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Preview for Later Today: Liz Peek examines new Federal Reserve Chairman Kevin Warsh's mission to reform the institution. Warsh, mentored by Alan Greenspan, aims to avoid the perceived political mistakes and inflationary missteps of his predecessor, Jay Powell.1917 FEDERAL RESERVE BOARD
Glen chats with Lee Wetherington about Jack Henry's newly minted survey of nearly 200 credit union and bank CEOs, exploring how strategic priorities and top concerns differ by group and how they've shifted over time. Also, a treasure trove of new industry data- on consumer payment choice, household economics, crypto/stablecoin usage, and a breezy 269-page NCUA stroke of GENIUS for your holiday reading pleasure. Links related to this episode: Jack Henry's 2026 Strategy Benchmark Study: https://discover.jackhenry.com/strategy-benchmark-study-2026 FRB Services' Diary of Consumer Payment Choice: https://www.frbservices.org/news/research/2026-findings-diary-consumer-payment-choice The Kansas City Fed's paper on stablecoin use: https://www.kansascityfed.org/documents/15703/PaymentsSystemResearchBriefing26Noll0410.pdf The Federal Reserve Board's 2025 Survey of Household Economics and Decisionmaking (SHED): https://www.federalreserve.gov/publications/files/2025-report-economic-well-being-us-households-202605.pdf CU Today on the NCUA's proposed approach to implementing the GENIUS Act: https://www.cutoday.info/THE-feature/NCUA-s-New-Stablecoin-Framework-Sparks-Debate-Over-CUs-Best-Digital-Dollar-Strategy Join us for our next CU Town Hall- Wednesday May 20 at 3pm ET/Noon PT- a live and lively interactive conversation tackling the major issues facing credit unions today. In this session, John will dissect OpenAI's new personal finance offering. The Town Hall is free to attend, but advance registration is required: https://www.cutownhall.com/ Follow us on LinkedIn: https://www.linkedin.com/company/best-innovation-group/ https://www.linkedin.com/in/jbfintech/ https://www.linkedin.com/n/glensarvady/
The Federal Reserve Board begins this week with a new chair, Trump appointee Kevin Warsh. The Fed is a nonpartisan government body tasked with setting interest rates and controlling inflation, but since the start of Trump's second term, former Fed chair Jerome Powell endured enormous pressure from the president, including a federal investigation against him, which has since been dropped. Can we trust our central bank to retain the independence that has made the U.S. the center of the globe's financial system? We talk with the makers of a new Frontline documentary, “The President vs. The Fed.” Guests: James Jacoby, director, "The President vs. The Fed;" Jacoby has won an Emmy award for his previous film "Amazon Empire," and a Peabody award for his film "The Facebook Dilemma" Anya Bourg, producer, "The President vs. The Fed;" previous films include "The Facebook Dilemma" Learn more about your ad choices. Visit megaphone.fm/adchoices
Kevin Warsh will be sworn in this week as the new chair of the Federal Reserve, marking a major leadership transition at the central bank. Warsh takes over as the country continues to face inflation, high gas prices and uncertainty tied to the war with Iran. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Iowa Business Report Monday EditionMay 18, 2026 National financial journalist Jordan Goodman on the naming of a new chair of the Federal Reserve Board, and how that might impact the current split on the board regarding policy.
Guest Joseph Barrato Founder & CEO of Arrow Investment AdvisorsWebsitehttps://arrowfunds.com/BioJoseph Barrato is the Founder and CEO of Arrow Investment Advisors, where he has spent nearly two decades developing institutional-style portfolio solutions designed to help financial advisors navigate changing market environments through diversification, tactical allocation, and alternative investments.With more than 25 years of experience spanning ETF innovation, quantitative modeling, managed futures, and tactical portfolio construction, Joe has been involved in the development of several pioneering investment structures throughout his career. Prior to founding Arrow in 2006, he held leadership roles at Rydex Investments, where he worked on research, momentum modeling, and product development initiatives that contributed to some of the earliest innovations in smart beta, tactical allocation, and ETF portfolio design, including work associated with the Invesco S&P 500 Equal Weight ETF.Earlier in his career, Joe spent 12 years at the Federal Reserve Board of Governors, where he worked as both a financial analyst and senior financial examiner supporting economists, analyzing monetary data, and advising Federal Reserve officials on financial and operational matters.Under Joe's leadership, Arrow became an early adopter of managed futures within the 40 Act structure and today manages one of the industry's longest-running managed futures strategies in a mutual fund wrapper. Arrow has also helped develop innovative solutions across tactical balanced portfolios, global macro strategies, income-oriented ETFs, and Tactical Bitcoin strategies focused on managing volatility within digital assets.In addition to portfolio management and product development, Joe regularly publishes market commentary and portfolio research through Arrow Insights, focusing on portfolio construction, volatility, diversification, and evolving market structure. He is also actively involved in charitable and community outreach initiatives, including Dividend Angels and service-oriented programs supporting recovery and underserved communities in Baltimore.Joe's investment philosophy centers on a belief that portfolio structure matters just as much as asset selection. His work has consistently focused on helping advisors incorporate non-correlated exposures, systematic disciplines, and dynamic allocation frameworks into modern portfolio construction.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair. Mark takes your calls! Mark interviews economist Steve Moore. Steve discusses Taiwan's strong economy compared to China, noting this as a possible motivation for China's interest in Taiwan. He also points out that China receives more oil through the Strait of Hormuz than the U.S. does. Steve mentions the current global shortage of fertilizer and suggests that President Trump could consider lifting tariffs on fertilizer imports.