Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
Category: United States Politics and Government
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Congress Was Supposed to Vote on 3 Crypto Bills This Week
The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
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Republican Tax Bill Is a Losing Deal for Gamblers
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
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How Republicans Supersized Silicon Valley’s Favorite Tax Break
Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
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Steve Benson, Provocative Editorial Cartoonist, Dies at 71
He won a Pulitzer Prize in 1993, and was a finalist four times while at The Arizona Republic. Some of his work rankled his own Mormon community.
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Trump Has Penned Letter To Fire Fed Chair Jerome Powell
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
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Is This Restaurant the Only Thing Democrats and Republicans Agree On?
In polarized Washington, Ama is drawing leaders from both camps with an anti-additive menu and a vow to bar all manner of toxicity.
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Trump Announces ‘Great Deal’ on Trade With Indonesia
Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.
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Mamdani Says He Will ‘Discourage’ the Term ‘Globalize the Intifada’
Zohran Mamdani, the Democratic nominee in the race for mayor of New York City, moved to distance himself from comments that sparked outrage during the primary.
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Trump Administration Initiates Trade Investigation of Brazil
The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.
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Rising Inflation Underscores Risks in Trump’s New Tariff Threats
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
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Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight
The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades into the argument over the Federal Reserve chair.