Government

Foreign investors would also pull their money out of the U.S.

Over the last few years, FEMA’s BRIC program has awarded $4.5 billion worth of grants intended to help communities prepare for future disasters. But with the Trump administration eying the program for cuts, what happens if that money goes away?

Fed governors can only be fired for cause. “The extent to which there is cause is, at best, dubious,” said Karen Petrou of Federal Financial Analytics.

“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.

Washington’s investment may well come with unintended consequences.

Inflation is taking a back seat as Fed Chair Jerome Powell signaled that a rate cut is coming.

The first time central bank officials set 2% as their inflation target was in 2012.

July’s weak jobs report could be grounds for a big rate cut come September.

President Donald Trump recently demanded that Federal Reserve Governor Lisa Cook resign after she was accused of mortgage fraud.

From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.