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☆ Lazard CEO Peter Orszag: It’s in President-elect Trump’s interest to have an independent Fed
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard CEO Peter Orszag: It’s in President-elect Trump’s interest to have an independent FedLazard CEO Peter Orszag joins ‘Squawk Box’ to discuss President-elect Trump’s election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, the Fed’s independence, and more.

Persons: Peter Orszag, Lazard, Trump’s Organizations: Lazard

☆ Lazard CEO Peter Orszag: Trump's election victory will be good for our business 'temporarily'
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard CEO Peter Orszag: Trump's election victory will be good for our business 'temporarily'Lazard CEO Peter Orszag joins ‘Squawk Box’ to discuss President-elect Trump’s election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, the Fed’s independence, and more.

Persons: Peter Orszag, Lazard, Trump’s Organizations: Lazard

☆ President-elect Trump is the most pro-stock market president in history: Wharton's Jeremy Siegel
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident-elect Trump is the most pro-stock market president in history: Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss President-elect Trump's election victory, the impact on markets and the economy, independence of the Fed, and more.

Persons: Trump, Wharton's Jeremy Siegel Jeremy Siegel, Trump's Organizations: University of Pennsylvania’s Wharton School of Business

☆ USD still a safe haven - regardless of tariffs: Macquarie Group
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUSD still a safe haven - regardless of tariffs: Macquarie GroupGareth Berry of Macquarie Group sees Trump's win as an unambiguous positive for the U.S. dollar. While potential tariffs would hurt U.S. trading partners and spur retaliation, the U.S. dollar can still thrive in that environment. This may stoke inflation and slow Fed rate cuts in 2025. Berry doubts that a Trump administration will undermine Fed independence.

Persons: Macquarie Group Gareth Berry, Berry, Trump Organizations: Macquarie Group, U.S ., U.S

☆ Trump searches for his attorney general as Justice Department officials worry about chaos and retribution
▼ + stars: | 2024-11-11 | by ( Evan Perez | Hannah Rabinowitz | ) edition.cnn.com time to read: +9 min

CNN —From his seaside Florida resort, Donald Trump is holding a casting call to fill the toughest job in Washington: attorney general. Current and former Justice officials anticipate eventual departures in some parts of the department and employees being sidelined and forced out. The Justice Department is also charged with defending administration actions in court, covering issues from health care to the environment to gun control. “Attorney General Jeff Sessions has taken a VERY weak position on Hillary Clinton crimes,” he wrote in a Twitter post in July 2017. Trump told Fox Business in 2020 that Barr should indict Obama, Biden and others because of the Russia investigation.

Persons: Donald Trump, Trump, Mark Paoletta, they’ll, Trump’s, ” Paoletta, ” JD Vance, Jack Smith, Christopher Wray, James Comey, Wray, Wray “, ”, podcaster Joe Rogan, “, I’ll, Barack Obama, Hillary Clinton, Joe Biden, Sally Yates, Yates, Jeff Sessions, Matthew Whitaker, Sessions ’, John Huber, Rod Rosenstein, Sessions, William Barr, Barr, Obama, Biden, Bill Barr indicts, we’ll, ” Trump, ” Barr Organizations: CNN, Justice Department, Trump ., Justice, White, ABC, Trump, Employees, FBI, ISIS, Capitol, Biden, “, Sessions, Fox Business, Hoover Institution Locations: Florida, Washington, Manhattan, American, Lago, United States, Alabama, Russia

☆ Meet the Press – November 10, 2024
▼ + stars: | 2024-11-10 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.

Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, “, “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, ”, Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, –, María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, –, Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia

“It’s not a question of a price tag. There is no price tag,” the president-elect told Welker. On Sunday, Barrasso dodged questions about whether there should be limits to how much Trump can spend on his deportation plan. “I agree there’s no price tag on protecting the safety and security of our country and our citizens. “Well, since President Trump hasn’t actually made any nominations yet along those lines, I’m not going to comment on any one individual,” the senator said.

Persons: Sen, John Barrasso, Donald Trump, Kristen Welker, John F, Kennedy, Robert F, Trump, ”, John Kennedy, Bobby, ” Barrasso, ” “, Kevin Dietsch, Barrasso, “ It’s, they’re, Welker, “, haven’t, Kennedy Jr, Trump hasn’t, I’m, ” Trump Organizations: Sunday, of, White, NBC, Press, Senate, Department, U.S, NBC News, ”, Trump White House Locations: United States, U.S

☆ Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
▼ + stars: | 2024-11-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS' "Face the Nation," "shouldn't have an effect long run on inflation." "The challenge becomes, if there's a tit for tat and it's one country imposing tariffs and then responses and it's escalating. Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions.

