Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
Category: Trump, Donald J
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Crypto Industry Reaches Milestone With Passage of Genius Act
After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.
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U.S. Proposes Steep Tariffs on Critical E.V. Battery Material
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
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With One Call, Trump Alters the Fate of a Contested Power Project
Grain Belt Express, a transmission line that would cross 800 miles of the Midwest, is at the center of a number of disputes.
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Judge Scraps Rule Eliminating Medical Debt on Credit Reports
The Trump administration joined with trade groups to ask a court to overturn a Biden-era rule that aimed to limit the impact of unpaid medical bills on consumers’ credit history.
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Trump’s Attacks on Powell and the Fed Ripple Through Global Economy
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
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Ron Wyden, a Democrat, Won’t Let Go of the Jeffrey Epstein Case, Either
Senator Ron Wyden has found that four banks waited until Mr. Epstein’s arrest on federal charges to flag $1.5 billion in suspicious transactions. Mr. Wyden wants the documents made public.
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‘Crypto Week’ Is Back on Track After House G.O.P. Quells Conservative Revolt
The House is set to vote on a series of high-stakes bills backed by the cryptocurrency industry, after top Republicans brokered a deal with a group of dissenters in their ranks.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
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He Helped Create NPR. Now He May See it Be Defunded.
Bill Siemering, 91, says potential funding cuts put a “unique, invaluable cultural resource” at risk.
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Republican Tax Bill Is a Losing Deal for Gamblers
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.