All writers

Courtenay Brown

www.axios.com
30
articles (90 days)

Recent articles

Warsh signals steady Fed outlook despite inflation jump
Federal Reserve chairman Kevin Warsh said Friday that the economy has largely performed as expected since September's rate hike, hinting that little has changed in the central bank's outlook.Why it...
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New inflation warning sign
America's inflation problem is becoming harder to contain, with new evidence Wednesday that price pressures are extending beyond the war-related energy shock rattling the global economy.Why it matt...
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Inflation heats up as gas prices surge
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/AxiosU.S. inflation picked up in September as soaring energy prices added to already stubborn price pressures, the Labor Department said on ...
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Bank of America hit with $1.2 billion penalty over money laundering allegations
The Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report suspicious transactions and address shortcomings in its anti...
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Europe's alternative to Trump's China trade war
Europe is testing a new response to China Shock 2.0, betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach.Why it matters: More of th...
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Two U.S. professors win Nobel prize in economics
Stanford University's Robert E. Hall and Columbia University's Michael Woodford won the Nobel Prize in economics for research on how policymakers can stabilize economies, the Royal Swedish Academy ...
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Labor Department marks low layoffs milestone
Data: U.S. Department of Labor; Chart: Courtenay Brown/AxiosNew applications for unemployment benefits have stayed below 200,000 in a stretch rarely seen in modern history.Jobless claims fell by 2,...
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SF Fed president: AI demand could extend energy shock
Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells ...
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Trump's economic tightrope messaging of strong economy, high prices
President Trump's economic officials acknowledge that a strong economy alone will not persuade Americans that they are better off under this president.Why it matters: The administration is trying t...
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The Fed's long-term interest rate problem
The relentless rise in long-term interest rates is starting to have effects on more parts of the economy, Kansas City Fed president Jeff Schmid told Axios Thursday."You're starting to see some fric...
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The world opinion shifts on trade
More countries are buying into a core piece of President Trump's argument about what is broken in global trade, even as his tariffs rattle the world economy.Why it matters: Two major agreements ove...
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The world opinion shifts on tariffs
More countries are buying into a core piece of President Trump's argument about what is broken in global trade, even as his tariffs rattle the world economy.Why it matters: Two major agreements ove...
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Fed watchdog clears former chair Powell in renovation probe
A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on...
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Midterm pocketbook pain bites Trump
Illustration: Maura Losch/AxiosFive weeks before the midterms, Americans' pocketbook pain is getting worse: paychecks haven't kept up with inflation for the better part of this year, and borrowing...
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The economic legacy of the Biden immigration surge
The historic immigration surge that reshaped the U.S. population after the pandemic left a big imprint on the economy: boosting growth with surprisingly little disruption to native-born workers — b...
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AI's never-before-seen capital grab
A new analysis of the AI buildout shows its staggering scale: $10.3 trillion in estimated AI infrastructure investment through 2032.That amounts to 3.6% of GDP a year, dwarfing the investment booms...
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Trump bans some Canadian imports as North America trade war intensifies
President Trump said the U.S. would ban Canadian alcohol, some dairy products and large motorcycles, sharply escalating a trade war largely fought with tariffs.Why it matters: The measures deepen t...
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Trump's next trade weapon
Trump is reaching for a more drastic trade war weapon, with new threats to shut foreign goods out of the U.S. altogether.Why it matters: It would mark a significant evolution of the administration'...
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America's jobs scare recedes
The labor market looks considerably healthier than it did at the start of the summer.Why it matters: Friday morning's jobs report recast the last two months as a period of modest job growth rather ...
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What higher interest rates are telling us
Data: Federal Reserve; Chart: Neil Irwin/AxiosThe bond sell-off and the resulting higher interest rates are largely a story of higher growth prospects in the United States, Treasury Secretary Scott...
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Bessent met with Russian counterpart at G20
Treasury Secretary Scott Bessent met with Russian Finance Minister Anton Siluanov on the sidelines of the G20 Monday, a striking sign of the Trump administration's willingness to reopen high-level ...
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Exclusive: Bessent calls for less regulation to help small banks
Treasury Secretary Scott Bessent made a case for lighter financial regulation at the G20 finance ministers gathering Monday, arguing to CEOs that post-crisis rules have squeezed small banks, accord...
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The case for the U.S. dollar's digital edge
New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar.But new research presented at the Jackson Hole sympos...
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Escalated U.S.-Canada trade talks threaten fallout
America's path to lower inflation depends in part on trade wars and actual wars becoming less economically disruptive. In recent days, both have taken turns that threaten the opposite.Why it matter...
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Trump finds tamping down costs to be tricky
President Trump is reaching deeper into individual markets to try to ease consumer price strains.Why it matters: The administration is under mounting pressure to deliver relief as affordability bec...
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U.S. trade chief calls trying to change China's economy "crazy"
As Europe grapples with its own China shock, the U.S. has largely given up on trying to persuade Beijing to change the export-heavy economic model that's helping fuel it.It's a sharp break from yea...
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Trump pauses 50% tariffs on Canadian goods for 3 days
President Trump said Tuesday night he is pausing for three days 50% tariffs on billions of dollars worth of Canadian goods that were set to take effect early Wednesday. Why it matters: It follows a...
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America's debt is getting more expensive
Governments around the world are entering a new era of higher borrowing costs already deeply indebted. More revenue will go toward interest payments as old debt gets refinanced at today's higher ra...
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Why prescription drug prices are plunging
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/AxiosAmerica is experiencing its biggest prescription drug price deflation in generations. Why it matters: By one important measure, there i...
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Trump wins legal battle to keep cheap imports subject to tariffs
A federal trade court ruled Thursday that President Trump can block cheap imports — including from Chinese retailers like Temu and Shein — from entering the U.S. tariff-free. Why it matters: It's a...
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