Can Trump really influence interest rates?

President-elect Donald Trump and some of his allies have suggested, to varying degrees, that Trump should be allowed to meddle with the Federal Reserve’s decisions about US monetary policy. “I think I have the right to say, ‘I think you should go up or down a little bit,’” Trump said, referring to interest rates, which…

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‘We know what is coming’: Federal bureaucrats wrestle with fight-or-flight response to Trump election

Thousands of federal bureaucrats have lived through one Donald Trump administration. Many are not sure they can or will survive a second. POLITICO spoke with more than a dozen civil servants, political appointees under President Joe Biden and recently departed Biden administration staffers in the days since the presidential election was called for Trump, who…

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Schumer withholds Senate orientation invite from McCormick

Senate Majority Leader Chuck Schumer will not allow Sen.-elect Dave McCormick (R-Pa.) to participate in Senate orientation this week because he doesn’t consider the race to be resolved yet. Though the Associated Press projected Thursday that McCormick defeated Democrat incumbent Bob Casey in Pennsylvania’s Senate race, Casey has yet to concede, claiming that there are…

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