Federal Reserve Bank of New York

The country described by the Democrats running for president is mired in child poverty, riven with economic unfairness and broken in its approach to health care, crime and guns. The country presented by President Donald Trump is roaring and ascendant — and, hey, how about those moderating prescription drug prices? The reality, of course, is more complex than this tale...

President Donald Trump officially opened his 2020 campaign Tuesday with a speech exaggerating what he’s done for the economy and against illegal immigration.

President Donald Trump officially opened his 2020 campaign Tuesday with a speech exaggerating what he’s done for the economy and against illegal immigration.

President Donald Trump raised pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods in a tweet that sent financial markets swooning. Trump’s comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has shaken investors and cast gloom...

A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren’t as likely as they once were to feel they belong...

On Monday, the Trump administration released several proposed changes to the Higher Education Act, which is in the early stages of reauthorization by Congress. The proposal recommends reducing the number of federal loan repayment options and capping the amount of student loans that parents and graduate students can take on. Currently, Americans owe roughly $1.5 trillion in student loans, a...

Your credit report might be getting a makeover. And the three-digit credit score we all carry around, which can determine how likely we are to get a favorable loan to buy a house or a car, could be moving up as a result. The reason behind the potential boost is a change in the way the three major credit rating...

U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession.

Americans finally got a raise last year after eight years of stagnating incomes. The typical U.S. household’s income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday. Even with the solid gain, that remains below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households...