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- ‘Take Money Out of Wall Street’: The Debate Animating the Fed Chair Race
President Donald Trump has loudly and persistently railed against Federal Reserve Chair Jerome Powell, with an eye toward next year when he can pick a new Fed chief more aligned with his own views. But in the race to replace Powell, much of the conversation has focused on something that doesn’t feel particularly Trump-y: limiting the size of the Fed’s financial holdings. Trump, famously, loves low rates. He has said repeatedly that he wants lower mortgage rates and to reduce the amount of interest that the federal government pays on its debt. And yet, momentum seems to be building toward curbing a Fed tool that is aimed at doing exactly that. The reason why the U.S. central bank’s holdings are so large — well in excess of $6 trillion — is that the institution acted during the past couple of crises to stimulate the economy beyond just lowering short-term interest… ...[TheTopNews] Read More.2 weeks ago - Margins of Error
Look closely at almost anything and you'll find data—lots of it. But what are those numbers really saying about who we are and what we believe? Harry Enten is on a mission to find out. ...[TheTopNews] Read More.2 weeks ago - 0% intro APR until 2024 is 100% insane...[TheTopNews] Read More.2 weeks ago
- CNN Political BriefingThe political news you need to know, in 10 minutes or less. Hosted by David Chalian. ...[TheTopNews] Read More.2 weeks ago
- The Axe Files with David AxelrodGo beyond the soundbites and get to know some of the most interesting players in politics. ...[TheTopNews] Read More.2 weeks ago
- Inside the Sandwich Guy’s Jury
The jurors in the case of The United States of America v. The Sandwich Guy (as Sean Charles Dunn is better known) sized one another up before the final group had even been selected, asking, “Did you attend the ‘No Kings’ march?”“It’s like, You’re damn right I went,” one juror told me, referring to the anti-Trump protests throughout the country last month, including in Washington, D.C. (The juror, who spoke with me several days after she and 11 of her peers found Dunn not guilty of assault, did so anonymously because, as she explained, Donald Trump’s administration is “very vengeful,” and she fears retribution.)The facts of the incident are ostensibly simple: In the early days of Trump’s militarization of the nation’s capital, Dunn—a 37-year-old Air Force veteran and, at the time, Justice Department employee—screamed at federal officers stationed in a popular nightlife corridor, repeatedly calling them fascists, and then hurled… ...[TheTopNews] Read More.2 weeks ago
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