Under Kevin Warsh, the Federal Reserve refuses to cut interest rates and may soon raise them.
inflation
Military Families Are Going Hungry—and the Numbers Don’t Yet Reflect the War
The number of families struggling with food insecurity nearly tripled in the last two years.
Kevin Warsh Decides Not to Be Trump’s Toady
The Fed votes 12-0 against Trump’s demand to cut interest rates.
Aftermath: The Economy Is Propped Up by Government Spending
In today’s edition, we highlight an underdiscussed reason why damage from the war hasn’t eaten the U.S. economy: fiscal stimulus.
While Pentagon Spends Billions on War, Military Families Say They’re Getting Shortchanged
Spouses of deployed military say they’re struggling with the costs of child care, groceries, housing.
How Trump Can Actually Believe We’re in a Golden Age
Does anyone he encounters dare to dispute his delusions?
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
How Trump Undermines Trump
Consider the president’s self-defeating assault against Jerome Powell.
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
