financetom
Economy
financetom
/
Economy
/
US regulator will probe DEI through new labor task force
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US regulator will probe DEI through new labor task force
Feb 26, 2025 2:51 PM

(Reuters) - The U.S. Federal Trade Commission will look into potential corporate collusion on diversity, equity and inclusion targets as part of a new labor market task force, the agency said on Wednesday.

Since taking office in January, President Donald Trump has sought to eliminate DEI efforts from American life. Corporations have faced a conservative backlash over practices aimed at redressing lower hiring, retention, and pay rates for members of racial minorities and other underrepresented groups. The Trump administration claims such practices are illegal.

Some major U.S. employers have abandoned DEI policies since Trump's election, including McDonald's, Target ( TGT ) and PepsiCo ( PEP ).

The FTC's labor task force will look at "collusion or unlawful coordination on DEI metrics, which may have the effect of diminishing labor competition by excluding certain workers from markets, or students from professional training schools, on the basis of race, sex, or sexual orientation," as part of its mandate, the FTC said.

The group will also examine a range of other practices that affect workers, including noncompete agreements, no-poach agreements, and fraud on franchisees. 

"Sadly, deceptive, unfair, and anticompetitive labor practices are widespread. They are as varied as they are unscrupulous. They affect workers in all types of industries," FTC Chairman Andrew Ferguson said in a memo creating the task force.

The effort shows some continuity between Ferguson's agenda and former Chair Lina Khan's, though Ferguson disagreed with Khan's bid to enact a broad noncompete ban.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says Fed should hold meeting to cut rates now
Trump says Fed should hold meeting to cut rates now
Mar 16, 2026
WASHINGTON, March 16 (Reuters) - President Donald Trump told reporters on Monday that the U.S. Federal Reserve should hold a special meeting to cut interest rates right now. ...
NY Fed: Americans' credit applications rise to highest level since October 2022
NY Fed: Americans' credit applications rise to highest level since October 2022
Mar 16, 2026
March 16 (Reuters) - Americans' attempts to tap new credit rose to their highest level in nearly four years as of February, new data from the Federal Reserve Bank of New York released on Monday said. The bank said, as part of its latest Survey of Consumer Expectations Credit Access report, that applications for new credit were at their highest...
Gulf states press US to neutralise Iran for good as Hormuz crisis deepens
Gulf states press US to neutralise Iran for good as Hormuz crisis deepens
Mar 16, 2026
By Samia Nakhoul DUBAI, March 16 (Reuters) - Gulf Arab states did not ask the U.S. to go to war with Iran, but many are now urging it not to stop short by leaving the Islamic Republic still able to threaten the Gulf's oil lifeline and the economies that depend on it, three Gulf sources told Reuters. At the same...
February Industrial Production Rises More Than Forecast; Oxford Economics Warns of Risks From Iran War
February Industrial Production Rises More Than Forecast; Oxford Economics Warns of Risks From Iran War
Mar 16, 2026
03:28 PM EDT, 03/16/2026 (MT Newswires) -- US industrial production increased more than expected in February, data from the Federal Reserve showed Monday, while Oxford Economics warned that the ongoing US-Israel war with Iran poses risks ahead. Industrial output rose 0.2% last month, marking its fourth consecutive month of growth, but slowing from a 0.7% gain in January. The consensus...
Copyright 2023-2026 - www.financetom.com All Rights Reserved