New study finds Earth warming at record rate, but no evidence of climate change accelerating

A US Supreme Court ruling Thursday in a legal battle over President Donald Trump’s firing of two federal labor board members contained a line that eased, for now, worries that the cases could open the door for Trump to fire Federal Reserve Chair Jerome Powell at will. The court’s order allows Trump to keep the two Democratic labor board members sidelined while they challenge the legality of their removal. Lawyers for Gwynne Wilcox, who was removed from the National Labor Relations Board, and for Cathy Harris, who was dismissed from the Merit Systems Protection Board, had argued that a ruling in favor of the Trump administration could undermine legal protections for Fed policymakers long seen as being insulated from presidential dismissal for reasons other than malfeasance or misconduct. “We disagree,” a majority of justices said in the court’s brief, unsigned ruling. “The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks.”
The two cases have been closely watched as proxies for whether Trump has the authority to fire officials at the Fed. The Federal Reserve Act of 1913 that created the nation’s third and still existing central bank stipulates that Fed officials may be dismissed only “for cause,” not for political or policy disagreements.
“This view of the Supreme Court really does ease my worries about their inclination to extrapolate from the NLRB cases to the Fed so I breathed a sigh of relief,” said LH Meyer analyst Derek Tang, who has followed the cases closely.
Trump has repeatedly lashed out at Powell, whom he nominated to the post during his first term and who was renominated to a second term by Democratic President Joe Biden, and said he wants to see him gone from the central bank. Though Trump, who has attacked Powell over the Fed’s decision to not lower interest rates, recently said he has no intention of trying to fire Powell, the possibility has unsettled financial markets that bank on an independent Fed’s ability to do its job without political interference.
Powell has said he believes his firing would not be permitted under the law.
The Fed system’s seven governors, including the system chair, are appointed by the president and confirmed by the Senate. Powell’s term ends in May 2026, and Trump is expected to nominate a successor in the coming months.
Krishna Guha, a vice chair at Evercore ISI, said the Supreme Court’s opinion was encouraging but not definitive. “It strictly only addresses whether a ruling on Wilcox would ‘necessarily’ implicate the Fed,” he said
A Fed spokeswoman did not have a comment. 

WASHINGTON: US President Donald Trump will sign executive orders as soon as Friday that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains, four sources familiar said.
Facing the first rise in power demand in two decades from the boom in artificial intelligence, Trump declared an energy emergency on his first day in office.
Chris Wright, the energy secretary, has said the race to develop power sources and data centers needed for AI is “Manhattan Project 2,” referring to the massive US program during World War II to develop atomic bombs.
A draft summary of the orders said Trump will invoke the Cold War-era Defense Production Act to declare a national emergency over US dependence on Russia and China for enriched uranium, nuclear fuel processing and advanced reactor inputs.
The summary also directs agencies to permit and site new nuclear facilities and directs the Departments of Energy and Defense to identify federal lands and facilities for nuclear deployment and to streamline processes to get them built.
It also encourages the Energy Department to use loan guarantees and direct loans to increase the build out of reactors. Trump only used the Loan Programs Office in his first administration to support a large nuclear plant in Georgia.
The LPO has now has hundreds of billions of dollars in financing thanks to legislation passed during former President Joe Biden’s administration, but has been hit hard by job cuts during Trump’s second administration.
The White House did not immediately respond to a request for comment. The exact text and wording of draft executive orders is subject to frequent changes and there is no guarantee elements of the EOs will not be excised or modified during the final stages of the review process.
The United States was the first developer of nuclear power and has the most nuclear power capacity in the world, but the energy source is now growing the fastest in China.
One of the sources said officials from the industry including the Nuclear Energy Institute and Constellation , a utility with the biggest US reactor capacity, were invited to attend a signing ceremony Friday afternoon. Constellation and NEI did not immediately respond to requests for comment.
The Trump administration has been debating four draft executive orders to boost nuclear power that sought ways to give the administration more power to approve reactors and reform the Nuclear Regulatory Commission, the body of five panelists that approves reactors.
Nuclear is popular with Democrats for being virtually free in carbon emissions and with Republicans for providing reliable electricity compared to wind and solar power which can be intermittent, a problem that can be managed with battery storage.
Nuclear power produces radioactive waste which for which there is no permanent repository in the United States.