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.
financial industry
Posted inTAP
The Next Financial Crisis: Insurance
Today on TAP: Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into broader financial markets.
Posted inEconomic Policy
Big Banks Pick Inopportune Moment to Ditch Climate Commitments
As Los Angeles burns, the biggest banks have disclaimed membership in the Net-Zero Banking Alliance. Mother Nature won’t take pity on them.
Posted inMoney, Politics, and Power
Health Care Rip-Offs, Globalization, and the Uncertain Future
Co-editor Robert Kuttner’s Best of 2024
Posted inPolitics
Bank Speculation! Polio! And Other Hot Items on Trump’s Agenda!
The incoming president’s transition team is making the case for reviving some long-buried monsters.
Posted inMoney, Politics, and Power
Elon Musk and Friends Propose Defunding the Fraud Police
Some tech billionaires hate the CFPB, which protects Americans from scams and abuse. Why?
Posted inTAP
Blood and Treasure
Today on TAP: The infighting grows fierce as Trump keeps searching for a Treasury secretary.
Posted inMoney, Politics, and Power
Rahm Emanuel’s Suspiciously Timed Stock Trades
Multiple transactions seem tied to specific activity undertaken while the possible DNC chair candidate was U.S. ambassador to Japan.
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 inMoney, Politics, and Power
The Triumphant Return of Corruption
A look at the biggest stock gainers since Trump’s election shows that paying tribute to the next president will have its benefits.