Investments and Business

President-elect Donald Trump announced Robert F. Kennedy Jr., a longtime vaccine skeptic and former independent presidential candidate, as his nominee to head the Department of Health and Human Services (HHS). The decision, revealed Thursday, sparked widespread apprehension in the public health community and left the pharmaceutical and biotech industries braced for potential upheaval. Kennedy, a polarizing figure because of his controversial views on vaccines and public health policies, will need Senate confirmation to assume the role. However, Trump has hinted at the possibility of bypassing the confirmation process by making a suspension appointment if necessary. If confirmed, Kennedy would oversee…

As President-elect Donald Trump prepares to return to the White House in January, a potential clash with Federal Reserve Chairman Jerome Powell looms on the horizon, largely dependent on evolving economic conditions. If inflation rises and the economy overheats, the Fed may feel forced to slow the pace of interest rate cuts or even keep them stable. Such a move could put Powell on a collision course with Trump, who has historically criticized the Fed for not easing monetary policy quickly enough. This potential tension is not new. Powell, appointed Fed chair by Trump in 2018, often found himself at…

In a recent press conference following a meeting of the Federal Open Market Committee, Federal Reserve Chair Jerome Powell answered a series of questions from reporters asking for his views on newly elected President Donald Trump. While Powell has refrained from engaging in political discussions, it is clear that the economic implications of Trump's presidency are set to have a significant impact on Federal Reserve policies. Powell, appointed by Trump in 2017, has already faced criticism from the former president, who labeled Fed officials “boneheads” and made disparaging comparisons of their performance. During the news conference, Powell sidestepped questions regarding…

More news - Breaking news As President-elect Donald Trump prepares to take office in January, he is expected to reinstate key elements of his previous economic platform, including tariffs, tax cuts and sanctions. Steven Mnuchin, who served as Treasury Secretary during Trump's first term, discussed these priorities in a recent interview with CNBC. Key components of Trump's economic strategy Tax cutsMnuchin stressed that tax cuts will remain a “distinctive part” of Trump's agenda. He expressed confidence that passing tax reforms in Congress should be easy, especially if Republicans maintain control of the House. RatesThe former Treasury secretary reiterated Trump's commitment…