Trump Can Fire a Lot of People. What's Special About the Federal Reserve?
"The Federal Reserve is a uniquely structured, quasi-private entity," the Supreme Court wrote in a ruling this year.
Federal Reserve
Trump's Fed Coup
Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...
The Real Threat to Fed Independence Isn't Trump. It's Congress' Debt Addiction.
The president's clear attempt to interfere in the Federal Reserve is not a one-off crisis.
Fed Governor Lisa Cook's Record Is a Reminder of the Social Justice Insanity of 2020
Trump is attempting to fire a Federal Reserve board governor.
Will SCOTUS Let Trump Fire Lisa Cook From the Federal Reserve?
Or will the justices say that Trump fired her for illegal reasons?
Is It Too Late To End the Fed?
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.
Powell's Last Stand
Plus: Federal bureaucracy gets a redesign, Robert Moses messing things up (still), Syrian immigrant unemployment data, and more...
Trump's Deportation Goals
Plus: Elites in the media, revoking security clearances, car prices going up, and more...
Trump's Rebate Plan Will Push America Toward a Hyperprogressive Tax Code
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.
Here's What Happens to the Economy if Trump Fires Jerome Powell and Installs a Loyalist at the Fed
The Fed should be replaced by free markets, not unbridled presidential power.
Trump's War on Economic Data Is a Dangerous Move for MAGA's Own Agenda
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.
The Federal Reserve Rightly Rejects Trump's Calls for Lower Interest Rates
Maintaining the elevated federal funds rate makes borrowing more expensive, but the alternative is artificially cheap money, malinvestment, and inflation.
Trump Doesn't Need To Fire Jerome Powell. He Needs To End America's Spending Addiction.
The executive branch wants to use the Federal Reserve as a tool to accommodate the government's frenzy of reckless borrowing.
Does Mamdani's Win Matter Elsewhere?
Plus: Teachers union thinks your kids belong to them, more Jerome Powell antagonism, and more...
Tariffs Are Keeping Interest Rates High
The Federal Reserve is unwilling to lower interest rates because "there will be some inflation from tariffs coming," Jerome Powell told a Senate committee.
Trump Doesn't Need the Fed To Fix Housing
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.
Trump Wants Lower Interest Rates. The Market Disagrees.
Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.
Trump Rages at the Fed Over Interest Rates
According to the president, the U.S. economy will begin to slow down unless the Fed “lowers interest rates, NOW.”
Gold Tops $3,000
Despite efforts to rein in government debt, gold prices keep rising—suggesting investors aren’t buying the promises of fiscal responsibility.
Trump Promised To Lower Prices. Will Congress Help Him Deliver?
At the current rate of inflation, the dollar will lose 33 cents of purchasing power within a decade.
The 5 Worst Things About the Consumer Financial Protection Bureau
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.
Trump May Have To Grapple with Returning Inflation
Cutting government spending and calling off the trade war would be steps in the right direction.
Consumer Financial Protection Bureau
Elizabeth Warren's Hubris Allowed Trump To Defund the CFPB
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.
Keep Trump, and Every Other President, Out of the Fed
If a central bank has to exist, it has to be independent.
The Way Out of Our Inflation Mess
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.
Will 2025 Be the Year of U.S. Fiscal Sanity?
With inflation risks persisting and entitlement spending surging, the situation cannot be ignored. But we never should have gotten to this point to begin with.
IMF Offers a Glimpse at the Perils of Central Bank Digital Currencies
Government-controlled digital money could mean the end of financial privacy and independence.
The Perils of Trump's Proposed Bitcoin Strategic Reserve
In 2021 Trump called bitcoin a "scam" but he seems to have realized his political coalition includes cryptocurrency enthusiasts.
Don't Expect a Return to the Trump Economy
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Deregulation Can Fix the Housing Crunch
Increasing the supply of housing requires looser rules and fewer bureaucratic delays.
The Cutting Edge
Plus: The Federal Reserve cut interest rates, Congress still isn't cutting spending, and more....
Blowing Up
Plus: J.D. Vance's shifting views on mass deportations, federal bureaucrats steal Disney World tickets from homeless kids, and more...
How Inflation Breaks Our Brains
From salt riots to toilet paper runs, history shows that rising prices make consumers—and voters—grumpy and irrational.
Lessons for the U.S. from Japan's Lost Decade
Facing an economic downturn in the 1990s, Japan racked up debt. America should not repeat that mistake.
Recession Is Not Inevitable, Despite Stock Market Slump
A few reasons to remain calm about the economy
Markets in Panic
Plus: Emhoff scandal, Iran and Hezbollah possibly striking Israel, Nirvana facts, and more...
What's the Sahm Rule? Alarming Jobs Report Raises Recession Risk.
A key indicator has predicted every recession since 1970, and the alarm just sounded.
The National Debt Is Crossing an Ominous Line
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
The Contemptuous Merrick Garland
Plus: The Federal Reserve considers an interest rate cut, its chairman considers persistently high inflation, housing pops up on the National Mall, and more...
Biden Keeps Blaming Others for His Economic Mistakes
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Going Down?
Plus: Hunter Biden is guilty of crimes that shouldn't be crimes, North Dakota's voters take on gerontocracy, and more...
No, Politicians Can't 'Fix' Prices—and That's OK
Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
Zoning Regulations Empower Control Freaks—and Bigots
The Institute for Justice has launched a project to reform land use regulation.
