Category: United States Politics and Government

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.
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.
Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation

The New York Times – Business:
The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
Bessent Questions the Cause of Climate Change and Its Economic Toll

The New York Times – Business:
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing

The New York Times – Business:
Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
Middle East War Will Slow Global Economic Growth, I.M.F. Warns

The New York Times – Business:
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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.
Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz

The New York Times – Business:
The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
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.
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.
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.
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.