appeared first on Breitbart.

The Trump administration’s decision to take a ten percent stake in Intel is not socialism. It’s a financing innovation designed to overcome Wall Street’s allergy to capital investment.
The post Breitbart Business Digest: Trump’s Intel Investment Isn’t Socialism appeared first on Breitbart.

The Fed needs someone at the helm who understands how growth happens, where policy fails, and why incentives matter more than slogans. That’s Scott Bessent.
The post Breitbart Business Digest: Why Scott Bessent Might Still Become Fed Chair appeared first on Breitbart.

The July jobs report was a disaster for the American worker, the U.S. economy, the Federal Reserve, and Jerome Powell.
The post Breitbart Business Digest: Trump Vindicated by Jobs Slump; Powell Humiliated appeared first on Breitbart.

The trade deal Donald Trump announced Sunday with the European Union is not just the death certificate of the old regime. It is also the birth certificate of a new era in international trade.
The post Breitbart Business Digest: The EU Trade Deal Is the Dawn of a New Era for Global Trade appeared first on Breitbart.

The Congressional Budget Office has released a new report laying out how it will evaluate budgetary proposals to end the government’s control of Fannie Mae and Freddie Mac.
The post Breitbart Business Digest: CBO Sees Fannie and Freddie Receivership as Best for Taxpayers appeared first on Breitbart.

Waller says that tariffs will not create lasting inflation and the Fed should cut at its meeting later this month.
The post Fed Governor Waller Backs Trump’s Calls for Immediate Rate Cut appeared first on Breitbart.

When Superman first appeared in Action Comics #1 in 1938, America wasn’t grappling with border policy or multiculturalism. It was staring down something more existential: a collapse in fertility.
The post Breitbart Business Digest: Superman and America’s Empty Cradles appeared first on Breitbart.

Businesses will be able to immediately deduct 100 percent of the cost of new “qualified production property,” including newly built American factories.
The post Senate Big Beautiful Bill Offers Full Expensing for U.S. Factories, Energy Projects Through 2026 appeared first on Breitbart.

The Supreme Court’s decision on Friday in FCC v. Consumers’ Research didn’t just preserve a telecom subsidy—it delivered a serious setback to efforts to dismantle President Trump’s trade agenda.
The post Breitbart Business Digest: The Supreme Court Just Torpedoed the Legal War on Tariffs appeared first on Breitbart.

Inflation is down, wages are up, and the stock market is hitting record highs.
The post Golden Age: Stocks Soar To Record Highs as Inflation Stays Cool, Trump Forges Middle East Peace, and Tax Deal Gains Steam appeared first on Breitbart.

Pre-tariff measures show subdued cost pressures despite trade tensions.
The post Import Prices Signal Low Inflation, China Reducing Prices To Fend Off Tariffs appeared first on Breitbart.

Trump’s threat of a 50 percent tariff on EU imports might actually help the European Union overcome its dysfunction.
The post Breitbart Business Digest: Trump Delivers Tariff Therapy for Europe, Threatens Harvard’s Foreign Cash Cows appeared first on Breitbart.

Many economists have successfully challenged the idea that budget deficits lead to higher trade deficits.
The post Breitbart Business Digest: Trump’s Tax Cuts Won’t Drive Up the Trade Deficit appeared first on Breitbart.

The supposed culprit of the import surge—consumer panic buying—simply isn’t real. Consumers are not front-running the tariffs, and that is good news.
The post Breitbart Business Digest: Consumers Aren’t Front Running Tariffs appeared first on Breitbart.

Larry Kudlow, Trump’s former NEC Director, points to business investment surge, tax policy tailwinds.
The post Kudlow Says Real GDP Is Booming Beneath the Surface of Q1 Data appeared first on Breitbart.

Removing Jerome Powell as Fed chair might not give Trump the interest rate cuts he wants.
The post Breitbart Business Digest: Even if Trump Fires Powell, the Fed May Still Defy Him appeared first on Breitbart.

Although President Trump’s announcement that some of the tariffs would be paused for 90 days got all the attention, the real fireworks began several minutes earlier, when the U.S. Treasury held its much-anticipated 10-year bond auction.
The post Even Before Tariff Relief, Global Bond Investors Rallied Behind Trump’s Trade Push appeared first on Breitbart.

The reciprocal tariffs are doing what they were meant to do: putting leverage on the table, shaking foreign complacency, and opening the door to new trade arrangements that better serve American workers and producers.
The post Breitbart Business Digest: Trump’s Tariffs Are Already Working appeared first on Breitbart.

The market, like a poker player who stayed in the hand far too long, seemed to be operating under the assumption that Trump would eventually fold.
The post Breitbart Business Digest: The Market Finally Realized Trump Meant It appeared first on Breitbart.

The notion that tariffs cause inflation has become a super-virus infecting the minds of President Trump’s critics, seemingly immune to the usual antibiotics of economic evidence and logic.
The post Breitbart Business Digest: Why Tariffs Do Not—and Cannot—Cause Inflation appeared first on Breitbart.