Well, folks, I called it, and I mean exactly called it. Back in my September 18 installment of The Federal Reserve Soap Opera, I said, “If I had to make an educated guess, the Supreme Court may be inclined to give Lisa Cook a short-term reprieve.” And lo and behold, that’s precisely what they did.…
The Federal Reserve Soap Opera: Appeals Court Edition
If you thought the Trump–Lisa Cook showdown at the Federal Reserve couldn’t get any more like a binge-worthy political thriller, think again. Forget Netflix; this saga is unfolding live, with more cliffhangers than a House of Cards marathon and just enough legal drama to make even Judge Judy grab some popcorn. Last week’s episode? A…
Trump, Lisa Cook, and the Federal Reserve Soap Opera
Episode I: As the Fed Turns Last month, I wrote a piece about President Trump, the Federal Reserve, and their messy custody battle over “independence.” Well, the plot has thickened, and we’ve officially entered soap opera territory. Welcome to this week’s episode of “As the Fed Turns.” Here’s the recap: President Trump tried to fire…
When Numbers Mislead and Inflation Teases: A Look at the Economy, Tariffs, and Rate Cuts
Well, the economic tea leaves have been tossed on the table again, and they’re not exactly painting a crystal-clear picture. We just got a trifecta of reports: turns out job growth wasn’t nearly as strong as we were told, wholesale prices actually dipped a little (that’s the “good news,” though don’t break out the confetti…
Trump, the Fed, and the Battle Over Independence
On Monday, President Trump announced—through a Truth Social post, of course—that he’s firing Federal Reserve Governor Lisa Cook. The reason? Allegations of mortgage fraud. The claim is that back in 2021, Cook listed two separate properties as her “primary residence” in order to secure more favorable loan terms. If true, that’s a big problem, because…
Federal Reserve Cuts Interest Rates Again
On Thursday, the Federal Reserve cut its benchmark interest rate by 0.25%, marking the second consecutive reduction in borrowing costs. While lower interest rates may boost economic activity, they also carry potential drawbacks, especially in the context of long-term growth and financial security. Let's explore the benefits and drawbacks of this decision before arriving at…