Another Federal Reserve meeting, another loss for President Trump. And we should all be grateful for that. A few hours ago, the Federal Open Market Committee voted 10 to 2 to reduce interest rates by just 0.25 percent, disregarding Mr. Trump’s regular exhortations that rates should be as much as two full percentage points lower. […]
All the political skirmishing around the looming government shutdown has obscured the critical reason for it in the first place: Republicans have essentially stopped saying they want to repeal Obamacare, but quietly, they are doing exactly that. Over the past nine months, Republicans have gone a long way toward dismantling key Obamacare provisions under the […]
Perhaps we should have seen this coming. In his first term, Donald Trump was not shy about using the bully pulpit of the presidency to attack any institution that interfered with his uniquely distorted economic philosophy. He roundly criticized the chairman of the Federal Reserve, Jerome Powell, for raising interest rates. He harangued Harley-Davidson for […]
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
