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Photo: Chip Somodevilla/Getty Images

President Biden on Friday became the first president to issue an official proclamation commemorating Indigenous Peoples Day.

The big picture: Biden's proclamation boosts efforts looking to shift the focus of the federal holiday celebrating Christopher Columbus to the contributions of Native Americans, AP reports.

  • He made an earlier proclamation for Columbus Day where he acknowledged "the painful history of wrongs and atrocities that many European explorers inflicted on Tribal Nations and Indigenous communities."

Flashback: Biden's position differs from that taken by former President Trump, who last year denounced "radical activists [that] have sought to undermine Christopher Columbus’s legacy," also referring to people like Columbus as "intrepid heroes."

What he's saying: "On Indigenous Peoples' Day, our Nation celebrates the invaluable contributions and resilience of Indigenous peoples, recognizes their inherent sovereignty, and commits to honoring the Federal Government's trust and treaty obligations to Tribal Nations," Biden said.

  • "For generations, Federal policies systematically sought to assimilate and displace Native people and eradicate Native cultures. Today, we recognize Indigenous peoples’ resilience and strength as well as the immeasurable positive impact that they have made on every aspect of American society," he added.
  • "The contributions that Indigenous peoples have made throughout history ... are integral to our Nation, our culture, and our society."

Go deeper

Interior to remove anti-Indigenous slurs from names of federal lands

Secretary of the Interior Deb Haaland speaks during a welcome ceremony for a totem pole carved by the House of Tears Carvers of the Lummi Nation on July 29, 2021 in Washington, D.C. Photo: Drew Angerer via Getty Images

The Interior Department will review, remove and replace derogatory names, including "squaw," from U.S. geographic landmarks, Secretary Deb Haaland announced Friday.

The big picture: Haaland's order formally declares the term as derogatory and creates a task force to rename the federal lands that bear it. A separate committee will review proposed name changes related to other derogatory terms.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

Felix Salmon, author of Capital
Updated 22 mins ago - Economy & Business

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.