In light of the Fed’s multifaceted activities, the delineation between monetary policy and regulation is blurred, particularly evident during crises like the Covid-induced economic shock in 2020 when the central bank intervened in debt markets alongside the Treasury Department. The lack of clear legal reasoning in Trump’s directive raises concerns about potential threats to the Fed’s monetary independence, as highlighted by experts like Jeremy Kress and Mr. Alvarez, who warn of possible erosion through budgetary control and reduced resources for informed decision-making. The directive’s ambiguity leaves room for exploitation, posing a risk to the Fed’s ability to act autonomously in the future.
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Top shale boss says US oil companies will not flock back to Russia
US oil producers, including Continental Resources' Harold Hamm, are hesitant to invest in Russia despite talks of a peace deal, citing past losses and geopolitical risks. ExxonMobil and Chevron have previously scaled back operations in Russia due to sanctions, with analysts cautioning against hasty returns. Hamm supports Trump's tough stance on sanctions and tariffs, emphasizing US LNG exports for European energy security and praising the president's accomplishments in his first term. Full Article
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