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On Thursday, Trump said he plans to nominate his political ally Herman Cain, the former head of Godfather’s Pizza, to one of two vacancies on the Fed’s seven-member Board of Governors. Cain runs a political fundraising group that has spent more than half its money supporting Trump’s reelection. Two weeks ago, Trump said he would nominate conservative economic commentator Stephen Moore to the other vacant seat on the Fed’s board. Moore is also a longtime Trump ally who has joined him in criticizing last year’s rate hikes montblanc spider cufflinks.
The president’s top economic adviser, Larry Kudlow, told Bloomberg News that both potential nominees share the view that strong growth does not necessarily cause inflation, which central bankers try to prevent by raising rates. Half a dozen Fed officials in recent days have touted the underlying strength of the American economy and argued a recent spate of weak data on business activity is more likely to prove fleeting than lasting montblanc spider cufflinks. None said they currently back a rate cut and some have said rate hikes may eventually be necessary..
(Reuters) – U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter. While Volkswagen AG, Tesla Inc and other electric-focused automakers and battery manufacturers are expanding in the United States and investing billions in the new technology, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities montblanc spider cufflinks.
For a graphic, click tmsnrt.rs/2Azl09N. China already dominates the electric vehicle supply chain. It produces nearly two-thirds of the world’s lithium-ion batteries – compared to 5 percent for the United States – and controls most of the world’s lithium processing facilities, according to data from Benchmark Minerals Intelligence, which tracks prices for lithium and other commodities and is organizing the Washington, D.C., event montblanc spider cufflinks. U.S. imports of lithium have nearly doubled since 2014 due in part to rising demand from Tesla, SK Innovation Co and others building battery plants in the country, according to the U.S. Geological Survey..
“We need to find ways to more efficiently develop our nation’s domestic critical mineral supply because these resources are vital to both our national security and our economy,” North Dakota Senator John Hoeven, a member of the Senate’s Energy and Natural Resources Committee, said in a statement to Reuters when asked about the meeting. Hoeven and Senator Lisa Murkowski, chair of the Senate’s energy committee, have been invited to attend the meeting. Officials from the U.S. Department of State, Department of Energy, Department of the Interior and the U.S montblanc spider cufflinks. Geological Survey plan to attend, according to two of the sources..