Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
Category: Trump, Donald J
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Behind Powell’s High-Stakes Decision to Stay at the Fed
The New York Times – Business: -
How Powell Just Complicated Trump’s Fed Plans
The New York Times – Business:Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The New York Times – Business:The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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United Airlines CEO, Rebuffed by American, Says He’s Skeptical of Other Deals
The New York Times – Business:The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.
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Fidelity Won’t Let Donor-Advised Fund Holders Donate to Southern Poverty Law Center
The New York Times – Business:Fidelity cited the Justice Department’s recent action against the civil rights organization in emails to holders of its charitable-giving funds explaining its decision.
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The Stakes of Trump’s Latest Fight With Disney
The New York Times – Business:The Federal Communications Commission is clashing again with the media giant. It’s another warning about the costs of angering President Trump.
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New Disney Boss Is Tested by Trump and His Administration
The New York Times – Business:Josh D’Amaro, who took the helm in February, will have to lead Disney through surprising new scrutiny from the president.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Judge Asks Justice Department: Will You Oppose Trump?
The New York Times – Business:A federal judge has ordered the Justice Department to explain whether it intends to contest President Trump’s $10 billion lawsuit against the I.R.S. over the disclosure of his tax returns.
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Prime Minister Mark Carney Says Canada’s Economy Is Expected to Grow and Deficit to Fall
The New York Times – Business:Prime Minister Mark Carney’s budget update keeps to his path of diversifying away from the United States.