The Treasury chief says recent inflation data and signs of labor market cooling justify a jumbo rate cut in September—followed by series of more reductions.
Faculties that run institutions are idealistic, but senior leaders who negotiate with the federal government focus on the bottom line, say policy experts.
Intel’s new CEO, Lip-Bu Tan, a long-term chip executive and prolific investor, has come under scrutiny for his investments in China’s largest chip companies.