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Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House’s Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions. His resignation was confirmed by White House spokesman Kush Desai late Tuesday. President Donald Trump appointed Miran in September to a seat on the Fed’s seven-member board […]
A new poll from the prediction market operator Kalshi shows that most Americans want access to prediction markets and would rather see them overseen by the federal government instead of state gambling regulators. The timing isn’t a coincidence. The results come at a time when gaming commissions in several states are debating whether these markets […]
Karen Cahall was suspended for keeping four LGBTQ+ books in her classroom library. In (more) bad civil rights news, an Ohio third grade teacher lost a battle with the state last week when a district court dismissed her book ban lawsuit. Karen Cahall, who’s taught in the New Richmond Exempted Village School District for 30 […]
DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids, […]
Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently […]
Fed Governor Lisa Cook is standing up to Donald Trump, suing to keep her job because she says the president is trumping up a scandal and she’s fighting for Fed independence. Trump has called for Cook’s head for allegedly committing mortgage fraud by signing documents that she had two primary residences. We should let the […]
It isn’t quite the ruckus involving the Jeffrey Epstein docs, but there is a quieter, more important conflict inside Trump world over weed — namely whether the president should legalize it and just how legal it should be, The Post has learned And according to my sources, Trump is in a compromising mood. He appears […]
In July 1988, Mike Dukakis was leading the presidential race versus George H.W. Bush — but not for long. A little later that summer, the Democratic nominee agreed to do a photo-op in a battle tank with an army helmet perched awkwardly on his head. GOP spin masters capitalized with the now infamous “tank ad” […]
The US central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco Federal Reserve Bank President Mary Daly said on Sunday. “Words have power, which is a great tool. But words can be harder to reverse than the interest rate,” Daly said in remarks prepared for delivery to the Western […]
Last summer, a federal judge, Amit P. Mehta, delivered a landmark ruling that found Google had illegally dominated online search. “Google is a monopolist, and it has acted as one to maintain its monopoly,” he wrote. Now, Judge Mehta has to figure out how to fix Google’s monopoly. His decision will be informed by a […]
