Federal Reserve Bank of Chicago President Austan Goolsbee warns that lessons from the pandemic suggest tariffs might become inflationary by creating supply-side disruptions.
If the Musk team shut down legally legitimate transfers, that could spark debate over whether the federal government is following through on its obligations.
Mexico has avoided tariff risk in the immediate term. Many expect Trump to reach the same type of deal with Canada, but currently the 25% tariff on Canada kicks in tomorrow.
Targeted countries vow to hit back, and analysts predict “a significant supply shock” to the U.S. economy resulting in 1.2% lower GDP and 0.7% higher inflation.
The class-action lawsuit, filed on behalf of 60,000 plan participants, alleges that the airline failed to replace a “chronically underperforming” large-cap fund holding more than $2 billion in retirement plan assets.
Fueled by a generous tailwind from consumer spending, the growth supports the Fed’s view that the economy is strong—and interest rates do not need to be lowered rapidly.
The ERISA Industry Committee, along with two other industry groups, is seeking the dismissal of the drugmaker’s PRT class-action lawsuit over the transfer of its pension plan to Athene Annuity, alleging a breach of fiduciary duties.
