Stephen Miran, who served as one of the president’s top economic advisers, will have to reconcile his past criticism of the central bank with his new responsibilities if he becomes a governor.
Category: United States Economy
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Trump Asks Supreme Court to Allow His Sweeping Tariffs
A federal appeals court had invalidated a centerpiece of President Trump’s economic strategy, finding that a 1977 law did not authorize the tariffs.
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Stephen Miran, Trump’s Pick for Fed, Says He Will Preserve Its Independence
Stephen Miran is scheduled to face members of the Senate Banking Committee on Thursday as the administration steps up its attacks on the Federal Reserve.
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Cook’s Lawyers Fire Back at Trump’s Claim of Vast Powers to Oust Fed Officials
Lisa Cook is seeking a swift ruling on her ability to remain on the Federal Reserve’s Board of Governors as the case is litigated.
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After Court Defeat, Trump Warns of Economic Chaos From Loss of Tariffs
The president and his advisers have suggested they will fight a federal appeals court’s ruling that found many of the administration’s tariffs to be illegal.
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How Trump Could Overhaul the Fed
The president wants to pack the central bank’s Board of Governors with loyalists, which would grant him greater sway over an institution that is supposed to be independent from the White House.
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Chevron’s Boss Says the World Will Need Oil for a ‘Long, Long Time’
Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.”
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Appeals Court Rules Against Many Trump Tariffs
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
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PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates
The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September.
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Stock Market Reaction Is Muted After Trump’s Threats to Lisa Cook and the Fed
The market reaction was muted after President Trump moved to fire the Federal Reserve governor Lisa Cook. One economist likened the response to a frog in “gently heating” water.
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Trump’s Attempt to Fire the Fed’s Lisa Cook Risks Global Economic Stability
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.