Commenting on the results of a poll conducted by Reuters and Ipsos Consulting, Musk, the first secretary of the Department of Efficiency (DOGE) of the new US government, said that Americans support reducing the size of the US government. According to the survey data, 61% of Americans support reducing the size of the US government, while 35% of respondents are opposed. The poll pointed out that compared with some other orders and proposals issued by the Trump administration of US President, this ...
On December 28th, Nick Timilaus, a famous reporter for the Wall Street Journal who is known as the "Federal Reserve's mouthpiece", recently published an article saying that the Federal Reserve is trying to re-evaluate the impact of the new Trump administration on the US economy and inflation. According to people familiar with the matter, Federal Reserve Chairperson Powell is very dissatisfied with the public remarks of some Federal Reserve officials because they more directly link the Fed's poli...
We will need to see how the new administration's tariffs or other policies affect the economy; monetary policy will adjust accordingly as economic conditions change, said Mr. Bostic. The pace and magnitude of rate cuts in 2025 have not yet been decided.
A lawyer who helped President-elect Trump form a new administration warned Department of Justice staffers on Monday that they could be fired if they try to resist the Republican agenda. "If these Justice Department staffers are not acting in good faith to carry out President Trump's plans, they should leave. Those employees who engage in so-called'resistance 'to the legitimate agenda of a legitimately elected president will subvert American democracy," Mark Paoletta, a Schaerr Jaffe attorney who...
Trump economic advisor: A potential new administration would support a strong dollar or limit the rise of cryptocurrencies.