"It's extremely important when watching inflation to take a through line, not follow every blip up and down," Chicago Fed President Austan Goolsbee told AFP Wednesday. "In my mind, overall, the conditions have not changed." www.france24.com/en/live-news...

Happy Fed Day to all who celebrate: The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals: www.france24.com/en/live-news...

US President-elect Donald Trump on Monday praised Japan's SoftBank after it announced plans to invest $100 billion in the United States and create 100,000 new jobs in a big early win for his incoming administration: uk.finance.yahoo.com/news/softban...

Trump taps Republican FTC member Andrew Ferguson to be the next chair of the agency, replacing Lina Khan

Everything's going to be just fi...https://www.noaa.gov/news-release/arctic-tundra-becoming-source-of-carbon-dioxide-emissions

NEW: Cleveland Fed President Hammack says her current expectation is for "about one reduction in the Fed funds target range between now and the end of January and only a few cumulative reductions by the end of 2025." www.barrons.com/news/us-faci...

TikTok faces a US ban after an appeals court on Friday rejected its challenge to a law requiring the video-sharing app to divest from its Chinese parent company by January 19 ➡️ u.afp.com/5Cnc

Fed Governor Christopher Waller said Monday he is leaning toward supporting a December rate cut: www.france24.com/en/live-news...

Trump announces former CEA chair Kevin Hassett to be his next NEC Director:

Courtesy of my colleague in D.C.: "Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.” finance.yahoo.com/news/scott-b...

👇🏼

Nothing but top quality snacks at AFP.

It’s official: Trump taps hedge fund executive Scott Bessent for Treasury Secretary

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#UPDATE Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN COP29 climate talks extended into overtime ➡️ u.afp.com/5Vb6

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NEW: The Fed should be careful not to cut rates "too quickly" and risk reigniting inflation, Michelle Bowman said Wednesday. finance.yahoo.com/news/us-fed-...

US Fed Vice Chair for Supervision Michael Barr says he won't step down early if asked, echoing Jerome Powell's comments early this month: "As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office." (His term as a Fed vice chair ends July 2026.)

Despite a massive head start, BlueSky has now overtaken Threads in the US 👇

NEWS, via Truth Social: US President-elect Trump taps Howard Lutnick for Commerce Secretary

Busy day at the office today:

That’s a lot of PR specialists! (On an unrelated note, my DMs are open for pitches and tips…)

Crispy cold and beautiful this morning at Bryce Canyon National Park. #travel #utah #photography

From my (lucky!) colleagues in Rio: Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House. www.hindustantimes.com/world-news/g...

Tough time in the news business

interesting chart from Goldman's Hatzius last week on relation between tariffs and goods prices in the US during the last trade war >>

Reminder that you can follow my @afpnews.bsky.social colleagues over here:

New Pew study finds that around one-in-five Americans said they regularly get news from influencers on social media, rising to 37% for adults under the age of 30. Close to 80% of news influencers have "no affiliation or background" with a news organization. www.pewresearch.org/journalism/2...

From my colleagues in Lima: Chinese President Xi Jinping said he was ready to work with Donald Trump's new administration for a "smooth transition" in bilateral ties, as he met outgoing President Joe Biden for the last time. www.yahoo.com/news/xi-bide...

From my colleagues in Frankfurt: The vice president of the ECB said Monday that Donald Trump's spending plans risked inflating the US government's budgetary deficit and spreading concern in the financial markets: www.barrons.com/news/ecb-say...

Important news from the other place:

NYT reporting that Former Fed Governor Kevin Warsh and Apollo CEO Marc Rowan are in the mix for Treasury Secretary

NEWS: Trump taps Brendan Carr to be Chairman of the FCC

My colleague @daveclarkreports.bsky.social has helpfully compiled a list of other @afpnews.bsky.social reporters on here: go.bsky.app/SGVRex4

"Just when we think there is nothing left to discover on planet earth, we find a massive coral made of nearly one billion little polyps, pulsing with life and colour," marine ecologist Enric Sala said.

Post a picture you took (no description) to bring some zen to the timeline

Even the D.C. Metro is here

Chicago Fed President Austan Goolsbee has arrived

Today in relatable science: Gulls making a mysterious daily trip that turned out to be to a potato chip factory

Wholesome content alert

Chart of the day from the Fed. All is not well in the office space.

Bluesky seems a little busier these days, so here goes: Follow me for news about the world’s largest economy! I’ll use this space to post about my work as US Economics Correspondent for @afpnews.bsky.social, and anything else I find interesting along the way. Feedback and tips always welcome.