Persons: Neel Kashkari, The Beverly Hilton, Donald Trump's, Kashkari, Trump, We've, Tesla, Elon Musk Organizations: Federal Reserve Bank of Minneapolis, The Beverly, Minneapolis Federal, Sunday, CBS, U.S, Wall Street Locations: Beverly Hills , California, U.S, Minneapolis, China

☆ My teenage daughter backpacked alone through Europe. Despite my worry, I'd let her do it again.
▼ + stars: | 2024-11-10 | by ( Elise Seyfried | ) www.businessinsider.com time to read: +5 min

She told me she wanted to travel through Europe for three months with her own money. It was so hard for me to let go of that fear while raising my five kids. She'd been working and, with her saved money, Julie wanted to travel solo through Europe for three months. I had to learn to trust herI continued to worry daily during those months, but I had to learn to let go and trust my daughter. I've asked myself: If I had it to do over again, would I still let 18-year-old Julie travel alone through those 11 countries so far from home?

Persons: —, Julie, She'd, Patrick, Sheridan's, it's, I've Organizations: Service, Newark , NJ Locations: Europe, Texas, Newark ,, Rome, Venice, Budapest, Vienna, Luzern, Switzerland, Marburg, Germany, Finland, WhatsApp, Florence, Salzburg, Prague's, Paris, New York City, Brooklyn, New Yorker

☆ See Pesto the viral baby penguin grow up as he sheds brown feathers in new photos
▼ + stars: | 2024-11-09 | by ( Dan Aulbach | Dan Aulbach Is An Editorial Intern For | ) www.nbcnews.com time to read: +2 min

Pesto before shedding his brown feathers in exchange for new waterproof ones in his enclosure at Australia's Sea Life Melbourne. SEA LIFE Melbourne AquariumPesto, who lives at the Sea Life Melbourne Aquarium in Australia, is nearing the final stages of his first molt. While king penguin chicks’ brown feathers are insulating, they are not waterproof, which is where their adult plumage comes in handy. Pesto is expected to start swimming with other king penguin chicks when the molting process is done. Many of the other penguins at Sea Life Melbourne Aquarium has taken an interest in Pesto, per the aquarium’s website.

Persons: Alex Frank, Pesto, Blake Organizations: SEA, Aquarium Pesto, Melbourne Aquarium, TODAY.com, Melbourne Locations: Melbourne, Australia, Pesto

☆ Death toll rises to 24 in powerful suicide bombing at rail station in southwestern Pakistan
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

A suicide bomber blew himself up at a train station in restive southwestern Pakistan on Saturday, killing at least 24 people, including security officers, and wounding about 50 others, some critically, officials said. A separatist group, the Balochistan Liberation Army, claimed the attack in a statement, saying a suicide bomber targeted troops present at the railway station. Police said about a dozen security forces are also among the dead. The group often demands the halt of all Chinese-funded projects and for workers to leave Pakistan to avoid further attacks. Last month, BLA claimed responsibility for a suicide bombing that targeted a convoy with Chinese nationals outside the Karachi airport, killing two.

Persons: Hamza Shafqaat, Ayesha Faiz, Shahid Rind, Shehbaz Sharif, BLA Organizations: Balochistan Liberation Army, Islamabad . Police, Baloch, Initiative Locations: restive, Pakistan, Rawalpindi, Quetta, restive Balochistan, Balochistan, Islamabad, Beijing’s, Karachi, Beijing

☆ '#EndtheFed': Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy. Though brief, Musk's comment reflects a broader pressure campaign on Fed independence that could take shape in the next Trump administration. On Thursday, Fed Chair Jerome Powell said he would not resign from his post if Trump asked him to do so. But during his first term in office, Trump was not shy about breaking from tradition and publicly disparaging Powell and his policy decisions. Over the course of the 2024 presidential campaign, Trump also often flirted with the idea of giving himself a say in Fed policy if he were to win the White House again.

