Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
Category: Trump, Donald J
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Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles
The New York Times – Business:Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.
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Trump Threatens to Fire Powell if He Does Not Resign From Fed
The New York Times – Business: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.
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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.