Trumpās Federal Reserve chair pick to face lawmakers at key confirmation hearing ā US politics live
The hearing marks a key hurdle Kevin Warsh must overcome in order to succeed Jerome Powell when his term ends on 15 MayHello and welcome to the US politics live blog.President Donald Trumpās choice to lead the Federal Reserve will commit to protecting central bank independence on interest rates at a crucial confirmation hearing later today.Lori Chavez-DeRemer, Donald Trumpās labor secretary, resigned from her role with the administration. She said it was āan honor and a privilege to serveā to serve and that she would take on a job in the private sector. The departure came after she became entangled in a string of political and personal controversies. Democrats celebrated, writing āthis administration is implodingā.Chuck Schumer, the Senate minority leader, called for Kash Patelās immediate resignation following a report from the Atlantic detailing the FBI directorās alleged excessive drinking and absences. Patel has sued the magazine for defamation with his attorneys calling the article a āsweeping, malicious, and defamatory hit pieceā.Donald Trump signed memorandums related to coal supply chains, natural gas and grid infrastructure on Monday. The president invoked the Defense Production Act in the energy-related memos, writing that increasing energy production is āessential to United States national defenseā.The crowded field of Democratic candidates in the Californiaās governorās race appears to be narrowing as Betty Yee ā a former state controllerā announced Monday she planned to end her campaign. Meanwhile, the California Democratic party chair Rusty Hicks continued to urge candidates trailing in the polls to exit the race. Continue reading...
theguardian.com