Before every financial crisis, there is a concerted effort to argue that this time is different.
Federal Reserve
Posted inEconomic Policy
The Next Financial Collapse
In the coming crisis, the Fed is not likely to be in good hands.
Posted inTAP
Central Banker or Central Casting?
Seemingly, Kevin Warsh is a mainstream central banker. Dig down and he’s the Fed equivalent of Pete Hegseth.
Posted inTAP
The Cost of Dying and the Cost of Living
The ICE debacle will continue to dominate the news, checkmating Trump’s usual strategy of changing the subject by wreaking new havoc or making new false promises.
Posted inTAP
The High Court Sinks Trump’s Federal Reserve Ploy
The administration’s clumsy effort to oust Fed governor Lisa Cook is stymied again.
Posted inEconomic Policy
Trump’s Persecution of Jerome Powell Is Even Crazier Than It Looks
The Trump administration is carrying out a corrupt prosecution of the Federal Reserve chair. But messing with Fed independence might spark inflation, and everyone hates that.
Posted inTAP
Trump’s Attack on Powell Backfires
The president’s campaign of distraction and personal retribution escalated over the weekend, as Federal Reserve chair Jerome Powell was served with grand jury subpoenas. Even Trump’s allies are disgusted by the clumsy power grab.
Posted inEconomic Policy
Judge Warns Vought of Contempt Order if He Back-Door Shuts Down CFPB
Judge Amy Berman Jackson has clarified that Vought would violate her injunction against shuttering the consumer protection agency if he declines to seek funding for it.
Posted inTAP
Will the Court Rule for Trump or for Wall Street?
As the Supreme Court now considers whether Trump can take over the Federal Reserve, we lose either way.
Posted inTAP
Trump’s Self-Imposed Economic Trap
Even if he gains control of the Fed, monetary policy can only do so much—and Trump rejects other policies that could cut the high cost of living and improve growth.