Tony Romm

The first housing package in decades will take time to put into effect, testing the patience of families rankled by high prices.

The president’s announcement declared the bill to be “of minor importance” at the same time that House Republican leaders were heralding it as a major accomplishment.

The first housing package in decades will take time to put into effect, testing the patience of families rankled by high prices.

Live Updates: Trump Says He Won't Sign Housing Bill Until Lawmakers Pass Voter Identification Law

In twin rulings, the justices said President Trump could fire independent regulators for any reason but explicitly affirmed the Fed’s independence and said its leaders could not be fired at will.

The president promised to “take appropriate action immediately” against Lisa D. Cook, a Fed governor.

The economy added 57,000 jobs in June, the unemployment rate ticked down to 4.2 percent, and wage gains were solid.

The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.

The Consumer Price Index slowed to an annual rate of 3.5 percent in June during a lull in fighting with Iran. Also on Tuesday, Kevin M. Warsh, the Fed’s chairman, testifies in Congress about the threat higher energy prices pose to the economy.

EDITORS NOTE: With: ECON-INFLATION, FED-WARSH, INFLATION-DATA-IMPACT, BANKS-EARNINGS, MIDEAST-ECON-RDP