Two Senators, Decades‑Long Ties, Introduce Fed Nominee
Sen. Dave McCormick is introducing Kevin Warsh at his confirmation hearing, one of at least two senators who have known the Fed chair nominee for decades (Bill Hagerty being the other)
Trump Says He'd Be Disappointed if Rates Aren't Cut
President Trump asked on CNBC if he would be disappointed if Warsh didn’t cut rates right away because of the Iran war or other factors: “I would”
Warsh Confirmation: Will He Follow Trump’s Lead?
Fed chair nominee Kevin Warsh will face many questions in his confirmation hearing today, but for senators, Wall Street and the White House, there’s only one that really matters: How much will he defer to President Trump? w/ @samjsutton & @Jasper_Goodman https://t.co/BuFORAIH0T
Banks Eye Gap as Private Credit Retreats
"Banks are spotting opportunities to also step in as some private-credit firms pull back" https://t.co/gklvEZUvhu
Trump Seeks to Turn Fed Win Into Prolonged Defeat
President Trump seems to be trying to find a way to turn an easy win on the Fed into a long slog of a loss. My latest column: https://t.co/K1glC171IN
Let New Chairman Warsh Guide the Next Cycle
“We should wait for the new chairman, Warsh, and let him lead the next cycle” https://t.co/oUzwu2fhxd
Congress' Housing Plan Risks Exacerbating Shortage
Congress wants to solve a national housing shortage. It might be making the problem worse. via @hapgoodreports https://t.co/NZpRcdOVT3
Brother Debates Whether Adam Back Is Satoshi
No idea if Adam Back is actually Satoshi, but it’s been amusing me all week to think my brother maybe debated Satoshi https://t.co/RsH699faMD
Summers Wasn't Alone: Multiple Economists Warned of Inflation
It’s strange how Summers is often implicitly covered as if he were the only economist who warned about inflation in 2021 The dominant forecast was it would be transitory (there’s still debate as to whether it ended up being a really...
Judge Blocks DOJ Subpoenas to Fed, Cites Political Vendetta
A federal judge on Friday reaffirmed his decision to block subpoenas from the Justice Department to the Federal Reserve on the grounds that the probe appears to be driven by a political vendetta, setting the stage for an appeal by...
Future Bluetooth Compatibility Threatened by Global Trade
“We shouldn’t take for granted our ability to sync Apple airpods to a Lenovo tablet or a Google mobile phone to a Bose speaker. Given the direction of global trade, Americans may not have access to the Bluetooths of the...
Trump's Overtime Tax Deduction Hits, Stumps Democrats
President Donald Trump’s new tax deduction for overtime looks like a hit this filing season, and that’s shaping up to be a big challenge for Democrats. via @Brian_Faler https://t.co/fpMNZCrW6U
Powell Says Iran Dilemma Remains Unresolved, Impacts Unknown
Fed Chair Powell, speaking to a Harvard class, says re: Iran, "we will eventually maybe face the question of what to do here. We're not really facing it yet." "We don't know what the economic effects will be."
Megabanks Still Free to Acquire Solvent Banks Under Deposit Rule
I forget that there are still megabanks who aren't yet barred from this kind of M&A (banks can't buy another solvent bank if they already control at least 10% of national deposits)
Lawmakers Must Preempt AI Shock, Not React Later
Academics at Vanderbilt Law have a blunt message: lawmakers should begin preparing now for a potential AI-driven shock, rather than scramble to piece together a response after the fact Today’s MM top from me and @YasminKhorram https://t.co/GA5wgUYA0v
Navarro Says 15% Tariff Timeline Still Vague
I asked White House senior counselor Peter Navarro about the timeline of making the 10% global tariff into a 15% tariff, something he says is "in process." "I wouldn't get too lost in the day to day on that," he...
Powell Vows to Remain Fed Chair if Warsh Unconfirmed
Fed Chair Powell confirms he would stay on as Fed chair pro tem if Kevin Warsh isn't confirmed by the time Powell's term as chair ends. Also adds: "I have no intention of leaving the board until the investigation is...
Middle East Conflict Dampens Prospects for 2026 Rate Cuts
President Trump is demanding that the Fed immediately lower borrowing costs. But the war in the Middle East has now made any interest rate cuts much less likely in 2026 — not just in the U.S. but around the world. w/...
Fed and FDIC to Vote on Trump-Era Basel Proposal Thursday
ICYMI: The Trump-era Basel bank capital proposal is coming Thursday, and the Fed and FDIC are having open board meetings at the same time to vote on it https://t.co/u34TWtDk8w https://t.co/TlK4sinLwp
Tillis Hopeful Fed Hurdles Cleared for Warsh Chair Nomination
Sen. Thom Tillis (R-N.C.) said Tuesday he was hopeful that issues surrounding the Federal Reserve would be resolved, allowing Kevin Warsh’s nomination as central bank chair to move forward. https://t.co/7hUfth4Lf9
Iran Conflict Disrupts Fed’s Economic Forecast Again
The war in Iran is scrambling the economic outlook for the Federal Reserve — again. https://t.co/TGmVeLOISN
Kashy
Chicago Booth's Anil Kashyap re:Fed's Mary Daly&Anna Paulson: "If there's anybody from the WH here, I think you should have confidence that you have 2 very thoughtful people looking at the numbers...would be a shame if that's not true 2...
Trump’s Policies Dent Approval, Economy Stays Resilient
President Trump’s disruptive policies have left some dents, including serious damage to his approval rating, but by the biggest readings of its health, the U.S. economy largely keeps absorbing what he throws at it. My latest column: https://t.co/7lpKP39teh
Republicans Set to Embed Wall Street Crackdown in Housing Bill
Senate Republicans poised to ‘swallow’ Wall Street crackdown in housing bill via @Jasper_Goodman and @hapgoodreports https://t.co/F8TqWwkXCb
US Strike on Iran Could End Low‑oil Price Relief
Low oil prices for much of the past year have helped cool inflation & given Trump license to tout more affordable prices at the pump. But if there was one scenario most likely to upset that trend, it was a...
Tariff Payments Show Voters, Not Foreigners, Foot the Bill
The process and legal fights over paying back import taxes will help shove tariffs back into voters’ minds, as well as provide them an excruciatingly detailed civics lesson in who literally pays the levies. (Hint: it’s not foreign governments.) https://t.co/N8dOe6rapr
Wall Street Lawyer Randall Guynn Named Fed Supervision Director
Randall Guynn, a prominent Wall Street lawyer, will become the next director of supervision and regulation at the Federal Reserve, effective March 8 w/@AidenReiter https://t.co/WIPFQbILxz