The Federal Reserve left interest rates unchanged at its monthly meeting on Wednesday but behind that unsurprising and uneventful news lay some early signs that the chaotic and potentially detrimental policies of the Trump administration are beginning to take their toll. Four times a year, apart from its consideration of interest rate changes, the central […]

 A clutch of new economic statistics released in the past several days show an economy that appears stable: still creating jobs and inflation behaving slightly better than expected. But the stock market remains spooked and consumers have turned wary, in large part because of the erratic economic policy actions by the Trump administration, particularly […]

 President Trump’s first address to Congress of his second term was a bit surprising in one respect (at 100 minutes, it clocked in at the longest Congressional address in recent history) and not surprising at all in a second: It was replete with lies and exaggerations. Some were familiar (like the idea that President […]

President Trump gave the first nationwide address of his second term last night, with his usual mix of lofty promises and mixed adherence to the facts. Not surprisingly, tariffs were a central part of his message – but both markets and everyday Americans have a different view of the outlook. The S&P 500 fell by […]

  The Trump administration is closing in on a deal for the United States to receive a financial interest in Ukraine’s critical minerals industry. The first question, of course, is why we are asking an ally that was attacked to pay a kind of reparations. But apart from that, the president has characteristically exaggerated and […]