The numbers don’t work for Trump, and neither do the politics.
Federal Reserve
Posted inTAP
Blood and Treasure
Today on TAP: The infighting grows fierce as Trump keeps searching for a Treasury secretary.
Posted inPolitics
Fed Chair Powell Enlisted in Failed Bid to Undercut Elizabeth Warren
Wall Street’s effort to keep Warren from becoming ranking Democrat on the Senate Banking Committee did not succeed.
Posted inEconomic Policy
Get Ready for Trump-flation
Trump won the election in part because of a backlash against consumer price inflation on Biden’s watch. Several Trump policies will make inflation much worse.
Posted inTAP
The Fed Finally Lightens Up
Today on TAP: Rates have been cut by a full half-point. It’s about time.
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inTAP
More Evidence for a Big Fed Rate Cut
Today on TAP: Even Ben Bernanke and Alan Greenspan were less perversely hawkish than current Fed chair Jay Powell, as Barney Frank reminds us.
Posted inTAP
Powell Reluctantly Relents
Today on TAP: After long delay and needless economic damage, the Fed chair commits to cutting interest rates.
Posted inEnergy and the Environment
The Inflation Reduction Act at Two
Challenges remain, but there’s been a lot of progress on restoring an industrial base, creating union jobs, and transforming our energy economy.
Posted inEconomic Policy
Will Panic on Wall Street Convince Jerome Powell to Do His Job?
The Federal Reserve should have cut rates months ago. Now it might be too late.