Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Tech trade organizations on Wednesday pushed back at a new bill proposed by Sen. Josh Hawley, R-Mo., that would fundamentally alter the business models of tech companies such...Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
New York Mayor Bill de Blasio and Sen. Cory Booker, D-N.J., both denounced Biden by name in a break with the practice most Democrats have followed on the trail thus far. De...Politicsread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Donald Trump used Twitter late Wednesday to slam the union chief who had sharply criticized the President-elect's claims to have saved more than 1,000 jobs at the Carrier plant in Indianapolis, and set off a war of words over who best represents American workers.
Chuck Jones, president of the United Steelworkers 1999 that represents workers at Carrier, apparently attracted Trump's ire for a Dec. 6 Washington Post article that quoted Jones as saying the terms of deal with Carrier parent firm United Technologies were less than originally sought.
Jones also reportedly said Trump "lied his a-- off" about the terms at a press conference on Dec. 1.
In response, Trump used Twitter on Wednesday to call Jones ineffective.
Jones had cited comments made by Trump during the presidential campaign in which the President-elect stated that he aimed to save the jobs of 1,350 workers, but instead announced on Dec. 1 that only 1,100 jobs would stay in Indiana.
Jones said that in truth, the deal saved only 730 of the production jobs and that 550 workers would still be fired.
Jones told CNBC late on Wednesday that while he appreciated "everything Mr. Trump did" to save some jobs, "at the same time he misled us into believing something that is not true. "
""I was right about calling him (Trump) out. I stand behind what I've said," Jones added. "People got false hope that he saved 1,100 jobs, when that's not the truth. He completely left out the truth that it was only 800 jobs."
Trump, however, did not stop at one tweet attacking the union, updating his feed on the issue about an hour later.
That claim prompted a stream of responses, including from New York City Mayor Bill De Blasio.
And Randi Weingarten, president of the American Federation of Teachers, once of America's highest-profile unions, tweeted:
Meanwhile, Jones himself told NBC News that he was being abused by Trump's supporters - abuse that ramped up after the president-elect's Wednesday night tweets.
"I'm getting threats and everything else from some of his supporters," the union boss said. "I'm getting them all day long - now they're kicked up a notch."
When asked the nature of the threats, Jones said: "You name it. They haven't threatened to kill me, but they know I have children. They say - watch yourself."
But Jones said he was ready to continue sparring with the next U.S. commander-in-chief. "If (he) wants to do a battle of words, I stand behind my statements."
Jones had met with Indiana Governor Mike Pence in March for talks on how to avoid job losses at the Carrier plant. Pence, who is now also Trump's vice president-elect, said at the time that he was working with the union to save the jobs.
- Phil LeBeau contributed to this report.
Follow CNBC International on and Facebook.