President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
Category: Regulation and Deregulation of Industry
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Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
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Covid Vaccine Opponent Tapped to Lead Federal Review Team
Panel members have been given a broad mandate, despite pleas from C.D.C. employees asking Robert F. Kennedy Jr. to stop spreading misinformation.
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Walmart Recalls Frozen Shrimp After Radioactive Contamination Warning
The Food and Drug Administration urged consumers to discard packages of frozen shrimp sold in 13 states. A food safety expert said the risk to the public was low.
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Fed Officials Split Over How to Read Economic Signals
Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.
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TV Giant Nexstar Agrees to Acquire a Rival, Tegna, for $6.2 Billion
To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.
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Why Did Shari Redstone Give Up Control of Paramount?
The media mogul spoke at length for the first time about selling her family’s empire, Paramount’s settlement with President Trump — and getting her reputation battered along the way.
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Environmental Groups Face ‘Generational’ Setbacks Under Trump
As President Trump dismantles the country’s efforts to fight climate change, environmental groups are back on their heels.
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MAHA Draft Report Brings Relief to Some, Chagrin to Others
A draft of an upcoming White House report on children’s health was not as harsh toward the agriculture industry as some of Robert F. Kennedy Jr.’s allies had hoped.
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Trump Warns of Economic Disaster if Court Strikes Down Tariffs
The president has crowed about the billions of dollars collected so far from tariffs. That money could be at risk if the White House loses the legal battle.
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Trump Has Made Himself Commander in Chief of the Chip Industry
President Trump has become the semiconductor sector’s leading decision maker, from new fees on exports to China to a brief demand for a C.E.O.’s firing.