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?
Federal Reserve
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.
Posted inTAP
Trump’s Stagflation
Today on TAP: It’s not easy to engineer the combination of rising prices and falling economy output, but Trump is well on the way.
Posted inEconomic Policy
Keeping the Fed Independent—to Serve Wall Street
Chair Jerome Powell is battling to keep control of the Federal Reserve. He and Trump agree on weak regulation. On cheap money policy, Trump is winning.
Posted inEconomic Policy
Michael Barr Hands the Fed’s Financial Regulation Powers to Trump
The Fed’s vice chair of supervision is stepping down to avoid a fight with the incoming president.
Posted inTAP
Memo to Term Appointees: Stay Put!
Today on TAP: Trump wants to oust the Fed chair and the IRS commissioner. They need to stay, as checks against autocratic power and hack appointees.