Today’s edition of quick hits.
* The Personal Consumption Expenditures price index is a metric the Federal Reserve cares about: “Americans hoping for some relief on inflation suffered a setback in February, as new data showed underlying price pressures intensifying even before the latest escalation in President Trump’s trade war and consumers pulled back on spending.”
* In related news: “Renewed inflation fears, plummeting consumer confidence and rising doubts about the payoff from artificial intelligence touched off a fresh round of heavy selling in stocks Friday.”
* A discouraging ruling: “A federal appeals court has cleared the way for President Donald Trump to fire members of executive branch boards that oversee federal employee grievances and labor disputes across the nation.”
* An encouraging court order: “A federal judge in Washington put a temporary hold on the Trump administration’s plans to cull the Consumer Financial Protection Bureau’s workforce and effectively shutter the agency. Judge Amy Berman Jackson of the US District Court for the District of Columbia on Friday applied a preliminary injunction blocking the CFPB from firing workers and requiring it to bring back some terminated employees.”
* A welcome reversal: “The Trump administration reversed its decision to terminate a U.S. initiative that documented alleged Russian war crimes on Thursday following reporting by The Washington Post and other media outlets, according to U.S. officials and congressional aides familiar with the matter.”
* Another welcome reversal: “Reversing course, the Trump administration on Thursday restored funding for Radio Free Europe/Radio Liberty, a federally financed news organization born out of American efforts to counter Soviet propaganda during the Cold War.”
* A Trumpified EPA: “The Biden administration required coal- and oil-burning power plants to greatly reduce emissions of toxic chemicals including mercury, which can harm babies’ brains and cause heart disease in adults. Now, the Trump administration is offering companies an extraordinary out: Send an email, and they might be given permission by President Trump to bypass the new restrictions, as well as other major clean-air rules.”
* I’ve followed Judge William Pryor’s career for a very long time, and it’s good to see him take a principled position: “A conservative federal appeals judge who President Donald Trump considered a potential candidate for a U.S. Supreme Court nomination during his first term said impeaching judges was not the way to address court rulings with which parties disagreed. Chief U.S. Circuit Judge William Pryor of the Atlanta-based U.S. Court of Appeals for the 11th Circuit in an podcast interview released on Thursday threw his support behind Chief U.S. Supreme Court Justice John Roberts’ statement last week rebuking Trump for calling for a judge’s impeachment.”