Persons: Elon Musk, Donald Trump, Tesla, Sen, Mike Lee, Musk, Lee, Trump, Jerome Powell, Powell Organizations: Republican, SpaceX, Fed, White, Federal Reserve Locations: Butler , Pennsylvania, Utah, U.S, Lago, Florida

☆ What Trump might do on Day One of his presidency
▼ + stars: | 2024-11-09 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Trump has promised to do a variety of different things on "Day One" of his second term. "Many things will be done on day one," Trump said at a town hall with Tucker Carlson in Phoenix in late October. Trump has promised to issue several executive orders when he takes office, though some of them are likely to be challenged in court. "Day One" promises that Trump may not be able to fulfillSome "day one" commitments are simply not possible. AdvertisementAt times during the campaign, Trump pledged to "end inflation" just hours after taking office.

Persons: Trump, —, Donald Trump's, Tucker Carlson, Donald Trump, Joe Biden, Jack Smith, pardoning, Smith, Hugh Hewitt, Gary Gensler, Gensler, Biden Organizations: Service, Social Security, White, American Civil Liberties Union, Republican, Department, Securities and Exchange Commission, Federal Reserve, Fed Locations: Phoenix, Wisconsin

☆ China has increased military flights near Taiwan by 300%, U.S. general says
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +7 min

The Chinese military has increased its provocative flights around Taiwan by 300% over the last five months, according to the commander of the U.S. Air Forces in the Indo-Pacific Command. In an exclusive interview with NBC News, Gen. Kevin Schneider warned that People’s Liberation Air Force activities have increased dramatically since Taiwan’s new president was inaugurated in May. Schneider noted that the Chinese Air Force has maintained the increased activity level since Lai Ching-te was sworn in on May 20. Chinese President Xi Jinping has said that he intends to unify Taiwan with mainland China and has steadily ramped up military pressure on democratically governed Taiwan. Trump has not committed to defending Taiwan during a Chinese military invasion.

Persons: Kevin Schneider, ”, Schneider, Lai Ching, te, Lai, Liu Pengyu, “, William Lai, Daniel Ceng, Will Trump, Xi Jinping, Xi, William Burns, Donald Trump’s, Trump, Joe Biden’s, they’d, Biden, Feng Hao, Gen Organizations: U.S . Air Forces, Pacific Command, NBC News, Liberation Air Force, Taiwan’s Ministry of National Defense, Chinese Air Force, Embassy, Washington , D.C, Taiwan, Getty, CIA, Bloomberg Businessweek, U.S, Theater Command, PLA, Anadolu, Trump, United States Locations: Taiwan, China, Beijing, Washington ,, Japan, South Korea, Hawaii, Alaska, Guam, Taoyuan, Anadolu, U.S, “ Taiwan, Washington

☆ Almaty, Kazakhstan: How a drab Soviet metropolis became Central Asia’s capital of cool
▼ + stars: | 2024-11-08 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

Almaty, Kazakhstan CNN —Several cities around the globe have reinvented themselves in recent years, but none more successfully than Almaty. Since the collapse of the USSR, Kazakhstan’s largest city (population 2.2 million and growing) has evolved from a drab, run-of-the-mill Soviet metropolis into the urban star of Central Asia. “It’s an incredibly livable city,” says long-time American resident Dennis Keen, a historic preservation advocate and founder of Walking Almaty. Over and underground artThe Abilkhan Kasteev State Art Museum is filled with more than 20,000 works of art. Other good collections include the Ihlas Museum of Folk Musical Instruments (in a Russian-style wooden mansion built in 1908) and the ethnographic artifacts of the Almaty Museum.

Persons: It’s, “, ”, Dennis Keen, ” Keen, “ It’s, Jama Nurkalieva, Charles O, Cecil, Alamy, Auyl, James Talalay, Lukas Bischoff, Keen, Roshcha Organizations: Kazakhstan CNN, Walking, Central, Cathedral, Astana, Tselinny Center of Contemporary, Dynamo, Prix Versailles, Park, Art, Louvre, Art Museum, Ihlas Museum, Folk, Almaty Museum, Eiffel, of Contemporary, Academy of Science, Turkish Airlines, Air Astana, Ritz, Carlton Locations: Almaty, Kazakhstan, USSR, Kazakhstan’s, Central Asia, Walking Almaty, “, Central Asian, China, Europe, Russian, Soviet Union, Shan, Lower Kolsai Lake, There’s, Soviet, Zholy, Almaty Metro, Almaly, Auezov, Istanbul, Beijing, Seoul , New Delhi, Bangkok, Arasan, Otrar, Lanzhou, Novotel, Darejani, Ascension

☆ Powell to Trump: Go ahead, make my day
▼ + stars: | 2024-11-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s essentially what Federal Reserve Chair Jerome Powell is experiencing with President-elect Donald Trump’s return to the White House. When a reporter asked the Fed chair if he’d resign if Trump asked him to, Powell didn’t miss a beat. Removing a Fed chair isn’t so simpleIf Trump, or any president for that matter, were to try to remove a Fed chair, they would encounter a steep uphill battle. Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair. Trump has tried testing the limits anywayNevertheless, Trump threatened to fire Powell on several occasions when he was first president.

