Politics
(Reuters) - Donald Trump's allies are reported to be drafting proposals to erode the Federal Reserve's independence if the presumptive Republican presidential nominee regains the White House, with installing loyalists at the central bank as a key element.
The Fed both manages monetary policy - most notably through setting benchmark interest rates that influence the direction of the overall economy - and is a top U.S. bank regulator. The Trump allies... (continue reading...)
By Jarrett Renshaw
(Reuters) -The Biden administration on Friday delayed its plan to ban menthol cigarettes, a move that reflected the potential for a political backlash from Black voters in an election year.
For decades, menthol cigarettes have been in the crosshairs of anti-smoking groups who argue that they contribute to disproportionate health burdens on Black communities and play a role in luring young people into smoking.
... (continue reading...)Biden Administration Drops Plan To Ban Menthol Cigarettes - WSJ
- British American Tobacco Turns Positive After WSJ Report
- Altria Group Also Jumps After WSJ Report On Menthol Cigarettes
Allies of former President Donald Trump are reportedly preparing proposals that could potentially diminish the Federal Reserve's independence if Trump secures a second presidential term, a move that reflects a growing divide among his advisers on how much to challenge the Fed's authority.
According to the Wall Street Journal, recent discussions among former Trump administration officials and supporters of the Republican frontrunner have generated a variety of... (continue reading...)
(Reuters) -The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
A small group of the former president's allies has produced a nearly 10-page document outlining a policy vision for the central bank, according to the report.
The group argues that Trump... (continue reading...)
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