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Policy Daily Review August 17, 2017

Policy Daily Review for August 17, 2017 Policy forum dissolves after Trump’s Charlottesville remarks: report President Donald Trump’s so-called strategic and policy forum has disbanded, CNBC reported, citing a member. The council of business leaders is separa   Asia Stocks Mixed, US Dollar Down On Fed Minutes, ECB Up Next The perceived prospect of a delay to US interest rate rises made for a cautious Asian session marked by a weaker US Dollar and lackluster   ECB’s Lautenschlager Says “Clock Is Ticking” For Banks In Brexit Preparation Eurozone banks must…

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Fed Policymakers Grow More Worried About Weak Inflation

“Fed officials have been priming markets for a probable move at their next policy meeting on Sept. 19-20” writes Min Read for reuters.com. Senior Fed officials have largely dismissed the inflation softness as temporary.The central bank’s preferred inflation measure dropped to 1.5 percent in June from 1.8 percent in February and has remained below its 2 percent target for more than five years.Voting members of the Fed’ rate-setting committee agreed to monitor inflation closely in light of the concerns, with a few policymakers cautioning that the central bank’s framework for…

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Sorry Tucker Carlson: Just because you hate Google’s decision doesn’t mean Congress should regulate them

“Regardless, there could have been much more to the Google’s decision than just the memo: so why should Tucker Carlson or I get to decide Google’s HR policy?” writes Charles Sauer for washingtonexaminer.com. Fox News’s Tucker Carlson fully jumped into the populist policy arena by proposing to harass Google into submission merely because they fired someone, James Damore, unfairly (as Tucker sees it).And the only group that should have less influence than Tucker or I do over Google’s day-to-day HR policy is Congress. Source: washingtonexaminer.com Share This:

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Trump disbands economic councils as Charlottesville fallout continues

“The fallout from President Trump’s response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils” writes unknown author for usatoday.com. And as resignations began to mount and the story refused to wane, the CEOs on the policy forum began contemplating its future. Source: usatoday.com Share This:

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Rejected by CEOs, Trump abruptly shutters two business groups

“Rejected by a broad swath of top CEOs over his incendiary comments on race, President Trump on Wednesday abruptly shut down his two key groups of outside business advisers” writes Erica Pandey for axios.com. Even before the group could make its official announcement, Trump tweeted: “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both.We are witnessing the swiftest, biggest big business rebuke/revolt of the Trump presidency. Source: axios.com Share This:

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The White House Is Under Siege

“Having long nursed a grudge over being viewed derisively by many business moguls, he reveled in inviting them to the White House” writes David A for theatlantic.com. The improbability of that happening is manifest in the case of Trump’s manufacturing and strategy councils, in which he would not sacrifice white identity politics to defend another of his top priorities. Source: theatlantic.com Share This:

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The view from the White House is a lonely one as the business community abandons Trump

“Neither has the administration proposed a plan for tax reform, the next big issue on the horizon” writes unknown author for cnbc.com. But here’s where the White House really stands, now that corporate America is bolting for the door: Nearly seven months after Inauguration Day the administration still hasn’t proposed an infrastructure plan. Source: cnbc.com Share This:

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Trump abruptly ends manufacturing council after CEOs disband strategic and policy forum

“By the time Trump made his statement, several executives had left the manufacturing group this week” writes Andrew Harrer for cnbc.com. In a private phone call Wednesday afternoon, CEOs who were part of a strategic council to Trump agreed to disband the group and condemn Trump’s confrontational response to a violent white supremacist rally in Charlottesville, Virginia. Source: cnbc.com Share This:

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