Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: United States Politics and Government
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Banking Regulators Prepare to Loosen Post-Crisis Capital Rules
The New York Times – Business:The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The New York Times – Business:The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The New York Times – Business:The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Iran War Narrows Fed’s Path to a Rate Cut
The New York Times – Business:Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
The New York Times – Business:Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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The Markets Contend with Powell’s Long Goodbye at the Fed
The New York Times – Business:The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump.
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Trump Vowed to Crack Down on Fraudsters, but He’s Pardoned Dozens
The New York Times – Business:Across both of his terms, President Trump has granted clemency to more than 70 allies, donors and others convicted in fraud cases.
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Powell Says He Will Remain as Fed Chair Until Successor Is Confirmed
The New York Times – Business:Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over.
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Federal Reserve holds interest rates steady as Iran war upends the economic outlook.
The New York Times – Business:Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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What to Watch at the Federal Reserve’s March Meeting
The New York Times – Business:The U.S. central bank is widely expected to hold interest rates steady as officials assess the economic fallout from the war with Iran.
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Kharg Island Is an Appealing Target for Trump, With High Risks
The New York Times – Business:A U.S. attack or a move to seize control of Iran’s main oil export hub could cripple the country’s ability to profit from its natural resources. But it would also risk sending energy prices even higher.