(JTA) — Janet Yellen submitted her resignation from the board of governors of the Federal Reserve.
Yellen’s resignation will go into effect upon the swearing in of a new chair of the central bank. President Donald Trump has nominated current Federal Reserve Governor Jerome Powell to take the post.
With the departure of Yellen, Trump will have four open seats to fill on the Federal Reserve board. Past presidents have traditionally reappointed their predecessor’s choice to lead the Fed.
Yellen’s term as chair of the Federal Reserve expires on Feb. 3. However, she could have chosen to remain a governor, since she…
WASHINGTON (JTA) — In 1987, Congress passed legislation that declared there would never be an office of the Palestine Liberation Organization on U.S. soil. President Ronald Reagan agreed and signed the law.
Seven years later the law was still on the books. But that year the PLO opened an office in Washington — with the blessing of Congress and President Bill Clinton.
Since then, a PLO office has remained in the U.S. capital, navigating a persistent anomaly: The 1987 law officially bans the existence of a PLO office, but it remains open as long as the Palestinians…
(JTA) — The co-founder of the foundation that awards the Genesis Prize, known as the “Jewish Nobel,” denied a report that Ruth Bader Ginsburg was intended to be the award’s 2018 laureate but instead was given a lifetime achievement award as “a consolation prize.”
Stan Polovets denied the veracity of an article published Friday in Haaretz, which quoted unnamed sources saying that the $1 million award given last week to actress Natalie Portman was originally going to the Jewish Supreme Court justice.
The foundation then created a new prize, a lifetime achievement award, to give Ginsburg as “a consolation prize,” the…
JERUSALEM (JTA) — The Israeli army’s chief of staff gave the first interview by someone in his post to a Saudi news outlet.
Gadi Eisenkot told the Elaph news website Thursday that Israel is ready to share intelligence with Saudi Arabia as part of a joint effort to curb Iranian influence in the region. The interview was his first with an Arabic media outlet.
Israel and Saudi Arabia do not have diplomatic ties. Elaph is Saudi owned but based in London.
In the interview, Eisenkot called Iran “the biggest threat to the region” and said Saudi Arabia was in…
(JTA) — The U.S. House of Representatives passed major tax reform legislation along party lines that critics said effectively repeals an amendment designed to keep houses of worship nonpartisan.
The vote Thursday was 227-205, with 13 House Republicans joining all Democrats to oppose the Tax Cuts and Jobs Act. Its passage represents the advancement of a key agenda item for President Donald Trump and congressional Republicans, CNN reported.
The Anti-Defamation League said the bill constitutes a repeal of the Johnson Amendment, which bars tax-exempt nonprofits from endorsing or opposing candidates. For decades, the ADL said, the amendment “has protected…