Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year.
Charles Rex Arbogast/AP
Mary Buchzeiger, CEO of Lucerne International, says President Trump's proposed tariffs on imports could destroy her Michigan-based company, which supplies automakers with parts mostly made in China. This week, she presented her case for an exemption from the tariffs at the International Trade Commission building in Washington, D.C.
Trader Edward Curran (right) works on the floor of the New York Stock Exchange on Monday. As Treasury yields topped 3 percent on Tuesday, the Dow Jones industrial average tumbled.
Steelworkers leave a plant at the end of their shift in Bethlehem, Pa., in 1947. Employment in the industry has declined by 80 percent from its peak six decades ago, according to author Douglas Irwin.
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A shopper makes a purchase at the J.C. Penney store in North Riverside, Ill., Nov. 17. U.S. consumer spending grew in the fourth quarter at its fastest pace in three years.