Powell Demurs on Tax Debate, But Says He Favors Loosening Bank Regulations

Jerome Powell, President Donald Trump’s pick for Federal Reserve chairman, said Tuesday he believes the central bank “can push harder on employment” by allowing the jobless rate to fall below 4 percent, and predicted the economy will grow by about 2.5 percent next year, although he said it would slow after that, due to lagging gains in productivity.

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Virginians Worry About Fate of Much-Used Tax Credit

As the tax reform debate rolls on in the halls of Congress, Virginians worry about the fate of the Federal Historic Preservation Tax Incentives program, which has led to the rehabilitation of hundreds of old buildings across the state. The House tax plan axes the program; the Senate plan keeps it. But no one knows what reconciliation will bring.

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