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Business and Economics
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Business and Economics
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Bill Pulte’s war against Powell intensifies
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supervisor Minnie May and Freddy McKe Fighting online to force Fed Chairman Jerome Powell to break the norm along the way.
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In 24 hours, Bill Pulte, Director of the Federal Housing and Finance Agency (FHFA) I wrote or shared a dozen posts on social media, asking Powell to resign and share reasons for doing so.
Along the way, he threw his politically independent institutions into a partisan battle.
“I call on Fed Chairman Jay Powell to resign,” Pulte wrote in an article on social platform X, pinning it to the top of his profile.
In another article in response to the Hill Report, Pult said he was doing this: “(b) I’m in charge of oversight because he hurt Americans and the mortgage market.”
As expected, the campaign against Powell began shortly before the Fed announced on Wednesday Keep interest rates unchanged In another month.
President Trump does not lower interest rates against Powell and the Fed, but only Economic Crisiseven if the unemployment rate is still close to historical lows.
I have more here.
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Welcome to the hills Business and Economic CommunicationsI’m Sylvan Lane – covering the intersection of Wall Street and Pennsylvania Avenue.
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Has anyone reposted this newsletter to you? Subscribe here.
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Key business and economic news impact this week and beyond:
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Sports bookmaker DraftKings launches PAC
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Sports bookmaker Draftkings said Wednesday that the company filed a lawsuit with the Federal Election Commission (FEC) to establish a Corporate Political Action Commission (PAC).
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US Steel, Nippon Steel finalizes “historical partnership”
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U.S. Steel said Wednesday it eventually merged with Nippon, Japan’s largest steel maker.
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Trump signs order to extend tiktok ban deadline
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President Trump signed an executive order on Thursday that extended the 90-day deadline for Tiktok’s parent company to strip popular video sharing apps.
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Mountain Evening report Break the big political story of the day and look forward to tomorrow. Click here to sign up and get it in your inbox
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Upcoming news topics and events we are watching:
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- this Philadelphia Federal Reserve Post its June Manufacturing index 8:30 am ET
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Shown from more stories of the day:
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Trump extends the deadline for the third time Tiktok ban, without clear legal basis
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WASHINGTON (AP) – President Donald Trump signed an executive order Thursday to keep Tiktok running…
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We tagged business and economic news from other stores:
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- Creators say they don’t know Google uses YouTube AI train (CNBC)
- Zero interest rate Back to Europe (NYT)
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The top stories on the hills now:
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Michelle Obama feels “happy” that she doesn’t have a son: ‘He will be Barack Obama
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Michelle Obama said she was “happy” that she had never had a son – because he would be a little kid to her husband. Read more
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Senate Republican leaders conceal their invisible members of Trump bill
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Senate Majority Leader John Thun (DD Read more
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Comments related to commercial and economic issues submitted on the mountain:
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- Blueprint of the new postmaster
- Opportunity Zones have quietly become the most effective housing program in the United States
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You all caught up. See you tomorrow!
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