News
Wall Street Deems Trump A Major Risk Factor As Markets Sink
2+ hour, 37+ min ago (208+ words) President Donald Trump frequently justifies his claim that that the United States is the "hottest country in the world" by pointing to the stock market. But markets and investors disagree " and say Trump is the reason. The Times reported that…...
Trump's Threat To Prosecute Fed Chair Powell Plunges Markets Into Chaos
1+ week, 1+ day ago (413+ words) The stock market plunged on Monday, with the Dow Jones Industrial Average falling 400 points at the opening bell, as economists and investors alike fear that the Federal Reserve Bank's independence is in doubt. The stock market slide came the day…...
Federal Reserve's Rate Cut Won't Do Harm, But Its Next Chair May Be Ruinous
1+ mon, 1+ week ago (442+ words) Yesterday the Federal Reserve cut the federal funds rate " the interest rate on overnight loans between banks, which the Fed effectively controls " by a quarter point. There are four things you should know about that cut: " Although Donald Trump has…...
Yes, The Fed Should Lower Interest Rates (Because Trump Is Wrong On The Economy)
1+ mon, 1+ week ago (925+ words) Fed Chair Jerome Powell We all have come to accept that Trump makes totally whacked out claims about the economy, which his cabinet and other top aides must mindlessly repeat and embellish. His favorite invention is the booming economy. Trump…...
Hapless Hassett: Will Trump's Next Fed Chair Transform America Into Argentina?
1+ mon, 2+ week ago (527+ words) While the current Fed is not likely to take Trump's late-night rants seriously when setting interest rate policy, that may not be the case when the Fed gets a Trump-appointed chair next May. According to the gossip mill, Kevin Hassett,…...
Turkey Day? This Year, Millions Of Americans Can't Afford Traditional Holiday Meal
1+ mon, 3+ week ago (475+ words) Nearly half of Americans are trading turkey this Thanksgiving for cheaper options like chicken, according to a new report from Defend America Action. It's just one example of how rising costs are putting a damper on the holiday. The report…...
Tardy September Employment Data Reflects Trump's Weakening Job Market
1+ mon, 3+ week ago (1615+ words) President Donald Trump at campaign rally in Potterville, Michigan on August 22, 2024 The data nerds among us were happy to finally get their September jobs report fix, even though these data are somewhat stale now. However, we still learned a few…...
'No No No No!" Treasury Secretary Roasted For Denying Inflation Under Trump
1+ mon, 3+ week ago (360+ words) Treasury Secretary Scott Bessent on Sunday refused to admit inflation has gone up for Americans after NBC Meet The Press host Kristen Welker confronted him with the numbers."Inflation has gone up," Welker said Sunday. "It's at three percent now…...
A Decent Slice: The Affordability Crisis Isn't Only About Prices
2+ mon, 1+ day ago (230+ words) As Neale Mahoney and I wrote a bit ago: We go on to point out, however, that this" I'm acutely aware of how much price levels'what things cost'have been a core source of economic angst for a good while now,…...
Inherited Conditions: Biden Left Trump The Best Economy In Half A Century
2+ mon, 2+ day ago (523+ words) President Donald Trump and President Joe Biden in the Oval Office on November 13, 2024 The most important reversal was in the labor market. More than 19 million people were laid off in the pandemic shutdowns in the spring of 2020. Many quickly came…...