Even Republican critics of the Federal Reserve chairman's performance rejected the notion that he had broken the law by lying about the renovation of the central bank's headquarters.
New study finds that tariffs were responsible for the "entirety of the excess inflation in the core goods category."
The president says federal courts should not make decisions based on partisan considerations unless it benefits him.
Inflation is a silent tax—and the most painful way to finance government promises.
Plus: a partial shutdown over ICE funding, Kevin Warsh to lead the Fed, and Moltbook’s AI society
The new producer price index report complicates the administration's push for lower interest rates.
Plus: Shutdown averted? Pixar's NIMBY robot beavers, Amazon goes big on AI, and Trump wants to prop up home prices.
Trump’s legal arguments “would weaken, if not shatter, the independence of the Federal Reserve,” the justice said.
From defense contracting and mortgage finance to credit, housing, and monetary policy, Trump is leaning heavily on command-and-control economics.
Plus: Border Patrol's recruitment problems, social media getting boring, RFK Jr. goes after food stamps, and more...
Plus: ICE shootings divide the country, the Iran uprising intensifies, and California targets billionaires with a wealth tax
No one likes high interest rates on credit cards and loans, but artificially lowering interest rates via executive power is not a solution.
Plus: Wealth tax barely understood by its proponents, Jerome Powell investigated, why sobriety sucks, and more...
The Supreme Court’s January docket is packed with big cases.
If interest rates stop being market signals and become policy decisions, what survives may look less like capitalism—and more like permanent crisis management.
Plus: Cocaine and mustard gas, U.S. seizes oil tanker, billionaires in the White House, and more...
The Federal Open Market Committee lowered the federal funds rate for the third meeting in a row despite elevated inflation.
Plus: "Freeze the rent" hypocrisy, B-52s near Caracas, the Armani class votes Mamdani, and more...
By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.
When the Federal Reserve is concerned about inflation, it increases the federal funds rate. Despite expressing such concerns, the Fed lowered it.
Plus: Pam Bondi flunks free speech 101.
"The Federal Reserve is a uniquely structured, quasi-private entity," the Supreme Court wrote in a ruling this year.
Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...
The president's clear attempt to interfere in the Federal Reserve is not a one-off crisis.
Trump is attempting to fire a Federal Reserve board governor.
Or will the justices say that Trump fired her for illegal reasons?
Plus: What the new E.U. trade deal means for tariffs and prices, a listener question about Rahm Emanuel’s presidential appeal, and the FBI raids John Bolton’s home.
Plus: Federal bureaucracy gets a redesign, Robert Moses messing things up (still), Syrian immigrant unemployment data, and more...
Plus: Elites in the media, revoking security clearances, car prices going up, and more...
The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.
The Fed should be replaced by free markets, not unbridled presidential power.
The Bureau of Labor Statistics, the CBO, and the Fed are far from perfect. But the U.S. needs a statistical system that is modern, agile, and protected from political interference.
Maintaining the elevated federal funds rate makes borrowing more expensive, but the alternative is artificially cheap money, malinvestment, and inflation.
The executive branch wants to use the Federal Reserve as a tool to accommodate the government's frenzy of reckless borrowing.
Plus: Teachers union thinks your kids belong to them, more Jerome Powell antagonism, and more...
The Federal Reserve is unwilling to lower interest rates because "there will be some inflation from tariffs coming," Jerome Powell told a Senate committee.
Former Rep. Ron Paul argues that slashing red tape will do more to bring down home prices than pressuring the central bank to cut interest rates.
Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.
According to the president, the U.S. economy will begin to slow down unless the Fed “lowers interest rates, NOW.”
Despite efforts to rein in government debt, gold prices keep rising—suggesting investors aren’t buying the promises of fiscal responsibility.
At the current rate of inflation, the dollar will lose 33 cents of purchasing power within a decade.
The agency—an unelected regulator with a blank check—has spent much of its short life making things harder for the consumers it set out to protect.
Cutting government spending and calling off the trade war would be steps in the right direction.
Consumer Financial Protection Bureau
Instead of isolating the CFPB from Congress' budget-making authority, Warren and former President Barack Obama made it easier for a president to effectively shut it down.
If a central bank has to exist, it has to be independent.
For all the excitement about the incoming administration and a return to the 2019 economy, market stability rests on the precarious assumption that the government will eventually put its fiscal house in order.
Help Reason push back with more of the fact-based reporting we do best. Your support means more reporters, more investigations, and more coverage.
Make a donation today! No thanks
Every dollar I give helps to fund more journalists, more videos, and more amazing stories that celebrate liberty.
Yes! I want to put my money where your mouth is! Not interested
So much of the media tries telling you what to think. Support journalism that helps you to think for yourself.
I’ll donate to Reason right now! No thanks
Push back against misleading media lies and bad ideas. Support Reason’s journalism today.
My donation today will help Reason push back! Not today
Back journalism committed to transparency, independence, and intellectual honesty.
Yes, I’ll donate to Reason today! No thanks
Support journalism that challenges central planning, big government overreach, and creeping socialism.
Yes, I’ll support Reason today! No thanks
Support journalism that exposes bad economics, failed policies, and threats to open markets.
Yes, I’ll donate to Reason today! No thanks
Back independent media that examines the real-world consequences of socialist policies.
Yes, I’ll donate to Reason today! No thanks
Support journalism that challenges government overreach with rational analysis and clear reasoning.
Yes, I’ll donate to Reason today! No thanks
Support journalism that challenges centralized power and defends individual liberty.
Yes, I’ll donate to Reason today! No thanks
Your support helps expose the real-world costs of socialist policy proposals—and highlight better alternatives.
Yes, I’ll donate to Reason today! No thanks
Donate today to fuel reporting that exposes the real costs of heavy-handed government.
Yes, I’ll donate to Reason today! No thanks