To be sure, the sudden drop in the dollar, by itself, “isn’t large enough to break anything,” as Setser put it. And on Friday the U.S. currency recovered some of its recent losses after Trump nominated Kevin Warsh, an experienced Republican banker, to replace Jerome Powell as the chair of the Federal Reserve. The market’s…
President Trump has announced an executive order to allow victims of the Los Angeles wildfires to rebuild without dealing with “unnecessary, duplicative, or obstructive” permitting requirements. The order, which is likely to be challenged by the city and state, claimed that local governments have failed to adequately process permits and were slowing down residents who…
MEXICO CITY — Adrián Ramírez hadn’t been to his hometown in western Mexico for more than two decades. When he finally returned there early last year after being deported from the United States, he found the place transformed. Ramírez remembered the town as vibrant. But the discotheque where he used to dance through the night in his…