US workers' share of economy falls to record low of 51% of GDP: Commerce Dept data shows declining labor income.
Workers' compensation as a share of the U.S. economy fell to a record low of 51% of GDP, according to the Commerce Department.
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Jerome Powell says politicizing the Federal Reserve would erode public trust and cautions that democratic institutions are being tested.
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Jerome Powell warns Fed independence at risk if presidents can fire officials over policy disagreements. The former chair said the central bank's credibility to support the economy would be undermined.
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