Overhauling the central bank’s Board of Governors would grant the president greater sway over the Federal Reserve, an institution that is supposed to be independent from the White House.
President Trump has spent months demanding that Jerome H. Powell, the Federal Reserve chair, lower interest rates. The two toured the Fed’s renovation site in July after the president accused Mr. Powell of mismanaging the project.
Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.”
While Mike Wirth, the chief executive of Chevron, said oil production was still in demand, his company is also investing in new technologies, like hydrogen, lithium and renewable fuels.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s independence.
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
Natasha Sarin walks through how Trump’s tariffs, the A.I. boom and the leadership shake-up at the Bureau of Labor Statistics are impacting the economy.
Natasha Sarin walks through how Trump’s tariffs, the A.I. boom and the leadership shake-up at the Bureau of Labor Statistics are impacting the economy.
Most of us just accept that government economic data is the best possible estimate of the economy. That could change, and that would be bad for all of us.
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