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Economy

Trump names former Federal Reserve official Warsh as the next Fed chair to replace Powell

By CHRISTOPHER RUGABER
Jan 30, 2026 8:05 am - President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House.
Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

By CHRISTOPHER RUGABER
Jan 28, 2026 7:28 am - WASHINGTON — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times l...
Top US trading partners pledged to invest $5 trillion in America. These researchers have doubts.

By PAUL WISEMAN
Jan 27, 2026 3:06 pm - President Donald Trump has strong-armed many of America’s biggest trading partners into pledging trillions of dollars of investment in the United States. But a study out Tuesday raises doubts about whether the money will actually materialize and questions how it would be spent if it did.
Carney rolls his eyes at US Treasury secretary, telling Trump he meant what he said at Davos

By ROB GILLIES
Jan 27, 2026 10:22 am - Canadian Prime Minister Mark Carney said Tuesday he told U.S. President Donald Trump that he meant what he said in his speech at Davos, and told him Canada plans to diversify away from the United States with a dozen new trade deals.
Trump visits Iowa trying to focus on affordability during fallout over nurse's Minneapolis shooting

By SEUNG MIN KIM and HANNAH FINGERHUT
Jan 27, 2026 8:18 am - President Donald Trump is headed to Iowa on Tuesday as part of the White House’s midterm year pivot toward affordability, even as his administration remains mired in the fallout in Minneapolis over a second fatal shooting by federal immigration officers this month.
Investments in the manufacturing workforce are key to Illinois’ economic competitiveness

By Frank Manzo IV
Jan 24, 2026 12:52 pm - As artificial intelligence, automation, and new energy sources reshape our economy, Illinois’ manufacturing sector must also evolve.
Inequality and unease are rising as elite Davos event opens with pro-business Trump set to attend

By JAMEY KEATEN
Jan 19, 2026 9:57 am - The World Economic Forum, the think tank whose four-day annual meeting opens Tuesday, has a stated motto of “improving the state of the world," and this year's theme is “A spirit of dialogue.”
Illinois needs spending restraint to help businesses thrive in 2026

By Matt Paprocki
Jan 17, 2026 11:53 am - The Illinois General Assembly has returned for the 2026 session, and lawmakers already are debating subsidizing the Chicago Bears’ new stadium, making changes to Tier 2 pensions, addressing energy concerns and data centers, and even proposing new progressive income taxes.
Wage inequities persist in Illinois but have improved slightly, report shows

By JENNA SCHWEIKERT
Jan 16, 2026 12:14 pm - A 2021 amendment to the Equal Pay Act mandates certain Illinois businesses to report biannual wage and demographic data to the Department of Labor. The first analysis, based on three years of data, shows some improvement, but disparities remain the widest in low-wage and craft occupations. Researchers recommend expanding the reported data to get the full picture of wage equity in Illinois.
Elgin mayor stresses ‘stability’ in annual State of the City address

By Rick West
Jan 15, 2026 2:45 pm - Elgin Mayor David Kaptain told business leaders this week that the city’s focus on financial and governmental stability over the past 10 years will help them navigate the next 10.

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