Trump Is Filling the Fed with Loyalists
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.
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.
The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.
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.
"I can tell you none of us were affected by the mushrooms," Yellen insisted to CNN.
Plus: Kansas voting restrictions struck down, the legacy of the "vast wasteland" speech, and more…
It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Over time, betting has been a better predictor than polls, pundits, statistical models, and everything else.
Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.
Congress should stop preventing the private sector from making its own coins.
"Greed is constant. If it's greed, how do we explain prices falling?"
Imposing a wealth tax may not even be among the enumerated powers of Congress.
Plus: America's crackdown on Big Tech gives cover to Russia's crackdown on Big Tech, high inflation likely to continue into next year, and more...
In comments to The New York Times Magazine published this week, the new treasury secretary says free trade has been "so negative" for "a large share of the population." That's just wrong.
Trump worries that the Fed chief's predictable interest rate policy could impair the economic growth needed to make his tax policies viable.
Analysts expect little substantive change from the previous Janet Yellen regime.
Low interest rates ahoy!
The new Fed chief made the comment in House committee hearing
Is the financial system ready for massive retailers to accept a competing currency?
Will appear before Congress later this month
Only five Senate Republicans support putting her name to vote
Could cut into Senate's Christmas vacation
Will be the first female Fed chair if confirmed
Made comments at confirmation hearing before the Senate Banking Committee
Despite his attempts to block the confirmation process
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