Chairman Powell says they will “do whatever it takes.” Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. central bank will “do whatever it takes” even if…
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FTC Proposes Anti-Scam Car Resale Rules
Could ban bait-and-switch advertising and junk fees. The Federal Trade Commission (FTC) has proposed rules to improve consumers’ used-car-buying experience. Though the FTC has been enforcing its current…
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FDA Prohibits Marketing of Juul Vaping Products
Both e-cigarette devices and pods are to be pulled from shelves. The Food and Drug Administration has ordered Juul to remove its vaping products from the market. The…
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Legislators Propose Review of Semiconductor Supply Chain
Chips are primarily produced in Taiwan. A bipartisan group of legislators in the House of Representatives led by Representative Mike Gallagher of Wisconsin is proposing a systematic review…
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Secretary Yellen Says Gas Tax Holiday Worth Considering
National average price per gallon exceeds $5. Treasury Secretary Janet Yellen said a federal gas tax holiday to ameliorate the burden of rising gas prices across the country…
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Small Businesses Fall Behind in Hiring
Inflation is taking its toll. Data shows that companies with 50 workers or less have lost employees and face hiring difficulties over three of the past four months. Keeping…
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Census Bureau Launches New Business Survey
Seeks to measure changing business conditions. The U.S. Census Bureau announced the launch last week of the Business Trends and Outlook Survey (BTOS). This new experimental survey replaces…
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Secretary Granholm to Meet with Oil Executives
Seeking executive input for oil price solutions. In the letter President Biden wrote to oil executives on Wednesday, he stated that they should begin working with Energy Secretary…
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President Calls on Oil Companies to Increase Gas Output
Sent a letter to CEOs with expectations. President Biden told the CEOs of the nation’s major oil companies in a letter that he is considering invoking emergency powers…
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Federal Reserve Raises Key Rate 0.75 Percent
Short-term rate now 1.75%, could still increase. On Wednesday, the Federal Reserve announced that it will be addressing inflation by raising its interest rate from 1% to 1.75%.…
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