“Promises made, promises kept.” Other presidents have employed variations of that phrase, although few with the gusto of President Trump; he even proclaims it on the White House website. When it comes to the economy, though, “promises not kept” would be a more apt description of the first 19 months of Trump 2.0. And many […]
Kevin Warsh finally won the prize he long pursued: becoming chairman of the Federal Reserve. Now, as he presides over this first meeting, comes the harder part. Mr. Warsh finds himself in a Bermuda triangle of policy pressures, greater challenges than any new Fed chairman since the Jimmy Carter era. The new chairman is caught […]
Pressed by his Wall Street supporters, President Trump is moving to liberalize the types of investments Americans can make with their individual retirement accounts. Instead of betting their retirement savings on plain vanilla stocks and bonds, account holders would be allowed to move their funds into sexy sectors like private equity, private credit and cryptocurrency […]
“[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
