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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
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
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
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.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
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
Kudlow "well understands our policy" on trade, Ross said Thursday on CNBC's "Power Lunch. " "He wouldn't have taken the job just to be a thorn in the president's side."
Kudlow, a longtime CNBC contributor and friend of President Donald Trump, has extolled the virtues of free trade for decades. He publicly criticized Trump's protectionist moves in the White House just days before being tapped to succeed Gary Cohn as the director of the National Economic Council.
Cohn, a former Goldman Sachs executive, resigned less than a week after Trump announced tariffs on steel and aluminum imports.
Ross' comments to CNBC came moments after Trump signed a new executive memorandum saddling imports of Chinese goods with tariffs of up to $60 billion.
While Kudlow has not yet officially begun working in the Trump administration, Ross said he has already been involved in discussions on U.S. trade policy.
"He's well apprised of what we've been doing," Ross said of Kudlow. "In fact, Larry had dinner at my house with me and a bunch of other folks last night."
Ross conceded that he and Kudlow "may disagree on specific issues." But "overall, the president's policies are the president's polices, and it is our job to implement them," Ross said.