Donald Trump, in a speech in New York, said the commission would conduct a sweeping audit of the federal government and recommend “drastic reforms” for cutting waste.
Related Posts
Lisa Cook Defies Trump Bid to Fire Her as Fed Governor
Ms. Cook said that she would not resign from the Board of Governors, hours after President Trump announced he was firing her.
Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.
PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.