The Daily Money: Is consumer protection on the chopping block?

Good morning! It’s Daniel de Visé with your Daily Money.

The Consumer Financial Protection Bureau is the latest government agency potentially on President Donald Trump’s chopping block.

Not only did Trump fire Rohit Chopra, who headed the independent agency, on Feb. 1, but over the weekend, Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB to stop working. 

If the CFPB gets axed, as some expect, watchdogs say consumers could pay dearly. And not just in cash.

Retailers: Don't put all our eggs in one basket

Trader Joe's and other retailers have recently moved to enact a purchase limit on eggs as a result of ongoing pricing and availability issues brought on by the H5N1 bird flu and panic shopping.

"Due to ongoing issues with the supply of eggs, we are currently limiting egg purchases to one dozen per customer, per day, in all Trader Joe’s stores across the country,” the grocery chain confirmed in a Monday statement.

Other grocery retailers are following suit.

Tariffs, inflation and the Fed

Federal Reserve Chair Jerome Powell is expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate-cutting campaign after pausing last month amid elevated inflation and turmoil surrounding President Donald Trump’s economic policies.

He may not have many answers.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA TODAY.