Behind Trump’s Bid for Fed Dominance Lies a Dangerous Debt Idea
As Trump ramps efforts to control the Fed investors worry he’ll use central bank tools to fix something that’s not a central bank problem.
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Bessent Says US Tariff Revenue Could be Well Over $500 Billion a Year
U.S. Treasury Secretary Scott Bessent said that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year.
Morgan Stanley Joins Global Peers With September Fed Rate Cut Outlook as Powell Shifts Tone
Morgan Stanley has joined a growing bloc of global brokerages forecasting a September interest rate cut by the US citing Fed's Powell's shift in tone.
'Deal-Based Capitalism' Is 'Quite Problematic': Larry Summers
The US government has taken a 10% stake in Intel (INTC), a deal that President Trump has signaled could be the first of a new norm.
White House's Hassett Says US Could Take Stakes in Other Chip Companies
The federal government could take stakes in other U.S. semiconductor companies or even move to other industries.
Did Powell Signal September Rate Drop with Jackson Hole Speech?
Fed Chair Powell delivered message markets were hoping for at Jackson Hole, signaling the central bank is prepared to shift policy in September.
Morning Bid: Treasuries Tighten as Fed Hawks Re-emerge
What matters in US and global markets? Investors wait anxiously for Fed Chair Jerome Powell’s keynote speech at the Jackson Hole symposium today.
