IMF Says Zimbabwe's Economy Has Made ‘Significant Progress'
Wojciech Maliszewski, who is visiting the southern African nation to conduct a regular IMF economic health update, said the conduct of the Reserve Bank of Zimbabwe, which has vowed to halt printing money to finance the government, was particularly impressive.
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Yahoo
an hour ago
- Yahoo
NFL Players Association executive JC Tretter is resigning amid union overhaul
WASHINGTON (AP) — NFLPA chief strategy officer JC Tretter is resigning from his position, three days after Lloyd Howell stepped down as executive director of the players' union. Tretter told CBS Sports on Sunday that he doesn't want to be considered for the NFLPA's interim executive director position and denied he played any role in undermining Howell's position. 'Over the last couple days, it has gotten very, very hard for my family. And that's something I can't deal with,' Tretter told CBS Sports on Sunday. 'So, the short bullet points are: I have no interest in being (executive director). I have no interest in being considered. I've let the executive committee know that. I'm also going to leave the NFLPA in the coming days because I don't have anything left to give the organization.' The 34-year-old Tretter, who played center for eight seasons with Green Bay and Cleveland through 2021, was the player president from 2020 to 2024. He served in his new role since October 2024. Howell resigned Thursday after two years because his leadership had become a distraction. Howell has come under scrutiny since ESPN reported he has maintained a part-time consulting job with the Carlyle Group, a private equity firm that holds league approval to seek minority ownership in NFL franchises. That followed the revelation that the NFLPA and the league had a confidentiality agreement to keep quiet an arbitrator's ruling about possible collusion by owners over quarterback salaries. The latest issue was an ESPN report Thursday that revealed two player representatives who voted for Howell were not aware that he was sued in 2011 for sexual discrimination and retaliation while he was a senior executive at Booz Allen. In 2023, a year after the NFLPA sued the owners for collusion, the NFL sued the union after Tretter suggested in an interview that running backs who were unhappy with their contracts could fake injuries, which would be a violation of the collective bargaining agreement. The grievance also was decided this year and was not shared publicly. Tretter told CBS Sports he didn't have access to the collusion grievance and wasn't involved in the confidentiality agreements. Tretter was the NFLPA's player president in 2023 when Howell was elected as the union's executive director following a vote that changed the union's constitution and made the search and election process more confidential. 'I'm not resigning because what I've been accused of is true,' Tretter said. 'I'm not resigning in disgrace. I'm resigning because this has gone too far for me and my family, and I've sucked it up for six weeks. And I felt like I've been kind of left in the wind taking shots for the best of the organization. ... And in the end, what's the organization done for me? Like, nothing.' ___ AP NFL:
Associated Press
an hour ago
- Associated Press
NFL Players Association executive JC Tretter is resigning amid union overhaul
WASHINGTON (AP) — NFLPA chief strategy officer JC Tretter is resigning from his position, three days after Lloyd Howell stepped down as executive director of the players' union. Tretter told CBS Sports on Sunday that he doesn't want to be considered for the NFLPA's interim executive director position and denied he played any role in undermining Howell's position. 'Over the last couple days, it has gotten very, very hard for my family. And that's something I can't deal with,' Tretter told CBS Sports on Sunday. 'So, the short bullet points are: I have no interest in being (executive director). I have no interest in being considered. I've let the executive committee know that. I'm also going to leave the NFLPA in the coming days because I don't have anything left to give the organization.' The 34-year-old Tretter, who played center for eight seasons with Green Bay and Cleveland through 2021, was the player president from 2020 to 2024. He served in his new role since October 2024. Howell resigned Thursday after two years because his leadership had become a distraction. Howell has come under scrutiny since ESPN reported he has maintained a part-time consulting job with the Carlyle Group, a private equity firm that holds league approval to seek minority ownership in NFL franchises. That followed the revelation that the NFLPA and the league had a confidentiality agreement to keep quiet an arbitrator's ruling about possible collusion by owners over quarterback salaries. The latest issue was an ESPN report Thursday that revealed two player representatives who voted for Howell were not aware that he was sued in 2011 for sexual discrimination and retaliation while he was a senior executive at Booz Allen. In 2023, a year after the NFLPA sued the owners for collusion, the NFL sued the union after Tretter suggested in an interview that running backs who were unhappy with their contracts could fake injuries, which would be a violation of the collective bargaining agreement. The grievance also was decided this year and was not shared publicly. Tretter told CBS Sports he didn't have access to the collusion grievance and wasn't involved in the confidentiality agreements. Tretter was the NFLPA's player president in 2023 when Howell was elected as the union's executive director following a vote that changed the union's constitution and made the search and election process more confidential. 'I'm not resigning because what I've been accused of is true,' Tretter said. 'I'm not resigning in disgrace. I'm resigning because this has gone too far for me and my family, and I've sucked it up for six weeks. And I felt like I've been kind of left in the wind taking shots for the best of the organization. ... And in the end, what's the organization done for me? Like, nothing.' ___ AP NFL:
