Money, Wealth & Power—A Daily Look at the Financial World
A federal judge in the United States has extended an order preventing the Trump administration from firing federal employees during the ongoing government shutdown. This decision marks a significant setback for President Trump’s efforts to implement mass layoffs. Unions have celebrated the ruling as a “big win” for protecting federal staff amid the crisis. This…
President Donald Trump has been vocal about his desire for lower interest rates, a stance that aligns closely with his financial interests. Recently, Trump announced plans to secure a “Fed majority” to facilitate this goal, following the dismissal of Cook. This strategic move is part of his broader effort to influence the Federal Reserve, aiming…