Jay Powell refuses to bend on interest rates, but he’s as bad as Trump when it comes to promoting crypto and weakening other financial regulation.
Federal Reserve
Posted inTAP
The Court Lets Trump Run Amok Over Agencies That Protect Workers and Consumers
Today on TAP: But tells him to keep his hands off the Fed.
Posted inEconomic Policy
House Republicans Take Their Turn at Ravaging CFPB
Kneecapping the consumer financial protection agency would do much to enable fraud, and next to nothing to reduce federal expenditures.
Posted inTAP
Trump Blinks
Today on TAP: The president has backed off his latest threats to fire Fed Chair Jay Powell and is now talking of a grand bargain with China.
Posted inTAP
The Lone Grownup in Trump’s Room
Today on TAP: The Treasury secretary has saved Trump from more than one disastrous impulse. But Trump resents minders. Are Scott Bessent’s own days numbered?
Posted inTAP
Are We at an Inflection Point?
Today on TAP: Trump is governing more and more like an impulsive mad king who assumes he has absolute power. We will soon find out whether he does.
Posted inEconomic Policy
How the Euro Can Replace the Dollar
Europe has a potential golden opportunity to claim the global reserve currency and get a free military rearmament to boot.
Posted inTAP
Could Jay Powell Restrain Trump?
Today on TAP: Trump’s destructive tariff policies could well require emergency Fed intervention that Powell doesn’t want. Will the Fed chair have the nerve to challenge Trump?
Posted inEconomic Policy
The Great Trump Crash?
Emergency warnings are lighting up all over financial markets, solely because of Donald Trump.
Posted inTAP
Where Are the Firebreaks?
Today on TAP: As Trump continues trying to rule by decree, wreck public institutions, and intimidate his opposition, we need to be strategic in restraining him.