Persons: That’s, Jerome Powell, Donald Trump’s, Trump, he’d, Powell didn’t, “, ”, curtly, ” Powell, Powell, won’t, Powell doesn’t, Joe Biden, ” Trump Organizations: New, New York CNN, Federal, Trump, Republican, Bloomberg, Economic, of Chicago Locations: New York

☆ I begged my daughter not to go away for college and instead stay home. She refused, and I can't let go of my fear.
▼ + stars: | 2024-11-08 | by ( Tim Stevensen | ) www.businessinsider.com time to read: +5 min

My daughter is excited to go to college and wants to live in the dorms. We have been fighting about this issue a lot, but I'm trying to let go of my fear. But this idea has caused a lot of tussle at homeSydney and I have been constantly arguing about her college living arrangements. I would like her to live at home and commute to college, while she wants to experience college in the typical way by living on-campus in the dorms. I try to be kind in explaining my college experience and my great concern for her living in school.

Persons: —, I'm, I've Organizations: Service, Sydney Locations: Sydney, Texas

Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to. Asked whether he would step down amid chatter that Trump's advisors had suggested he do so, Powell replied, "No." Trump himself nominated Powell as Federal Reserve chairman in 2017 in his first administration. Powell made the comments during his regularly scheduled remarks following the release of the Federal Open Market Committee's latest statement on interest rate policy. Representatives for Trump did not immediately respond to a request for comment.

Persons: Jay Powell, Donald Trump, Powell, Trump, readying, ” Trump, Scott Bessent, Kevin Warsh Organizations: Federal, Trump, Bloomberg, Chicago Economic, Reuters, CNN, NBC News, CNBC

“The fact that there could have been a South Asian woman in the White House … we’re not there yet, but it would have been very nice. “There’s a great deal of disappointment in that sense,” said Shakeel Syed, executive director of the nonprofit South Asian Network. She steeped her daughters in all things South Asian, said Harris, who grew up eating South Indian food, like potato curry and masala dosa, and hearing Gopalan speak Tamil. Like many young and progressive Asian Americans, she said Israel’s war in the Gaza Strip has been an important issue for her. In the meantime, South Asian voters say they have no choice but to keep pushing.

Persons: they’re, Kamala Harris ’, Harris, Donald Trump, ”, Anjali Bhatt, we’re, ” Bhatt, Trump, she’s, Sumati Thomas, Harris ’, I’ve, Kamala Harris, ” Harris, Joe Biden, Biden, There’s, Shakeel Syed, Gopalan, “, P.V, Thomas, Bhatt, they’d, Harris didn’t, Syed, ” Syed, Harris wanes, Usha Vance, Vivek Ramaswamy, “ It’s, ” Thomas Organizations: South, D.C, Republican, Harris ’ Democratic, South Asian, Democratic, South Asian Network, Democratic National Convention, University of California, Civil Rights Movement, DNC, ”, American, Trump, White, Indian American Locations: South Asian, Washington, America, In Mississippi, South, India, California, Chennai, Indian, Berkeley, U.S, Gaza, Southeast Michigan, Pakistan, Bangladesh, American

☆ America now looks to the Fed for clues on future rate cuts
▼ + stars: | 2024-11-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

The move comes as inflation remains on a downward trend while the job market continues to lose momentum. While that has helped rein in price pressures, it also puts the job market in jeopardy. So I’m going to be patient.”Still, rate cuts are expected to stretch through 2025, even during a Trump presidency, according to economists. On one hand, there’s evidence that America’s job market has continued to lose momentum in recent months. But since Trump’s economic vision could eventually stoke inflation, that could mean the Fed delivers fewer rate cuts in the coming years.

Persons: Jerome Powell, Donald Trump, Powell, “ I’m, Raphael Bostic, ”, Kamala Harris, Felipe Villarroel, —, Trump, hasn’t, Arthur Burns, Richard Nixon, Ben Bernanke Organizations: Washington CNN, Federal, President, White, Atlanta Fed, Trump, TwentyFour Asset Management, Fed, CNN, White House, Capitol Locations: Jackson , Mississippi

☆ Trump is about to make the Fed's job a lot harder
▼ + stars: | 2024-11-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory is set to make the Federal Reserve's job more difficult. His tariff and immigration plans are expected to stoke inflation, complicating the Fed's policy decisions. Trump has also said he'd like a say in setting monetary policy, which would erode Fed independence. Donald Trump's election win brings his vision of hefty trade tariffs and a sweeping immigration crackdown closer to becoming reality. A study from the Peterson Institute of International Economics said interfering with the Fed's independence could cost the economy $300 billion and drive inflation higher.

