The Senate voted to install one of President Trump’s top economic advisers at the central bank, opening the door for him to cast a vote at this week’s meeting to set interest rates.
Category: White House Council of Economic Advisers
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As the Fed Prepares to Lower Rates, 2 Seats on Its Board Are in Limbo
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
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Republicans Race to Advance Stephen Miran, Trump’s Fed Pick, Despite White House Ties
Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank’s independence.
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Marina von Neumann Whitman Dead: International Trade Expert Was 90
She was the first woman to serve on the White House Council of Economic Advisers. At General Motors, she became one of the highest-ranking women in corporate America.
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Trump Says a Recession Would Be Worth It, but Economists Are Skeptical
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.
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Biden’s Chief Economist Processes the Election With ‘Confusion, Guilt’
Jared Bernstein, the chair of the White House Council of Economic Advisers, was a leading architect of “Bidenomics.”
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A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race
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Biden Suggests a Bigger Federal Role to Reduce Housing Costs
A new report focuses on the prolonged struggle to build affordable housing across America and suggests federal incentives to help.
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Biden Incentives for Foreign Investment Are Benefiting Factories
Early data suggest laws to increase semiconductor production and renewable energy technology have shifted the makeup of foreign direct investment — but not increased it.
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Republican Economists Line Up Behind Biden Nominee
Jared Bernstein, the president’s choice to chair the Council of Economic Advisers, won praise for his work that led to a provision in the Trump tax cuts in 2017.
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Top Economist Leaves White House, and an Economy Not Yet ‘Normal’
The New York Times – Business:Cecilia Rouse says lingering effects of the coronavirus pandemic continue to haunt the recovery from recession — and drag on Americans’ optimism for the economy.
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Biden Warns That Climate Change Could Upend Federal Spending Programs
The New York Times – Business:A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures, and the government’s role in adapting to them.