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The Senate takes control, the White House can no longer appoint "its own people", has the Federal Reserve's independence alarm been lifted?
After the Senate changed hands, the White House's room to install its own people at the Federal Reserve has been significantly narrowed. JPMorgan economist Feroli pointed out that the only expiring Federal Reserve Board position in the next two years is Powell's chairmanship (January 2028). If the White House wants to fill it, it must nominate a candidate acceptable to the Democratic-controlled Senate; otherwise, the seat will remain vacant. Meanwhile, the political value of removing Board member Cook has therefore diminished, and current Chair Waller's path to reappointment is also facing new congressional public relations pressure.
BoJ Minutes: Members agree it was suitable for bank to keep increasing policy interest rate
Waymo and Uber (UBER.US) exclusive Robotaxi partnership in two cities will end in 2028
Waymo plans to end its exclusive Robotaxi partnership with Uber (UBER.US) in Austin and Atlanta in January 2028. At that time, customers will be able to book autonomous rides through the Waymo app.
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