It’s taken just a few weeks in office, but the Trump administration’s apparent vision for economic populism is coming into focus: a blueprint for mass layoffs, creeping inflation, and a dissolution of consumer safeguards reviled by many wealthy Republican donors and politicians.
The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.
The Trump administration’s demand that federal agencies plan to radically downsize is driven by a key figure in the conservative movement who has long planned this move.
The RIFs directive from the White House is the latest step the Trump administration has taken to reduce the size of the federal workforce.