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Oil Executives Talk Permitting But Not Prices in Trump Meeting

(Bloomberg) -- Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing Abou

Tariffs to delay inflation progress, too soon to gauge impact, Fed's Powell says

U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the economy quickly. Powell told a news conference after the Fed held rates steady that it was too soon to determine whether the Fed needed to look through the inflationary impact from higher tariffs.