A legal office in the White House, at the behest of Office of Management and Budget director and Project 2025 architect Russ Vought, has decided to redefine the word “earnings” in order to bankrupt the largely dormant Consumer Financial Protection Bureau.
Federal Reserve
Posted inTAP
Trump in Court
Trump’s increasingly flagrant efforts to govern as an outright dictator leave us heavily reliant on the Supreme Court. But three key cases coming before the Court, beginning with the tariff case to be argued this Wednesday, may not go so well for him.
Posted inTAP
Trump’s Faltering Economy
The seemingly not-too-bad Trump economy is living on borrowed time. Both inflation and employment are getting worse, and the booming stock market is in AI bubble territory.
Posted inEconomic Policy
Fed Making Key Economic Decisions Without Key Economic Data
The Fed considers information from a variety of sources in setting monetary policy, everything from anecdotal reports to original data produced by its regional Reserve Banks. But the loss of public, and apparently some private, data is an acknowledged blow.
Posted inTAP
The Federal Reserve Is Out of Tricks
Today on TAP: And so is Trump’s maneuver to take over the central bank. Even if he were to succeed, there is no good monetary cure for Trump’s economic carnage.
Posted inTAP
The Coming Trump Stagflation
Today on TAP: The self-inflicted damage to Trump’s economy is deepening. Will he get away with it politically?
Posted inEconomic Policy
Judge the Actually Existing Trump Economy, Not the Theory
Equity stakes, loophole closures, and protecting domestic industries might make sense in someone else’s hands. Not from a president with no strategy or plan.
Posted inTAP
How John Roberts Can Help Trump Control the Fed
Today on TAP: Trump didn’t give a reason for firing other members of independent agencies. Roberts can say he gave one here.
Posted inEconomic Policy
Trump Attempts to Take Over Fed
It won’t work, but it sure will rattle the economy.
Posted inTAP
Trump’s Hit Job Against Fed Governor Lisa Cook
Today on TAP: The real fraud here is the misuse of confidential government data.