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair. Mark interviews economist Steve Moore. Steve discusses Taiwan's strong economy compared to China, noting this as a possible motivation for China's interest in Taiwan. He also points out that China receives more oil through the Strait of Hormuz than the U.S. does. Steve mentions the current global shortage of fertilizer and suggests that President Trump could consider lifting tariffs on fertilizer imports. President Trump is most likely taking extra security precautions in China due to concerns about surveillance, including the possibility of microphones in hotels and meeting rooms. Dr. Anthony Fauci, prominent in the U.S. COVID-19 response, has faced criticism regarding some of his guidance during the pandemic. A left-leaning leader currently leads the UK government. Mark suggests that if UK voters become dissatisfied, there could be a shift toward more conservative policies, which could also be reflected in future U.S. elections. Mark interviews WOR weeknight host Jimmy Failla. Jimmy comments that the liberal leanings of most late-night TV hosts may be contributing to declining ratings and affecting public perception. He and Mark also discuss the popularity of Johnny Carson's former home and why it attracts so many visitors.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair. Mark takes your calls! Mark interviews economist Steve Moore. Steve discusses Taiwan's strong economy compared to China, noting this as a possible motivation for China's interest in Taiwan. He also points out that China receives more oil through the Strait of Hormuz than the U.S. does. Steve mentions the current global shortage of fertilizer and suggests that President Trump could consider lifting tariffs on fertilizer imports. See omnystudio.com/listener for privacy information.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair. Mark interviews economist Steve Moore. Steve discusses Taiwan's strong economy compared to China, noting this as a possible motivation for China's interest in Taiwan. He also points out that China receives more oil through the Strait of Hormuz than the U.S. does. Steve mentions the current global shortage of fertilizer and suggests that President Trump could consider lifting tariffs on fertilizer imports. President Trump is most likely taking extra security precautions in China due to concerns about surveillance, including the possibility of microphones in hotels and meeting rooms. Dr. Anthony Fauci, prominent in the U.S. COVID-19 response, has faced criticism regarding some of his guidance during the pandemic. A left-leaning leader currently leads the UK government. Mark suggests that if UK voters become dissatisfied, there could be a shift toward more conservative policies, which could also be reflected in future U.S. elections. Mark interviews WOR weeknight host Jimmy Failla. Jimmy comments that the liberal leanings of most late-night TV hosts may be contributing to declining ratings and affecting public perception. He and Mark also discuss the popularity of Johnny Carson's former home and why it attracts so many visitors. See omnystudio.com/listener for privacy information.
President Trump is meeting with President Xi Jinping in China. One of the main topics is China's interest in Taiwan, which remains a key issue in U.S.-China relations. Israeli Prime Minister Benjamin Netanyahu announced that Israel is planning legal action against The New York Times, alleging the paper has published anti-Semitic content. Jerome Powell will remain on the Federal Reserve Board after serving as Fed Chair. Kevin Warsh has been named as the new incoming Fed Chair. See omnystudio.com/listener for privacy information.
Prediction markets have grown into a multibillion-dollar industry. This episode asks whether they are powerful forecasting tools or gambling platforms in disguise—and what their rise means for how risk and information are priced. Hosts: Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR) Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR) Guest: Christy Goldsmith Romero, Former Commissioner, Commodity Futures Trading Commission (CFTC) We discuss: How prediction markets are turning the world into a “casino” where you can bet on almost anything, from elections and geopolitics to sports and niche events. The evolution of prediction markets from academic tools to mainstream platforms shaping finance, politics, and culture. Why these markets sometimes outperform polls, where they fall short, and how they blur the line between forecasting and entertainment-driven gambling. As Rebecca Patterson asks: “Are these markets actually useful, or are they just gambling dressed up as forecasting?” The legal gray areas that are allowing prediction markets to expand so quickly and the growing risk of manipulation and insider bets. An anecdote from France, where someone allegedly tampered with a weather sensor to manipulate the outcome of a prediction market bet. How governments and regulators are struggling to keep up. Whether these markets truly reflect the “wisdom of crowds” or just loud, well-funded players. Mentioned on the Episode: Anthony M. Diercks, Jared Dean Katz, and Jonathan H. Wright, “Kalshi and the Rise of Macro Markets,” Federal Reserve Board “The Future of Financial Services Regulation: A Conversation with CFTC Commissioner Christy Goldsmith Romero,” Brookings Institution Adam Hoffer and Jacob Macumber-Rosin, “Expanded Sports Betting Legalization Would Generate Billions in Tax Revenue,” Tax Foundation Andy Serwer, “Charles Schwab CEO Explains Why Investing Works—and Gambling Doesn't,” Barron's Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released. The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.
-A new operation to protect ships as they move through the Strait of Hormoz begins today in Iran. -As Spirit Airlines ceases operations, Sec. of Transportation Sean Duffy outlines immediate steps for stranded passengers, refund procedures, and the factors that led to this collapse. -Former CIA analyst Fred Fleitz joins “America Right Now” to break down President Trump's “shot across the bow” sent to Germany following the decision to pull 5,000 troops from the region and the complexities of negotiating with the Iranian regime. -On "Wake Up America Weekend," former Reps. Pete King and Jack Kingston react to President Trump's push to liberate the Cuba. -On "Rob Schmitt Tonight," Peter Navarro discusses Jerome Powell staying on the Federal Reserve Board after he steps down as chairman. -President Trump is the first to report Rudy Giuliani entering a Florida hospital in critical condition. Today's podcast is sponsored by : NOBLE GOLD - Don't wait six months from now wishing you had positioned earlier. Have the conversation now. Schedule a free gold strategy session at http://NobleGoldInvestments.com/NEWSMAX Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media: -Facebook: http://nws.mx/FB -X/Twitter: http://nws.mx/twitter -Instagram: http://nws.mx/IG -YouTube: https://youtube.com/NewsmaxTV -Rumble: https://rumble.com/c/NewsmaxTV -TRUTH Social: https://truthsocial.com/@NEWSMAX -GETTR: https://gettr.com/user/newsmax -Threads: http://threads.net/@NEWSMAX -Telegram: http://t.me/newsmax -BlueSky: https://bsky.app/profile/newsmax.com -Parler: http://app.parler.com/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices
Iowa Business Report Monday EditionMay 04, 2026 National financial journalist Jordan Goodman recapping the most recent actions of the Federal Reserve Board.
