News
The Markets Are Getting Used to Trump
40+ min ago (151+ words) Traders have barely budged in response to recent Trump-related shocks. Trying to parse market reactions to world events can feel a bit like armchair psychology. Lately, investors seem to be holding something back'amid a barrage of potentially seismic decisions from…...
Trump’s Fed-Chair Pick Is an Interest-Rate Hawk—Or Is He?
2+ hour, 24+ min ago (117+ words) Kevin Warsh's views on monetary policy may be shaped less by real economic conditions than by whether a Democrat or Republican is in power. Will Gottsegen: The candor of Jerome Powell Rog" Karma: The Federal Reserve's little secret No one…...
What Kevin Hassett Would Do at the Federal Reserve
3+ week, 2+ day ago (351+ words) Watch now: David Frum and Vivian Salama discuss the ramifications of the Trump administration's actions in Venezuela. Kevin Hassett might do Trump's bidding at the Federal Reserve, marking a new stage in the president's control over the American economy. Soon,…...
Trump Almost Has a Point About the Federal Reserve
4+ week, 13+ hour ago (124+ words) The central bank has long abused its power in ways that benefit the financial sector at the expense of everyone else. Rog" Karma: Trump is getting closer to having an "infinite money pit" Caitlin B. Tully: The court has an easy…...
The Three-Step Guide to Fixing Affordability
1+ mon, 1+ week ago (365+ words) First, stop making things worse. Affordability is voters" No. 1 issue by far. It propelled Trump back into office last year, as it propelled Zohran Mamdani, Mikie Sherrill, and Abigail Spanberger into office this year. Trump might be callous, but his…...
The Fed’s Succession Drama
1+ mon, 2+ week ago (280+ words) Trump's choice of a new Federal Reserve chair could reflect a broader power play. For almost an entire year, Donald Trump has begged the Federal Reserve to slash interest rates and supercharge the American economy. And for almost an entire…...
What Happened to Plain Old Allowances?
1+ mon, 2+ week ago (104+ words) As the financial ecosystem has gotten more complex, so have parents" payments to kids. As the financial ecosystem has gotten more complex, so have parents" payments to kids. Around the 1920s, a certain class of parents'those with enough money to indulge…...
Americans May Envy China’s Deflation. They Shouldn’t.
1+ mon, 4+ week ago (222+ words) Rising prices are a problem, but steadily falling prices pose an existential threat to the economy. To Americans pinched by rising prices, such declines might seem enviable. The high cost of living in the United States has become a serious…...
How Crypto Could Trigger the Next Financial Crisis
2+ mon, 1+ week ago (612+ words) The danger of stablecoins lies in the ways they are meant to be safe. On July 18, President Donald Trump signed into law the boastfully named GENIUS Act. If the law wreaks havoc on the financial system, as seems highly likely,…...
Humans Can’t Wrap Their Minds Around This Economy
2+ mon, 2+ week ago (159+ words) And that's a problem for American society. Matteo Wong and Charlie Warzel: Here's how the AI crash happens These wild numbers make all other sums sound trivial, even when they aren't. On Tuesday, the Japanese conglomerate SoftBank disclosed that it…...