An independent Fed protects the economy from politicians. Taking that away would be a historic mistake.
More on the stakes from our Principal Economist @mikemadowitz.bsky.social ⬇️
An independent Fed protects the economy from politicians. Taking that away would be a historic mistake.
More on the stakes from our Principal Economist @mikemadowitz.bsky.social ⬇️
The Fed’s Beige Book shows Trump’s chaotic tariff policies are pushing up prices everywhere—from food to raw materials—while wages lag behind.
@alexsjacquez.bsky.social says it all ⤵️
The Fed’s Beige Book shows Trump’s chaotic tariff policies are pushing up prices everywhere—from food to raw materials—while wages lag behind.
@alexsjacquez.bsky.social says it all ⤵️
It's a big labor market out there (~164 million), but changes happen on the margins,
Rapidly shedding ~100 basis points from potential GDP growth is going to have lots of knock on effects
It's a big labor market out there (~164 million), but changes happen on the margins,
Rapidly shedding ~100 basis points from potential GDP growth is going to have lots of knock on effects
1.)Making it harder for Americans to afford health care, food & groceries.
2.)Tax cuts for rich people. 🧵
In other words: A "One Big Beautiful Bill 2.0."
The Republican Study Committee put out its framework for a bill.
Here is everything in it, and how much it costs or saves on th3e federal budget:
1.)Making it harder for Americans to afford health care, food & groceries.
2.)Tax cuts for rich people. 🧵
Rohit Chopra says we need a system in place to ensure those who are hurt most by illegal and chaotic policies get relief.
Rohit Chopra says we need a system in place to ensure those who are hurt most by illegal and chaotic policies get relief.
Instead, utility debt is rising, electricity prices are surging, and he's slashing assistance for households.
“This is going to be a huge deal, both as a policy matter and a political matter.” our @alexsjacquez.bsky.social told BBC.
bit.ly/4buMlfI
Instead, utility debt is rising, electricity prices are surging, and he's slashing assistance for households.
“This is going to be a huge deal, both as a policy matter and a political matter.” our @alexsjacquez.bsky.social told BBC.
bit.ly/4buMlfI
Gene Sperling in @opinion.bloomberg.com: Trump's tariffs and other policies have reversed an economy that was on a path to stability and affordability. www.bloomberg.com/opinion/arti...
Gene Sperling in @opinion.bloomberg.com: Trump's tariffs and other policies have reversed an economy that was on a path to stability and affordability. www.bloomberg.com/opinion/arti...