Economic News

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superrific said:
I agree with that, except that I think you typed fiscal when you meant monetary. Fiscal policy is the joint responsibility of Congress and the president. Monetary is what the Fed does. I'm pretty sure you know that and just mistyped; I'm clarifying for other readers.

Also, Elba ain't good enough. Napoleon came back from there. How about Easter Island?
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How about trump and elmo being sent to Mars.
 
Duke Mu said:
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I wouldn’t call New Mexico purple; it’s BRIGHT blue.

Georgia isn’t purple. It’s red. The Legislature is solidly red; the Governor, Lt. Gov., SecState, AG, etc. are red. Those two Democratic Senators likely lose unless the Trumplicans again nominate Herschel Walker.
 
nycfan said:
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“… Mr. Trump can’t fire the regional Fed bank presidents on the committee, and all 12 voting members of the FOMC seem to agree with the Fed’s recent policy moves. A Powell replacement would also have a harder time establishing credibility with markets.

The same goes if Mr. Trump were to name a “shadow” Fed Chairman who would be expected to comment on the central bank’s every move between now and May 2026 when Mr. Powell’s term expires. This is a recipe for more market uncertainty. Whose forward guidance should investors follow, Mr. Powell’s or his replacement’s?

The Powell Fed’s policy is hardly tight in any case. He’s in the process of ending quantitative tightening by no longer shrinking the Fed balance sheet, which amounts to easing. His public message is that the tariffs make fulfilling the Fed’s twin mandates more difficult. That’s undeniably true.

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There are also fears that if tariffs fail to reorder the global trading system, Mr. Trump might impose a fee on Treasury debt as chief White House economist Stephen Miran has proposed. This would amount to a partial U.S. default since it would cut the rate of return. Think Treasury yields are rising now? Watch what happens if a Miran fee is imposed.

All of this is tempting economic fate and contributing to a global “sell America” narrative in financial markets. That’s why the dollar is under pressure.

Smart Presidents pay attention to market signals and adapt. The adaptation now would be to negotiate a quick end to the tariff barrage. Claim some trade-deal victories, and call it a day.

But markets are spooked because they don’t know if Mr. Trump listens to anyone but his own impulses.“

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The WSJ Editorial Board expressly describing to an audience of one an exit ramp for that key reader — WSJ is telling Trump we will support your claims of trade deal victories if you just tout a few trade deals term sheets and end the general tariff trade war.
 
Zoo_View said:
I wouldn’t call New Mexico purple; it’s BRIGHT blue.

Georgia isn’t purple. It’s red. The Legislature is solidly red; the Governor, Lt. Gov., SecState, AG, etc. are red. Those two Democratic Senators likely lose unless the Trumplicans again nominate Herschel Walker.
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I think the chart is off by one slot - NC is supposed to be the purple state. Georgia is bright RED. At least NC has a Dem Guv., SecState, AG, Super of DPI, Etc. If we can get Riggs in at judge that'll help with the purpleness...

Actually, that chart is jacked up in a couple of areas: It's not in Alpha order, nor is it numerical order descending by highest to lowest in %. Be that as it may, the gist is not lost. RED States and a couple of purple States carry the standard for poverty rates
 
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