President-elect Donald Trump is preparing executive orders aimed at boosting American fossil fuels ahead of his inauguration next Monday, per the Wall Street Journal.
President-electDonald Trump is preparing executive orders aimed at boosting American fossil fuels ahead of his inauguration next Monday, per the Wall Street Journal. Trump is expected to order agencies to begin unwindingPresident Biden's limits on drilling offshore and on federal land. Additionally, Trump intends to push for a rollback of tailpipe emissions rules he has described as an “EV mandate,”as well as resume approvals for plants that export US natural gas.
The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
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