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13.02.26 - 16:45
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US business, consumers bore 90 percent of Trump tariff costs: NY Fed (The Hill)
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U.S. businesses and consumers bore about 90 percent of the cost of President Trump's sweeping tariffs, according to a recent report by the Federal Reserve Bank of New York. The study, published Thursday, found that the majority of costs that came from tariffs were passed onto the American public in the first 11 months of......
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13.02.26 - 15:54
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Powell Probe Just a ′Flex,′ Say Senator Tillis (Bloomberg)
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Republican Senator Thom Tillis is sticking to his guns and says he won't approve any nominee to lead the Federal Reserve until a Justice Department probe into the Fed's renovations is over. “We could have a hearing all we want but until the investigation is done, I still believe that the initial inquiry and the investigation was a flex to try and get the current chair to step aside,” Tillis said on Bloomberg Surveillance. (Source: Bloomberg)...
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13.02.26 - 15:45
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Tillis continues to hold Fed nominees despite latest offer from Treasury (The Hill)
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Sen. Thom Tillis (R-N.C.), a senior member of the Senate Banking Committee, says he will keep holding up President Trump's nominees to the Federal Reserve until the criminal investigation of Fed Chair Jerome Powell is resolved. This poses a significant obstacle to Trump's plan to appoint Kevin Warsh as the next chair of the nation's......
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