All 12 governors of the Federal Reserve’s Open Market Committee voted to raise their target lending rate by one-quarter of a point to temper inflation. +
The Federal Trade Commission has published new price advertising guidance for auto dealers amid a barrage of warning letters and enforcement actions. +
President Trump remains opposed to any limits on AI development as a plea for regulation from Anthropic’s Dario Amodei sets off a firestorm. +
Autoblog’s Jacob Oliva says Prestige Imports’ lawsuit makes the Sweden-based, China-owned EV manufacturer’s exit from the U.S. market “a lot messier.” +
FTC Chairman Andrew Ferguson says the agency will no longer pursue discrimination claims based on the “pernicious” theory denounced by President Trump. +
Geely Holding-owned Polestar failed to secure an exemption to the Connected Vehicle Rule and may no longer sell new EVs in the United States. +
Kevin Warsh joined a unanimous vote to hold the Federal Reserve’s target lending rate at 3.5% to 3.75% and warned inflation could force an increase. +
President Donald Trump has signed an executive order establishing federal regulatory oversight of advanced AI, establishing a 30-day government review period for “frontier” models. +
President Donald Trump called off an executive order establishing constraints on AI hours before a signing ceremony, fearing it would affect America’s competitive advantage. +
The Federal Reserve board of governors voted 8-4 in favor of holding its target lending rate at 3.5% to 3.75%, where it has stood since December, in what was likely its last meeting led by chairman Jerome Powell. +