Persons: Donald Trump's, Trump, —, it's, Glen Smith, Smith, Paul Krugman, Trump's, Jerome Powell, Powell Organizations: stoke, Service, Treasury, GDS Wealth Management, Fed, Fed Trump, Peterson Institute of International Economics, Pantheon Macroeconomics, Trump Locations: China

☆ Fed Chair Powell stands firm amid questioning about whether Trump will push him out
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Reporters asked Fed Chair Jerome Powell whether he would resign if President-elect Trump asked him to. Powell responded with one word: "No." Trump has been critical of Powell, but the law does not permit a president to fire a Fed official without cause. AdvertisementFederal Reserve chair Jerome Powell has no plans to leave the central bank prematurely under President-elect Donald Trump. "We don't guess, we don't speculate, and we don't assume," Powell said.

Persons: Jerome Powell, Trump, Powell, —, Donald Trump, Biden, Joe Biden Organizations: Service, Federal, Market, Trump, Fed, Street, Bloomberg, Federal Reserve, Congress

If González’s advantage over Dalmau prevails, the pro-statehood New Progressive Party would make history as the first in Puerto Rico to secure a third consecutive term. Back-to-back pro-statehood governors have held office in Puerto Rico since 2016, when Ricardo Rosselló was elected. Local political parties are largely divided based on the issue of Puerto Rico’s territorial status. An unprecedented shiftNo winner has been certified yet, Jessika Padilla, president of the Puerto Rico Elections Commission, said during a news conference early Wednesday. The Puerto Rico Elections Commission is so far reporting a 58% voter turnout in this year’s election.

Persons: Jenniffer, Juan Dalmau —, “, ” González, González, Dalmau, Ricardo Rosselló, Pedro Pierluisi, Rosselló’s, Wanda Vázquez, Kamala Harris, Donald Trump, ” Gonzalez, Maria, Jessika Padilla, Jesús Manuel Ortiz, Ortiz, Fernando Rivera, Puerto Ricans, Harris Organizations: New Progressive Party, Puerto Rican Independence Party, Citizens, Puerto Ricans, Puerto, Puerto Rico Elections Commission, Local, Trump Cabinet, Popular Democratic Party, Dalmau, “ Alianza ”, Puerto Rico Research, University of Central, Trump, Democratic, Republican Locations: Puerto Rico, Puerto, González, “ Puerto Rico, Puerto Rican, Dalmau, University of Central Florida, U.S

☆ Jeff Bezos congratulates Trump for an 'extraordinary political comeback' after the Washington Post's decision not to endorse a candidate
▼ + stars: | 2024-11-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

His remarks follow the decision by the Washington Post, which Bezos owns, not to endorse a candidate. AdvertisementJeff Bezos congratulated Donald Trump on his reelection less than two weeks after his newspaper's decision not to endorse a candidate in the race. AdvertisementThe Washington Post endorsed Barack Obama in 2008 and 2012, Hillary Clinton in 2016, and Joe Biden in 2020. While campaigning for the 2016 presidential election, Trump said Amazon would have "problems" if he became president. AdvertisementTrump has criticized the Washington Post as "lobbyist" and called Bezos "Jeff Bozo" in 2019.

Persons: Jeff Bezos, Donald Trump, Bezos, —, Trump, William Lewis, Lewis, Kamala Harris, David Hoffman, Molly Roberts, Mili Mitra, Robert Kagan, Michele Norris, Danielle Allen, Barack Obama, Hillary Clinton, Joe Biden, Dave Limp, Megan Mitchell —, Limp, Jeff Bozo Organizations: Washington Post, Service, Washington, Trump, Associated Press Locations: America

☆ Scott Bessent on possible Treasury secretary role: I'm going to do whatever Donald Trump asks
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailScott Bessent on possible Treasury secretary role: I'm going to do whatever Donald Trump asksScott Bessent, Key Square Group founder and CEO, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, future of government spending, the Fed's independence, and more.

Persons: Scott Bessent, Donald Trump, Donald Trump's Organizations: Key Square Group

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