05-02-26See omnystudio.com/listener for privacy information.
Outgoing Federal Reserve Chair Jerome Powell announces he will remain on the board as a governor as Kevin Warsh prepares to take over. What could be his reasons for staying and what does it mean for the Fed? Plus, the U.S. economy keeps growing modestly, but inflation is getting higher according to the new economic data from the first quarter of 2026. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Federal Reserve held interest rates steady at 3.5%–3.75%, but the bigger story may be what comes next. Powell announced he plans to remain on the Federal Reserve Board as a governor after his term ends—an unusual move that limits a potential board vacancy and keeps his influence in play. Lance Roberts & Michael Lebowitz examine what this means for monetary policy, market expectations, and the timing of future rate cuts. Key topics include: 0:00 - INTRO 1:02 - Closing Out April, Moving Into May: earnings season winding down 3:52 - Eli Lilly & GLP-1 4:21 - No Change in Fed Stance & Oil Prices 6:04 - Market Consolidation Continues 9:56 - Mrs. Roberts Moderates & Likes for Lebo 11:47 - Mag-4 Earnings Review 16:16 - Eli Lilly & Myriad Applications for GLP-1 19:13 - Most Uneventful Eventful Fed Meeting 23:22 - Office Politics at The Fed 26:01 - The Hawkish Take is the Correct One 27:41 - What Really Drives Inflation (not car insurance) 31:47 - Inflation Varies by Location 33:15 - The Fed is Stuck 34:59 - Oil Futures Pricing & the "Sweet Spot" 36:47 - Earnings & Profit Margins - Where's the Risk? 39:08 - Caterpillar Earnings & Data Center Construction Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/oYQSPI-_BqE?feature=share ------- Watch today's "Before the Bell" feature, "Market Stalls as Risks Build," here: https://youtu.be/SSzwq4AG2-0 ------- Watch our previous show, "Q&A Wednesday: Markets & Your Money ," https://youtube.com/live/xzazFr20EOE ------- * REGISTER for our next Candid Coffee, Saturday, May 16: "Financial Organization Made Simple:" https://streamyard.com/watch/SA6aj2aMdMhf -------- Resources Mentioned in Today's Show: "Hormuz: Why Markets Are Shrugging Off The Oil Shock" https://realinvestmentadvice.com/resources/blog/hormuz-why-markets-are-shrugging-off-the-oil-shock/ "The Dollar's Funeral Keeps Getting Rescheduled" https://realinvestmentadvice.com/resources/blog/the-dollars-funeral-keeps-getting-rescheduled/ ------- Download Lance's Latest e-book, "Laws of Money & Wealth:"https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketOutlook #InvestingStrategy #EarningsSeason #RiskManagement #FederalReserve #InterestRates #JeromePowell #MonetaryPolicy
The Federal Reserve held interest rates steady at 3.5%–3.75%, but the bigger story may be what comes next. Powell announced he plans to remain on the Federal Reserve Board as a governor after his term ends—an unusual move that limits a potential board vacancy and keeps his influence in play. Lance Roberts & Michael Lebowitz examine what this means for monetary policy, market expectations, and the timing of future rate cuts. Key topics include: 0:00 - INTRO 1:02 - Closing Out April, Moving Into May: earnings season winding down 3:52 - Eli Lilly & GLP-1 4:21 - No Change in Fed Stance & Oil Prices 6:04 - Market Consolidation Continues 9:56 - Mrs. Roberts Moderates & Likes for Lebo 11:47 - Mag-4 Earnings Review 16:16 - Eli Lilly & Myriad Applications for GLP-1 19:13 - Most Uneventful Eventful Fed Meeting 23:22 - Office Politics at The Fed 26:01 - The Hawkish Take is the Correct One 27:41 - What Really Drives Inflation (not car insurance) 31:47 - Inflation Varies by Location 33:15 - The Fed is Stuck 34:59 - Oil Futures Pricing & the "Sweet Spot" 36:47 - Earnings & Profit Margins - Where's the Risk? 39:08 - Caterpillar Earnings & Data Center Construction Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/oYQSPI-_BqE?feature=share ------- Watch today's "Before the Bell" feature, "Market Stalls as Risks Build," here: https://youtu.be/SSzwq4AG2-0 ------- Watch our previous show, "Q&A Wednesday: Markets & Your Money ," https://youtube.com/live/xzazFr20EOE ------- * REGISTER for our next Candid Coffee, Saturday, May 16: "Financial Organization Made Simple:" https://streamyard.com/watch/SA6aj2aMdMhf -------- Resources Mentioned in Today's Show: "Hormuz: Why Markets Are Shrugging Off The Oil Shock" https://realinvestmentadvice.com/resources/blog/hormuz-why-markets-are-shrugging-off-the-oil-shock/ "The Dollar's Funeral Keeps Getting Rescheduled" https://realinvestmentadvice.com/resources/blog/the-dollars-funeral-keeps-getting-rescheduled/ ------- Download Lance's Latest e-book, "Laws of Money & Wealth:"https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketOutlook #InvestingStrategy #EarningsSeason #RiskManagement #FederalReserve #InterestRates #JeromePowell #MonetaryPolicy
Fed Governor Powell Does NOT Step Down — What Next for the Fed, Mortgage Rates, Homebuyers & Homeowners?No he didn't.Jerome Powell is stepping down as Federal Reserve chairman — but he is not leaving the Federal Reserve.In this video, I break down Powell's rare decision to remain on the Federal Reserve Board of Governors after his chair term ends, why this matters for Fed independence, what it could mean for the next Fed chair, and how the bond market may react.And most importantly — what does this mean for mortgage rates, homebuyers, homeowners, and anyone waiting for rates to finally move lower?The Fed just held interest rates steady again, inflation remains a concern, energy prices are pressuring the economy, and the market is trying to figure out whether rate cuts are still coming — or whether mortgage rates could stay higher for longer.Today we're covering:Why Powell is stepping down as chair but staying at the FedWhy this is historically rareWhat this means for the next Fed chairHow markets may reactWhy mortgage rates do not follow the Fed directlyWhat homebuyers and homeowners should watch nextWhether this changes the outlook for rate cuts and refinance opportunitiesThe big question now:Does Powell staying at the Fed create stability — or more uncertainty for mortgage rates?No hype. Just real data.Chapters00:00 No He Didn't — Powell Is Not Leaving the Fed00:35 Powell Steps Down as Chair, But Stays as Governor01:25 Why This Fed Move Is Historically Rare02:20 What Powell Said About Not Being a “Shadow Chair”03:15 Why Fed Independence Is the Bigger Story04:20 What This Means for the Next Fed Chair05:30 The Fed Holds Rates Steady Again06:35 Inflation, Oil Prices, and the Fed's Problem07:45 Why Mortgage Rates Don't Follow the Fed Directly08:55 Treasury Yields, Bonds, and Market Reaction10:05 What Homebuyers Should Watch Next11:15 What Homeowners and Refinancers Should Do Now12:25 Final Takeaway: Stability or More Rate Uncertainty?
Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”See omnystudio.com/listener for privacy information.
Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”See omnystudio.com/listener for privacy information.
Bankrate Financial Analyst Stephen Kates joins Megan ahead of a Federal Reserve Board meeting and announce a 3rd interest rate decision of the year.
Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”See omnystudio.com/listener for privacy information.
Preview for Later: HEADLINE: Kevin Warsh's Vision for a Narrower Federal Reserve GUEST: Liz PeekSUMMARY: Peek discusses nominee Kevin Warsh's plan to return the Fed to a narrow mandate focused on monetary stability. Warsh aims to reduce social policy involvement and decrease the Fed's day-to-day market influence.1914 FEDERAL RESERVE BOARD
Of what value to investors is a Federal Reserve Board chair who is a consensus builder? Confluence Associate Market Strategist and Certified Business Economist Thomas Wash joins Phil Adler to tell us why this is important.
Federal Reserve Leadership in Transition A significant shift is underway at the Federal Reserve, placing unusual attention on both policy decisions and leadership changes. The Federal Open Market Committee (FOMC) convenes this week to determine the direction of interest rates, whether to raise, lower, or maintain current levels. While expectations suggest rates will remain unchanged, the real focus lies in the messaging that follows the decision, particularly during the chairman's press conference, where future policy direction is often clarified. This meeting carries added weight as it is likely the final one led by current Chairman Jerome Powell. A key development is the anticipated confirmation of Kevin Warsh as his successor, following movement in the Senate to advance his nomination. The timing creates a rare overlap in influence, with both Powell and Warsh shaping expectations around monetary policy. This dual presence introduces a degree of uncertainty, as markets interpret signals from both current and incoming leadership. Another point of interest is whether Powell will remain on the Federal Reserve Board after stepping down as chairman. Historically, most departing chairs have chosen to leave entirely, though remaining as a voting member is an option. Such a scenario could create an unconventional dynamic within the Fed's leadership structure. At the same time, expectations for interest rate cuts have moderated. Many market participants now anticipate a steady rate environment in the near term. As leadership transitions, attention will remain fixed not only on official statements but also on market reactions, particularly movements in the 10-year Treasury yield, which often reflects the market's true interpretation of policy direction. Market Breadth Signals a Stronger Rally While Federal Reserve policy remains a critical driver of market performance, corporate earnings and profit margins continue to play a foundational role. Alongside these factors, technical indicators offer valuable insight into the sustainability of market trends. One such indicator is the advance-decline line, which measures market breadth by tracking the number of advancing stocks versus declining ones. Unlike price-based indices that can be heavily influenced by large-cap stocks, this metric provides a clearer picture of overall market participation. Recent data shows encouraging signs. The advance-decline line has reached new highs, supported by broad participation across the market. Since the market's low in late March, a majority of stocks have rebounded from oversold conditions, reinforcing the strength of the current rally. Historically, this type of widespread participation has been a reliable signal of more durable upward trends. The improvement in market breadth suggests that the rally is not narrowly concentrated but instead supported by a healthier underlying structure. While no single indicator is definitive, this development strengthens the case for continued market resilience. Oil Prices and Geopolitical Patterns Geopolitical events, particularly in the Middle East, often bring heightened attention to oil prices and their broader economic impact. Initial reactions to such events typically involve sharp price increases, reinforcing concerns about inflation and rising costs for consumers. However, historical trends reveal a more nuanced pattern. Data tracking oil price behavior before and after geopolitical events shows that prices often begin adjusting well in advance, suggesting that markets may anticipate disruptions before they fully materialize. More notably, the longer-term trend tends to contradict the initial spike. On average, oil prices are approximately 5% lower 65 days after a geopolitical event. Extending the timeline further, prices are typically down around 3% after 250 days, with median figures indicating even steeper declines. These patterns suggest that while short-term volatility is common, sustained increases are less typical. This tendency highlights the importance of maintaining a broader perspective when evaluating energy markets. While immediate price movements capture attention, longer-term trends often reflect stabilization or decline as markets adjust and uncertainties resolve. As geopolitical developments continue to unfold, oil prices remain a key variable to monitor, not only for their direct impact on consumers but also for their influence on inflation and overall economic conditions. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Shaking Up the Fed first appeared on Fi Plan Partners.
