In an internal memo to staff on Friday, Jerome H. Powell, the chair of the central bank, said the institution would offer a voluntary deferred resignation program.
Category: Regulation and Deregulation of Industry
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Data Centers’ Hunger for Energy Could Raise All Electric Bills
Individuals and small businesses may end up bearing some of the cost of grid upgrades needed for large electricity users, a new report found.
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Can Paula Kerger Keep PBS on the Air Amid Threats from Trump and Congress?
Paula Kerger, the chief executive of PBS, is used to fights over the public broadcaster’s funding. But to her, the latest threats feel like “all-out effort to take us out.”
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S.E.C. Investigating Whether Coinbase Misstated Its User Numbers
The inquiry continued even after the commission dropped a lawsuit accusing Coinbase of illegally marketing digital currencies to the public.
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Trump Budget Cuts Hobble Antismoking Programs
The elimination of a key C.D.C. office has slashed funding to states for help lines used by thousands to stop smoking and vaping.
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What Is ‘Debanking’? How the Right to a Bank Account Became Political.
There is a degree of political agreement over so-called debanking, but no easy answers to the hot topic in Washington.
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Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42
The firm, which the U.S. government scrutinized for its ties to China, is angling for hundreds of thousands of advanced artificial intelligence chips in a deal that could be finalized this week.
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Trump Signs Executive Order Asking Companies to Lower Drug Prices
The president has long complained that the United States pays more for medicines than other wealthy countries. But he offered no clear legal authority to mandate lower prices.
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Crypto Bill Stalls in the Senate as Democrats Balk
Democratic supporters of the measure to regulate parts of the industry refused to allow it to move forward amid concerns in their party that President Trump and his family are profiting from cryptocurrency.
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The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
The U.S. central bank is set to reinforce its wait-and-see approach at its meeting this week as President Trump’s tariffs begin to bite.
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Car Prices Expected to Rise as Tariffs on Parts Kick In
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.