Dan Burns

New York

Economics and Markets Editor at Reuters

Editor at Thomson Reuters

Reuters

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Articles

Pharma imports to US surged in March as drugmakers look to avoid tariffs

1 week ago | today.westlaw.com | Dan Burns |Bill Berkrot |Michael Erman |Caroline Humer

NEW YORK (Reuters) -Pharmaceutical imports to the U.S. surged in March as drugmakers stocked up ahead of potential U.S. tariffs on their products, which have historically been exempt from such fees.
US Federal Employment Drops Again as DOGE Cuts Stack Up

1 week ago | money.usnews.com | Dan Burns

(Reuters) -The ranks of U.S. government workers fell for a fourth straight month in April with non-postal employment falling by 8,500 as President Donald Trump and adviser Elon Musk aim for drastic cuts in the federal workforce. With the latest reductions, reported on Friday in the monthly nonfarm payrolls report from the Bureau of Labor Statistics, federal government non-U.S. Postal Service employment has declined by more than 23,000 so far this year.
Bond market thinks Fed should cut rates, Treasury's Bessent says

1 week ago | today.westlaw.com | Susan Heavey |Chizu Nomiyama |Dan Burns |Toby Chopra

WASHINGTON (Reuters) -The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank's...
BOJ's Ueda Keeps Rate-Hike Pledge but Warns of US Tariff Impact

2 weeks ago | gurutrade.com | Leika Kihara |Dan Burns

BOJ will keep raising rates if inflation heads for 2%, Ueda says BOJ to scrutinise how data affects likelihood of meeting target No divergence in policymakers' view on tariff impact on growth BOJ set to keep rates steady next week, cut growth f'casts WASHINGTON, (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected.
Tariffs may mean more US steel jobs. Will there be workers to fill them?

3 weeks ago | today.westlaw.com | Claudia Parsons |Howard Schneider |Timothy Aeppel |Dan Burns

BLYTHEVILLE, Arkansas (Reuters) - Thomas Reisinger commutes almost an hour-and-a-half each way for a job in a cavernous steel processing plant here. Some of his coworkers come from much farther, including one who spends...
Can Donald Trump fire chair of US Federal Reserve Jerome Powell as spat deepens and markets slide?

3 weeks ago | independent.ie | Dan Burns

Can Donald Trump fire chair of US Federal Reserve Jerome Powell as spat deepens and markets slide? US President Donald Trump looks on at Jerome Powell, chairman of the US Federal Reserve.
What’s known about whether Trump can fire Powell from the Fed

3 weeks ago | timeslive.co.za | Dan Burns

The Wall Street Journal reported last week that US President Donald Trump has discussed firing Federal Reserve chair Jerome Powell. US President Donald Trump on Monday kept up his verbal assault on Federal Reserve chair Jerome Powell over the Fed's refusal to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the central bank chief over the matter. Whether Trump has the authority to do so is unclear.
Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

3 weeks ago | marketscreener.com | Dan Burns

(Reuters) -Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy independent of political pressure is questioned.
Trump studying whether to fire Fed Chair Powell, adviser says

3 weeks ago | today.westlaw.com | Andrea Shalal |Franklin Paul |Dan Burns |Lisa Shumaker

WASHINGTON (Reuters) -White House economic adviser Kevin Hassett on Friday said President Donald Trump and his team were continuing to study if they could fire Federal Reserve Chair Jerome Powell, a sign that such a move, a matter of great...
Trump has discussed firing Fed’s Powell with Warsh, eyed as possibe successor, WSJ says

3 weeks ago | wdez.com | Dan Burns

(Reuters) – President Donald Trump has privately discussed firing Federal Reserve Chair Jerome Powell for months and talked about it with former Fed Governor Kevin Warsh, including the possibility of then selecting Warsh as Powell’s replacement, the Wall Street Journal reported on Thursday. Warsh has advised against trying to fire Powell, arguing that he should let the Fed chair complete his term without interference, the Journal reported, citing unnamed people familiar with the matter.