April, 25 2026, 9 AM; Instead of a comedian, this year's dinner will feature mentalist Oz Pearlman, who is known for his mind-reading tricks that have made him a viral sensation. Pearlman could give us a glimpse into what is on the mind of not only the journalists in the room, but maybe President Trump himself. He joins "The Weekend" to discuss the White House Correspondents' Dinner and to show off a few of his tricks For more, follow us on social media: Bluesky: @theweekendmsnow.bsky.social Instagram: @theweekendmsnow TikTok: @theweekendmsnow To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jesus shows up on a beach after the worst week of his friends' lives and asks a disarmingly simple question: have you eaten anything? This week we push back against the lie of scarcity and practice the defiant, countercultural act of believing there is enough. LINKS: Current Conversation | Connect | YouTube | Coming Up TRANSCRIPT: Eat Something: Waking Up to Being Fed The Question That Shouldn't Be Radical A beat of honesty to begin… This week's message is built around a phrase that should not be controversial. It shouldn't raise anyone's blood pressure. It shouldn't feel political. It shouldn't require courage to say. The phrase is: There actually is enough. And yet… depending on your life experience, where you grew up, what your bank account looks like, what neighborhood you're in… that phrase might land anywhere from obviously true to laughably false to offensive, because you don't know my life. So before we go anywhere else, let's hold all of that. Let's hold the complexity of that sentence in the room together. The Story… Breakfast on the Beach (John 21:1–14) Tell the story… Let's paint the scene: It's after the resurrection. The disciples are rattled, confused, grief-stained. They've seen what they've seen, but nothing has quite settled yet. So they do the thing people do when they don't know what else to do: they go back to work. Peter says, I'm going fishing. And the others say, We'll come too. They fish all night. They catch nothing. Then, as dawn is breaking, a figure appears on the shore. He calls out: "Hey, you don't have any fish, do you?" They say no. He tells them to throw the net on the other side of the boat. They do — and suddenly there are so many fish they can't haul the net in. And then — and this is one of my favorite mental pictures of Jesus ever — they get to shore, and he's already has a charcoal fire going. Fish already on it. Bread already there. He doesn't wait for them to bring what they caught and make it into something. There is already something prepared. And he says: "Come and have breakfast." There's no moment of like… “let's debrief the last week.” or “I need you to understand what just happened.” Come and have breakfast. Pull up some sand and have a seat. The first thing the newly-alive Jesus does with his bewildered, grieving, exhausted friends is to feed them. The Lie of Scarcity Now — here's where we need to be honest with each other, and honest about the world we actually live in. Because it is not true that everyone in this room or in this city, or this country has always had enough to eat. Or enough to feel safe. Or enough to rest. In 2024, nearly 1 in 7 U.S. households — that's 47.9 million people — experienced food insecurity at some point during the year. Nearly 1 in 5 households with children were food insecure, the highest rate since 2014. And those numbers are not distributed evenly. Almost 1 in 4 Black households, 1 in 5 Hispanic households, and nearly 1 in 3 American Indian and Alaska Native households were food insecure in 2024 — at least double the rate for non-Hispanic white households. These inequities reflect the impact of structural barriers rooted in systemic racism and other forms of discrimination that result in higher rates of poverty. So when we talk about scarcity — we have to say this plainly: for a lot of people in our lives and community, scarcity has not been a philosophical problem or a spiritual metaphor. It has been Tuesday. An embodied, lived reality. And we have to also say: that is not because the earth doesn't produce enough. It's not because there isn't enough food, or enough housing, or enough care to go around. The pie is plenty big. But the slices are cut unevenly.. Research from the Federal Reserve Board shows that Black families' median wealth was approximately 15% that of white families — $44,900 compared to $285,000 — in 2022. Studies indicate these racial disparities persist even when factors like income and education are accounted for, suggesting that pervasive racism embedded in historical, political, and economic systems continues to drive the gap. Scarcity, as most of us experience it, is manufactured. It is the product of systems — empire systems, to use a biblical word — that concentrate abundance at the top and make the rest fight over the remainder. The problem is not that there isn't enough fish in the sea. The problem is who controls the nets. What Jesus Keeps Doing And this is where the Easter story opens up into something larger than one morning on a beach. Because if you read the Gospels as a whole — if you trace the arc of what Jesus actually did — you start to notice a pattern. Feeding keeps happening. Abundance keeps showing up in the middle of scarcity. Five loaves and two fish for thousands of people, and there are baskets left over. Water turned to wine at a wedding — not a trickle, but somewhere between 120 and 180 gallons. A woman who loses a coin and sweeps her whole house until she finds it, then throws a party that probably costs more than the coin. A father who sees his prodigal kid coming from a long way off and kills the fatted calf — we're celebrating tonight. Over and over, Jesus enacts this: there is enough. More than enough. Abundance is the character of the divine, not scarcity. And then he dies. And the people who crucified him — Rome, the religious gatekeepers, the systems that depended on keeping people in their place — they thought that was the end of it. But here's what resurrection means, in part: his teachings didn't die with him. The practices didn't die. The communities he formed kept forming. Throughout history, untold numbers of people, inspired by this life and death, have put their bodies and their resources on the line to insist — there is enough, and we're going to share it. The church at its best — not its worst, not its empire-adjacent self, but its best — has always been a community that takes the fish off the fire and says come and have breakfast. That is what resurrection looks like in a neighborhood. In a coalition. In a food pantry. In a protest. In a community that shows up, over and over, to say: the story of scarcity is a lie, and we're not going to live by it. What We're Doing Here, Fabric… And here's where I want to get concrete, because I think this community is doing exactly that kind of work — and I don't want us to miss it or undervalue it. Our new partnership with ISAIAH — a statewide coalition of congregations and allies working for racial and economic equity in Minnesota GuideStar — is one expression of this. ISAIAH was founded in 2000 and has won real, tangible things: healthcare access for all children regardless of immigration status, billions in public transit funding, paid leave, homeowners' rights. These are not small things. These are exactly the kind of retooling… taking systems built on scarcity and bending them toward abundance… that the beach breakfast points toward. When Fabric shows up in public — at Fabric on the Town events like this past Friday at Midtown Global Market, for Fabric in Action events, or simply at tables in the neighborhood— we are not doing outreach in the old-school sense of trying to recruit people to our club. We are practicing what it looks like to be a community that shows up and says: we're here. We see you. There's room at the table. When you show up on Sunday, or in your Fabric group, or check in on someone during the week — you are participating in this same movement. You are part of a network that is slowly, stubbornly, defiantly insisting that there is enough connection, enough care, enough belonging to go around. This is not soft or peripheral… this is the work. The Hard Part: Receiving But here's where I want to gently push, because there's a move in this story that's easy to skip over. The disciples don't just witness the breakfast. Jesus tells them to bring what they caught — and they do. And then he says: come and eat. Receiving is part of this. And for a lot of us — especially those of us who've been trained by scarcity, by systems that told us our needs were a burden, by communities or families that taught us to make do and not ask — receiving is actually the harder practice. Self-compassion researchers Kristin Neff and Christopher Germer have spent years documenting something that resonates here: one of the key barriers to human flourishing is not a lack of generosity toward others, but an inability to extend that same generosity to ourselves. Their work in Mindful Self-Compassion identifies a move they call mindful awareness — which is simply this: noticing what is actually happening in your experience right now, without immediately narrating it, judging it, or trying to fix it. Not: I shouldn't feel this way. Not: Other people have it worse. Not: If I just work harder, I'll feel okay. Just: This is what is happening in me right now. That kind of honest, gentle noticing — of your own hunger, your own exhaustion, your own longing — is actually a prerequisite for being able to receive. You can't take food you don't know you need. Closing Practice So let's close with something simple. An invitation to practice mindful awareness — and what this story might call coming to the fire. Take a breath. Let your feet feel the floor. And ask yourself — without judgment, without fixing — one of these questions. Just one. Let whichever lands, land. Where am I running on empty right now? What kind of nourishment have I been telling myself I don't need, or don't deserve, or can wait?
