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Financial Markets
Fed Chair Search Expands to Include Three New Names
NeutralFinancial Markets
The search for the next chair of the Federal Reserve is widening to include three new candidates: vice chairs Michelle Bowman and Philip Jefferson, along with Dallas Fed President Lorie Logan. Interviews are ongoing, and a final choice is expected this fall.
Editor’s Note: This story matters because the Federal Reserve's leadership plays a crucial role in shaping monetary policy, which affects the economy, jobs, and inflation rates.
Immediately preceding and following the pandemic, wages for poor workers began rising much faster than they did for the rich. That era may have come to at least a temporary halt.
NegativeFinancial Markets
Wage growth for the rich is now outpacing that of low-income workers again, marking a potential shift after a period where the poorest saw faster increases.
Editor’s Note: This matters because it highlights the ongoing income inequality issue, showing that gains for low-wage workers may not be sustainable in the long term.
President Trump plans to nominate E.J. Antoni, chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics
PositiveFinancial Markets
President Trump is set to nominate E.J. Antoni, a conservative economist from the Heritage Foundation, to head the Bureau of Labor Statistics, gaining support from key figures like Steve Bannon.
Editor’s Note: This nomination is significant because the Bureau of Labor Statistics plays a crucial role in shaping economic policy, and Antoni's conservative focus could influence data interpretation.

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