Category: Banking and Financial Institutions

Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims

The New York Times – Business:
Research from the New York Fed confirms that U.S. companies and consumers are bearing tariff costs, despite the president’s assertions otherwise.
Federal Debt to Hit Record Levels, Budget Office Warns

The New York Times – Business:
President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
A Hawkish Kevin Warsh at the Fed Could Haunt Bessent

The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
Sell America Is the New Trade on Wall Street

Investors are increasingly souring on the United States, as illustrated by the declining dollar, the stalled stock market and rising government borrowing costs.
For Hassett, Loyalty to Trump Became a Liability in Fed Race

Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.
Trump Picks Kevin Warsh as Next Fed Chair

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
President Trump Wants Lower Rates. Warsh Could Have a Hard Time Delivering.

Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
Trump Picks Kevin Warsh as Fed Chair

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
Lukoil Gas Station Franchisees Caught in a Fight Between US and Russia

After the United States imposed sanctions on Russia’s two biggest oil producers, the ripple effects wreaked havoc on business for local franchisees.
Trump Is Expected to Announce Kevin Warsh as Fed Chair

President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”
Trump Expected to Announce Kevin Warsh as Fed Chair

President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”
A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom.

Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running low.