Advisors on This Week's Show Kyle Tetting Dave Sandstrom John Sandstrom (with Max Hoelzl,Joel Dresang, engineered by Jason Scuglik) Week in Review (April 13-17, 2026) Significant Economic Indicators & Reports Monday Housing sales stayed “sluggish” in March amid the weakest market in more than 30 years, according to the National Association of Realtors. The annual sales rate dipped another 3.6% from February to 3.98 million, 1% lower than the year before. The trade group blamed elevated mortgage rates and continued lack of inventory. Another 300,000 to 500,000 houses would be needed in addition to the 1.4 million already for sale to reach the historic balance between supply and demand, the group said. The imbalance has resulted in price increases. The median sales price rose 1.6% from the year before to a record $408,880 in March. The Realtors estimated that rising prices have increased the typical homeowner’s wealth by $128,100 since 2000. Tuesday The Bureau of Labor Statistics reported that wholesale inflation rose 0.5% in March, as prices on goods increased while services were unchanged. An 8.5% jump in energy prices, including nearly 16% in gasoline, accounted for the bulk of the rise in the cost of goods. The Producer Price Index advanced 4% from the year before, the steepest increase in more than three years. Excluding volatile prices for food, energy and trade services, the core PPI rose 0.2% from February and was up 3.6% from the year before, the most since November. Wednesday No major announcements Thursday The four-week moving average for initial unemployment claims rose for the seond week in a row following five weeks of no increases. The indicator of employers' willingness to let workers go remained 42% below the all-time average, dating to 1967, according to Labor Department data. Total claims for jobless benefits fell 4% from the week before to 1.9 million, which was 3% off from where it was the year before. Industrial production sank in March for the first time in four months as output from mines, utilities and manufacturing all declined. The Federal Reserve Board said overall production fell 0.5%, although it was up 2.4% through the first quarter and was 0.7% ahead of where it stood in March 2025. Factory production dropped 0.1% from February on broad declines led by automotive, which were partly offset by increased output from construction supplies as well as defense and space equipment. Industries' capacity utilization rate fell slightly from February and stayed below its 54-year average, suggesting higher prices weren't imminent. Friday No major announcements Market Closings for the Week Nasdaq – 24468, up 1566 points or 6.8% S&P 500 – 7126, up 309 points or 4.5% Dow Jones Industrial Average – 49448, up 1531 points or 3.2% 10-year U.S. Treasury Note – 4.25%, down 0.08 point
President Trump has threatened to fire US Federal Reserve chair Jerome Powell if he does not step aside next month, raising concerns over central bank independence and market uncertainty. Pakistan remains involved in diplomatic efforts over the US, Israel and Iran conflict, as questions grow over whether this could bring any economic benefit amid domestic pressure. And travellers across several European airports are facing long delays due to the EU's new entry and exit system, with some missing flights after hours in queues. (Photo: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, in Washington DC, July 24, 2025. Credit: REUTERS/Kent Nishimura)
Advisors on This Week's Show Kyle Tetting Steve Giles Kendall Bauer (with Jason Scuglik) Week in Review (April 6-10, 2026) Significant Economic Indicators & Reports Monday No major announcements Tuesday The Commerce Department signaled ongoing weakness in demand for long-lasting manufactured products as orders for durable goods declined in February for the third month in a row and the fourth time in five months. A drop-off in requests for aircraft led a 1.4% dip in orders for the month, though commercial aircraft orders boosted the year-to-year totals to an 8.1% increase. Excluding transportation equipment, orders rose 0.8% from January and were up 5.3% from February 2025. Core capital goods orders, considered a proxy for business investments, rose 0.6% for the month and increased 4.2% from the same time last year. The Federal Reserve reported that revolving credit debt outstanding rose at an annual rate of 0.6% in February. That was down from paces of 2.3% and 7.4% in the preceding months and suggests a rising reluctance among consumers to carry credit card debt. Revolving credit debt has declined 1.8% from its peak in October 2024. The report showed total consumer debt growing at an annual 2.2% pace, including a 2.8% rise in non-revolving credit, which includes student loans and vehicle financing. Wednesday No major announcements Thursday The four-week moving average for initial unemployment claims rose for the first time in six weeks but remained 42% below the long-term average. The measure is an ongoing indicator of employers' reluctance to let go of workers. The Labor Department also reported that a little more than 2 million Americans claimed jobless benefits in the most recent week. That's down 1.3% from the week before and down 2.3% from the same time last year. U.S. economic growth slowed more than previously reported at the end of 2025. The Bureau of Economic Analysts said gross domestic product rose at an annual pace of 0.5% in the fourth quarter, down from an earlier estimate of 0.7% and a pace of 4.4% in the third quarter. The bureau said lower investment accounted for most of the revision, although consumer spending also slowed, and government spending declined sharply — partly tied to the shutdown in October and November. The Bureau of Economic Analysis separately reported that consumer spending rose 0.5% in February. Meanwhile, personal income fell 0.1%, resulting in a drop in the personal savings rate. The same report showed the Federal Reserve Board's favorite inflation gauge unchanged from January at 2.8%. The Fed's long-term target for inflation broadly is 2%. Friday Higher energy prices led a surge in inflation in March. The Bureau of Labor Statistics reported that the Consumer Price Index, the broadest measure of inflation, rose 0.9% from February and 3.3% from the year before — the biggest one-year increase since May 2024. Energy costs increased 12.5% in the last year, including a 21.2% spike in gasoline prices just in March. Core inflation, excluding food and energy products, rose 0.3% from February and 2.6% from the year before. The war in Iran has taken a toll on Americans’ confidence in the economy and their financial outlooks. University of Michigan said its consumer sentiment index dropped 11% in March and was 9% below where it stood a year ago. The university said sentiment fell broadly across demographic groups. Expectations for inflation reached the highest levels since a year ago, when they shot up amid uncertainty over U.S. tariff policies. Market Closings for the Week Nasdaq – 22903, up 1024 points or 4.7% S&P 500 – 6817, up 234 points or 3.6% Dow Jones Industrial Average – 47917, up 1412 points or 3.0% 10-year U.S. Treasury Note – 4.32%, up 0.01 point
