Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
Category: Trump, Donald J
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Trump Threatens to Fire Powell if He Does Not Resign From Fed
The New York Times – Business: -
Trump Threatens to Fire Powell, Again
The New York Times – Business:The new threat against the Fed chair comes ahead of a Senate confirmation hearing for Kevin Warsh, Trump’s pick to lead the central bank.
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Trump Increased Tax Refunds, but a Political Challenge Still Looms
The New York Times – Business:While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.
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What’s Driving the Wartime Stock Rebound
The New York Times – Business:The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Judge Dismisses Trump’s Suit Against The Wall Street Journal
The New York Times – Business:The judge said Mr. Trump had not “plausibly alleged” that The Journal published the article with actual malice.
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Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
The New York Times – Business:President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
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Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business:President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
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Why Employers May Be Wary of Adding Crypto or Private Equity to 401(k)s
The New York Times – Business:A proposed federal rule aims to clear the way for retirement savings plans to include alternative assets. But it may not be enough to protect employers from lawsuits.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
The New York Times – Business:Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
The New York Times – Business:An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.