Stephen Miran pledged to lawmakers Thursday that he will act independently if he were confirmed as a new governor on the Federal Reserve Board, but he won’t step down from his current White House post. He said that he was counseled to take a leave of absence as chair of the Council of Economic Advisers…
WASHINGTON (AP) — President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates. But the extensive use of marble in the building is, at least in part, the result…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively on renovations, saying that the almost 90-year-old headquarters “was not really safe,” while acknowledging cost overruns. “The media reports … are misleading and inaccurate in many, many respects,” Powell said…
ATLANTA (AP) — President Donald Trump’s order accusing the Smithsonian Institution of not reflecting American history notes correctly that the country’s Founding Fathers declared that “all men are created equal.” But it doesn’t mention that the founders enshrined slavery into the U.S. Constitution and declared enslaved persons as three-fifths of a person for the purpose…
For Sen. Tim Scott of South Carolina, opportunity didn’t come without a struggle. “To anyone who believes that opportunity ought not come with headwinds, I don’t know where you live, but it ain’t reality,” the 59-year-old mused to a crowd on a recent afternoon overlooking the U.S. Capitol. Raised by a single mother in North…