96
<!–
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img+div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u+.body .list_block ol,u+.body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-11 td.column.first .border,.row-7 td.column.first .border,.row-9 td.column.first .border{padding:5px 5px 15px 25px}.row-11 td.column.last .border,.row-13 td.column.last .border,.row-7 td.column.last .border,.row-9 td.column.last .border{padding:5px 20px 25px 5px}.row-13 td.column.first .border{padding:5px 5px 15px 25px;border-bottom:15px solid transparent}}
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% }
{beacon}
Fake Powell resignation letter dupes Trump World
|
Some Republican commentators and at least one lawmaker fell for a fake resignation letter purportedly penned by Federal Reserve Chair Jerome Powell.
|
The letter started to make the rounds of high-profile MAGA social media accounts after weeks of speculation about Powell’s future.
Sen. Mike Lee (R-Utah) and conservative personality Benny Johnson were among those who shared the letter, which said Powell was set to resign at the close of business Tuesday. Both quickly deleted their posts.
The letter featured a number of typos, and the Federal Reserve’s seal was illegible and appeared to be generated by artificial intelligence.
Trump has for months berated Powell and complained about the Federal Reserve’s decision not to lower interest rates.
- The president polled a group of House Republicans last week at the White House on whether he should fire Powell.
-
But the president has in recent days indicated he is inclined to let him serve the remainder of his term, which expires in May.
Meanwhile, top White House officials have zeroed in on a $2.5 billion renovation of the Federal Reserve’s Washington offices to ramp up scrutiny on Powell.
Those officials, which include deputy chief of staff James Blair and budget chief Russell Vought, have sidestepped questions about whether their probe of the costs is intended as a predicate for firing Powell.
|
Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
|
Did someone forward you this newsletter? Subscribe here.
|
|
|
Key business and economic news with implications this week and beyond:
|
|
|
60 percent say they’ll never be interested in buying cryptocurrency: Gallup
|
|
|
A majority of Americans said they will never be interested in buying cryptocurrency even with the ownership rising in the past few years, according to a new survey that was released on Tuesday.
|
|
|
|
AstraZeneca investing $50B in US, Trump calls it an ‘honor’
|
|
|
British-Swedish pharmaceutical company AstraZeneca announced a $50 billion investment in the U.S. this week, with the Trump administration claiming some credit due to its tariff policy and President Trump calling it an “honor.”
|
|
|
|
Trump details trade agreement with Indonesia
|
|
|
President Trump on Tuesday offered more specifics surrounding a trade agreement the United States struck with Indonesia, which White House officials said would lower tariffs on American goods to practically zero even as tariffs remain on Indonesian products.
|
|
|
|
MAHA group makes hefty pitch backing Trump and RFK Jr.’s health agenda
|
|
|
MAHA Action, a nonprofit that backs the Trump administration’s “Make America Healthy Again” agenda, has launched a six-figure ad campaign backing President Trump and Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.’s efforts.
|
|
|
|
Branch out with more stories from the day:
|
Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year
|
LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, …
|
|
|
Business and economic news we’ve flagged from other outlets:
|
-
Wall Street is upbeat on tech megacaps, but big questions loom (CNBC)
-
Canada tariffs could add $14,000 to the cost of building a home by 2027, report warns (CNN)
|
|
|
|
You’re all caught up. See you tomorrow!
|
Close
if ( window.checkSizeClasses && window.checkSizeClasses instanceof Function) {
window.checkSizeClasses();
}
| | |
