Today on TAP: The recovery is broadly on track but needs all the help it can get.
Federal Reserve
Posted inTAP
Powell Stays as Chair—of a Transformed Fed
Today on Tap: Progressives will soon be a majority of the central bank’s board of governors.
Posted inEconomic Policy
Two Dems Could Sabotage Bank Regulator Who Opposed Their Deregulatory Agenda
Saule Omarova’s past criticism of bank deregulation is a sticking point for Democrats wary of how aggressively she would regulate big banks.
Posted inTAP
The Price of Political Success
Today on TAP: Will inflation subside in time for the 2022 midterms?
Posted inTAP
Biden’s Appointments to the Fed: The Endgame
Today on TAP: How the resignation of Powell’s ally Randy Quarles shifts the odds to Powell’s reappointment
Posted inTAP
Fed Resists Pressure to Hike Rates
Today on TAP: Will this be sufficient for Biden to reappoint Jerome Powell as Fed chair?
Posted inTAP
The Fed’s Lame New Standard on Trading
Today on TAP: It relies on ethics officials who have waved through prohibited trades before, and doesn’t even cover the kind of trade that embarrassed Fed Chair Jay Powell.
Posted inTAP
Jay Powell’s Propagandists
Today on TAP: His campaign to be reappointed chair is abetted by Fed spin and a tame and collusive press.
Posted inEconomic Policy
Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking
Disclosure documents reveal that the spectacle of Fed officials personally trading stocks extended to the chair himself.
Posted inTAP
Why Did Tax Receipts Soar This Year?
Today on TAP: It wasn’t because of general prosperity or increases in wages.