Monetary policy, labor strife, and inflation—the world of business and economics was busy in 2024.

Some of the prominent names in economic policymaking have held the position, which advises the president on U.S. and global economic policy.

‘Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling,’ Trump said.

Goods inflation slowed, but prices for services spiked.

‘The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,’ Trump said.

Upward revisions to consumer spending and exports lift the third-quarter GDP growth rate.

‘Today’s Fed announcement put more uncertainty on the table,’ an investment adviser said.

The Federal Reserve expects fewer interest rate cuts in 2025 as inflation pressures weigh on monetary policy.

‘We will know if we ate all the Christmas cookies before Christmas Eve,’ said Mark Malek, chief investment officer at Siebert Financial.

Consumer delights might get more expensive in 2025.