Yahoo
2 hours ago
- Yahoo
Powell once said he couldn't imagine leaving the Fed early—other than dying. ‘You will not see me getting in the lifeboat'
As President Donald Trump continues to put pressure on Federal Reserve Chairman Jerome Powell, an earlier standoff between the two men could offer clues on how their current one might play out. In 2019, like today, Trump demanded the central bank hurry up and cut rates, raising questions about Powell's future as Fed chief and whether he would step down. Federal Reserve Chairman Jerome Powell signaled in 2019 that he would rather go down with the ship than save his own skin and compromise the independence of the central bank. As President Donald Trump continues to put pressure on Powell, an earlier standoff between the two men could offer clues on how their current one might play out. In 2019, like today, Trump demanded the Fed hurry up and cut rates amid a trade war he had launched, raising questions about Powell's future as Fed chief and whether he would step down. During a House Financial Services Committee hearing in July of that year, Powell was asked by then-Chairwoman Maxine Waters, 'If you get a call from the president today or tomorrow and he said 'I'm firing you. Pack up and it's time to go.' What would you do?' 'Of course I would not do that,' Powell replied. 'I can't hear you,' Waters said, prompting laughter in the chamber. 'The answer would be 'no,'' Powell reiterated. 'You think the president doesn't have the authority. Is that why you would not leave?' Waters asked. 'The law clearly gives me a four-year term, and I fully intend to serve it,' Powell said. According to the 2022 book Trillion Dollar Triage by Wall Street Journal reporter Nick Timiraos, he was even more adamant in private about not stepping down early. 'I will never, ever, ever leave this job voluntarily until my term ends under any circumstances. None whatsoever. You will not see me getting in the lifeboat,' Powell told a reporter that spring. 'It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying.' For Powell, who was first appointed Fed chief by Trump, the top priority was to ensure the U.S. economy continued to expand but also to preserve the Fed as an institution, including its independence, according to the book. Weeks after that House hearing, the Fed lowered rates a quarter point, but Trump kept haranguing and insulting Powell, calling for even more easing. Given that history, Powell's tenure became an issue again after Trump was re-elected. In November, Powell was asked whether he would step down if asked by Trump. He replied no, adding later that it's 'not permitted under the law' for the president to fire or demote him or any other Fed governors in leadership positions. Months later, Trump imposed sweeping tariffs across U.S. trading parters, raising fears of stagflation—weak economic growth coupled with high inflation. While inflation hasn't spiked yet and growth remains intact, the Fed has held off on lowering rates, drawing the ire of Trump. On Wednesday, Trump said it was 'highly unlikely' that he would fire Powell, while confirming that he had discussed the 'concept' of dismissing him with House Republicans during a White House meeting Tuesday night. Still, Trump and other White House officials have continued to attack Powell over renovations at the Fed's headquarters, accusing him of mismanagement. Democratic Sen. Elizabeth Warren, a longtime critic of Powell, suggested the renovation issue was 'a pretext to get him fired.' Meanwhile, JPMorgan CEO Jamie Dimon and other chiefs at top banks said this past week that central bank independence is crucial to the economy and financial markets. Powell's term as chairman of the board of governors expires in May 2026, but his term as a governor extends to January 2028. That means he would still be eligible to serve as chairman of the rate-setting Federal Open Market Committee, if he chooses to stick around as governor. Historically, the board chair has also been FOMC chair, but the law allows the FOMC to determine its own internal organization. So it's possible one person could serve as Fed board chair, and a different person could serve as FOMC chair. On Tuesday, Treasury Secretary Scott Bessent said moves to replace Powell are under way and suggested that he should consider stepping down from the Fed entirely once his chairmanship ends. 'Traditionally, the Fed chair also steps down as a governor,' he told Bloomberg. 'There's been a lot of talk of a shadow Fed chair causing confusion in advance of his or her nomination. And I can tell you, I think it'd be very confusing for the market for a former Fed chair to stay on also.' This story was originally featured on
