The White House tightens control over the Fed — but not on rates
The White House is tightening its control over how the Federal Reserve regulates big banks as part of a new executive order ...
US consumers cut spending in January more drastically than at any point in the last four years
Yet data released Friday by the Commerce Department also showed that Americans cut their spending last month 0.2% in January ...
Inflation Eased Slightly in January, Fed’s Preferred Gauge Showed
The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, ...
fingerlakes19d
President orders stricter oversight of federal agencies, curbing independent regulators’ autonomy
In a sweeping move to assert greater control over federal regulatory agencies, President Biden issued an executive order on ...
U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
Photo: U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, ...
Politico7d
Trump’s plan to rein in agencies sparks alarm for the Fed
That is, the Federal Reserve Act precludes precisely this kind of relationship between the White House and the Fed, even as it relates to supervision and regulation, said Scott Alvarez ...
Hosted on MSN9d
Trump Signs Order That Seeks White House Control Over Independent Agencies
The Federal Reserve’s handling of interest-rate policy is exempt ... That means it could give the White House greater power ...
InvestmentNews8d
Trump executive order gives White House influence over SEC rulemaking
The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned ...
PBS3d
WATCH: White House refuses to ‘reveal’ DOGE administrator during briefing
PBS News White House correspondent Laura Barrón-López asked press secretary Karoline Leavitt during a news briefing about the ...
The Washington Post10d
Trump moves to narrow independence of Fed, along with other Wall Street overseers
A White House spokesman had no immediate comment ... orders as appropriate and consistent with applicable law,” Federal Reserve Board Chair Jerome H. Powell told reporters late last month.
Stock Market Today: S&P 500, Dow Pare Gains After Trump-Zelensky Meeting
Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Russian ruble sinks as Trump-Zelensky shouting match cools hopes for peace deal while stocks recover from brief selloff
Stocks fell during Trump’s meeting with Zelensky Friday, but an afternoon rally led to solid gains by the end of the day.