US Energy and Economy in Focus as Trump, Fed, and BP Make Moves

As of September 25, 2026, several developments highlight the intersection of energy and economic policy in the United States. President Trump is reportedly adopting a strategy from the Biden administration to boost energy production, while BP is in talks to expand its U.S. shale operations after negotiations with Devon Energy. Federal Reserve official Hammack commented that bond yields reflect economic growth, U.S. debt, and the interest rate path, as investors note that soaring yields have not cooled the red-hot U.S. economy. Meanwhile, U.S. oil and gas drilling activity is picking up despite pressure, and record heat has failed to lift natural gas prices. In a related trade matter, Trump's threat to restrict diesel exports has put Britain on edge.