Steve Kamin is a senior fellow at the American Enterprise Institute and was previously the director of the Division of International Finance at the Federal Reserve Board. Mark Sobel is the US chairman of the Official Monetary and Financial Institutions Forum and is a veteran of the US Department of Treasury. Steve and Mark return to the show to discuss the status of dollar dominance, the future threats to dollar dominance, the role or lack thereof that stablecoins will play in dollar dominance, the new findings in the Treasury Foreign Exchange Report, the current state of tariffs, whether we are in a second China shock, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on March 5th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Steve Kamin on X: @Steven_Kamin Follow Mark Sobel on X: @Sobel_Mark Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:02:26 - Termites Eating Away at Dollar Dominance 00:16:52 - Future Threats to Dollar Dominance 00:19:47 - Stablecoins and Dollar Dominance 00:33:40 - Treasury Foreign Exchange Report 00:44:28 - Tariff Policy 00:53:25 - Second China Shock? 01:00:38 - Outro
Ruth Judson is a monetary economist, economic historian, and veteran of the Federal Reserve Board of Governors. In Ruth's first appearance on the show she discusses her career at the Fed, field trips tracking counterfeit dollars around the global, how we know how much currency is held overseas, why money doesn't matter anymore, the problem with cashless societies, how to understand TIC data, the promise of dollar backed stablecoins, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on March 4th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:13 - Ruth at the Fed 00:08:09 - Currency 00:31:29 - Counterfeits 00:39:00 - TIC Data and Safe Assets 00:44:18 - Dollar-Based Stablecoins 00:49:55 - Outro
Directed energy weapons, autonomous drones, and combat AI agents are not just real. They are deployed.Jim Rebesco, cofounder and CEO of Striveworks, breaks down what's driving this moment, and the second and third-order effects most people aren't tracking yet. AI can't be bolted onto legacy systems and expected to perform. It demands a blank sheet of paper. New design philosophy, new economics, new operational infrastructure. The old model of pitching a PowerPoint and billing for development is already crumbling. What replaces it is being built right now.Agenda0:00 We're already living in the cyberpunk era of war 5:34 When do you trust an agent with your credit card 14:04 The blank sheet of paper and the F-16 19:34 From Wall Street algorithms to battlefield AI 24:34 What Gen Alpha already takes for granted 32:34 When science fiction becomes reality 38:34 The $500 drone and the new economics of defense 45:34 The trust stack and the agentic AI revolution Guest Links & BioJim Rebesco: LinkedInStriveworks: WebsiteStriveworks Raises Growth Capital Led By Washington Harbour Partners Dr. Jim Rebesco is CEO and a co-founder of Striveworks, an artificial intelligence company focused on the deployment of AI/ML models at scale. He is a board member for Sayari Labs, a leading financial intelligence company, and has served as a consulting member of the Army Science Board. Prior to founding Striveworks, Dr. Rebesco worked at Virtu Financial, a leading electronic market-making firm, where he led trading and data science teams as a partner in the firm. He was instrumental in building Virtu's capabilities from the beginning in data science and analytics and played a critical role in the firm's IPO in 2015. Dr. Rebesco has been engaged with the Federal Reserve Board, elements within the Department of Defense, the United States Military Academy, and others as a recognized subject matter expert in both Al and its applications to various industries, including finance and national defense. Dr. Rebesco earned his B.S. in Physics from the California Institute of Technology and his PhD in computational neuroscience from Northwestern University. -------------------Austin Next Links: Website, X/Twitter, YouTube, LinkedInEcosystem Metacognition Substack
Advisors on This Week's Show Tom Pappenfus Dave Sandstrom (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (March 16-20, 2026) Significant Economic Indicators & Reports Monday U.S. industrial production rose 0.2% in February, following a 0.7% gain in January, according to the Federal Reserve. Manufacturing output also increased 0.2%, led by automotive products. In the last year, total production advanced 1.4% while manufacturing rose 1.3%. The capacity utilization rate, considered a leading indicator of inflation, was unchanged in February, staying at 76.3%, well below the long-term average. Tuesday Prospects for home sellers brightened slightly in February with a bump up in the pending home sales index from the National Association of Realtors. The trade group said its index rose 1.8% from January and 0.8% from the year before, though it still stood about 28% below the 2001 index, which the Realtors consider to be a normal sales level. The association credited improved affordability for the rise in pending sales. It also said affordability could be threatened by a “sluggish” job market and rising energy costs stemming from the war in Iran. Wednesday Wholesale inflation rose more than analysts expected in February with the highest jump in goods prices since August 2023. The Bureau of Labor Statistics said its