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Trump’s Attack of Powell Tempered by Risk of Market Panic

President Trump again attacked the chair of the Federal Reserve this week, but advisers say the president has turned more cautious on policies that could stoke extreme financial volatility again.

© Cheriss May for The New York Times

The president’s advisers have repeatedly told him that firing Jerome H. Powell, the Federal Reserve chair, is both legally and financially fraught.
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Head of I.R.S. Is Ousted in Treasury’s Power Struggle With Elon Musk

Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his knowledge.

© Al Drago for The New York Times

Gary Shapley, a longtime I.R.S. agent, was lauded by conservatives after he publicly argued that the Justice Department had slow-walked its investigation into Hunter Biden’s taxes.
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