Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloane | Bloomberg | Getty Images Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t …
The Supreme Court struck down U.S. President Donald Trump’s tariffs on Friday, but the trade tax turmoil is far from over. Fallout over the ruling is already threatening to further strain global trade relations, and the U.S. economy is likely to suffer, economists told CNBC. In 6-3 decision, the high court ruled that President Trump …
U.S. President Donald Trump gestures as he speaks during a press briefing at the White House, following the Supreme Court’s ruling that Trump had exceeded his authority when he imposed tariffs, in Washington, D.C., U.S., January 20, 2026. Kevin Lamarque | Reuters The Supreme Court’s decision Friday to throw out a large number of tariffs …
Traders work at the opening bell on the floor of the New York Stock Exchange (NYSE) in New York, on February 20, 2026. Timothy A. Clary | Afp | Getty Images Stock Chart IconStock chart icon Dow Jones Industrial Average, 1-day The Supreme Court struck down most of Trump’s sweeping tariff policy under the International …
The Supreme Court on Friday struck down a huge chunk of President Donald Trump‘s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled six to three in the long-awaited decision. The ruling is …