Producer Price Index rose 0.7% from January. It was up 3.4% from the year before, the most in a year. Excluding volatile prices for food, energy and trade services, the core PPI rose 0.5% from January and was 3.5% higher than the year before. Demand for U.S. manufactured goods rose in January for the fourth time in six months. The Commerce Department reported that new orders for factory goods grew by 0.1% from December and were 3.5% ahead of their level in January 2025. Gains were led by commercial aircraft orders, which offset declines in automotive and military aircraft. Excluding the volatile transportation category, orders rose 0.4% for the month and 0.6% for the year. Core capital goods orders, a proxy for business investments, rose 0.1% from December and 2.9% from the year before. As widely anticipated, the policy-making committee of the Federal Reserve Board voted to hold short-term interest rates steady. After a two-day meeting, the Federal Open Market Committee noted that inflation continued to run above the Fed’s 2% target, although the economy appeared to be expanding at a solid pace and the labor market showed little change since the last meeting. Thursday The four-week moving average for initial unemployment claims fell for the third time in four weeks to 42% below its average since 1967. The Labor Department report suggested continued reluctance among employers to let workers go. Total jobless claims dropped 3.4% from the week before to just under 2.2 million, which was 0.3% behind the same time in 2025. The market for new houses sank to its slowest pace in more than three years in January. The annual rate of new residential sales fell nearly 18% from December and was the lowest since October 2022, the Commerce Department reported. As a result, the inventory of unsold new houses rose to a 9.7 months' supply. The median price for a new house fell 6.8% from the year before to $400,500. Friday No major announcements Market Closings for the Week Nasdaq – 21648, down 458 points or 2.1% S&P 500 – 6506, down 126 points or 1.9% Dow Jones Industrial Average – 45577, down 981 points or 2.1% 10-year U.S. Treasury Note – 4.39%, up 0.11 point
A federal judge has quashed two grand jury subpoenas issued by the DC U.S. Attorney's Office against Federal Reserve Chair Jerome Powell and the Federal Reserve Board of Governors. Hawk reads through the full 27-page ruling by Judge James Boesberg, unpacking the legal reasoning behind one of the most significant judicial rebukes of the Trump administration's weaponization of the criminal justice system. The subpoenas targeted Fed building renovation cost overruns and Powell's congressional testimony — neither of which the court found to contain any credible evidence of criminal activity. Judge Boesberg concluded that the subpoenas' dominant purpose was to harass and pressure Powell into either lowering interest rates or resigning, making way for a more compliant Fed chair. The ruling draws on Trump's own Truth Social posts, statements from White House officials, and the pattern of DOJ prosecutions targeting political opponents including Adam Schiff, James Comey, and Letitia James. Jeanine Pirro, U.S. Attorney for the District of Columbia, held an unhinged post-ruling press conference in which she badly mischaracterized the judge's legal findings on probable cause. Judge Boesberg, the same judge who previously ordered a halt to deportation flights to El Salvador's CECOT prison, wrote that the government offered essentially zero evidence that Powell committed any crime "other than displeasing the president." The court rejected the DOJ's renovation fraud theory, Powell's congressional testimony as a basis for perjury, and the government's refusal to provide any confidential evidence even when the judge offered a private chambers review. The Federal Reserve's independence, monetary policy, interest rates, and the rule of law are all at the center of this landmark court order. SUPPORT & CONNECT WITH HAWK- Support on Patreon: https://www.patreon.com/mdg650hawk - Hawk's Merch Store: https://hawkmerchstore.com - Connect on TikTok: https://www.tiktok.com/@mdg650hawk7thacct - Connect on TikTok: https://www.tiktok.com/@hawkeyewhackamole - Connect on BlueSky: https://bsky.app/profile/mdg650hawk.bsky.social - Connect on Substack: https://mdg650hawk.substack.com - Connect on Facebook: https://www.facebook.com/hawkpodcasts - Connect on Instagram: https://www.instagram.com/mdg650hawk - Connect on Twitch: https://www.twitch.tv/mdg650hawk ALL HAWK PODCASTS INFO- Additional Content Available Here: https://www.hawkpodcasts.comhttps://www.youtube.com/@hawkpodcasts- Listen to Hawk Podcasts On Your Favorite Platform:Spotify: https://spoti.fi/3RWeJfyApple Podcasts: https://apple.co/422GDuLYouTube: https://youtube.com/@hawkpodcastsiHeartRadio: https://ihr.fm/47vVBdPPandora: https://bit.ly/48COaTB
On today's episode of the Consumer Finance Monitor Podcast our host, Alan Kaplinsky, discusses the rapidly evolving landscape of federal financial supervision with Sherra Brown, Head of Regulatory Research and Analysis for the Americas at Vixio Regulatory Intelligence. Our conversation focuses on what may be a fundamental shift in supervisory practices at the Consumer Financial Protection Bureau and the implications of parallel changes at the federal banking agencies. Recent reports suggest that the CFPB may dramatically scale back its supervisory program—potentially reducing the number of examinations from roughly 600 annually to about 70, conducting examinations entirely virtually, narrowing the scope of reviews, and even Introducing a so-called "humility pledge" for examiners. If implemented, these developments would represent a significant departure from the Bureau's prior supervisory posture. At the same time, the federal prudential banking regulators—the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve Board—are moving toward a more risk-focused examination model, eliminating "reputation risk" as a supervisory category and signaling a broader effort to reduce regulatory burden. Below are several key themes from our discussion. Possible Structural Changes to CFPB Supervision Sherra and Alan discussed reports that the CFPB could significantly reduce the scope and frequency of its supervisory examinations. The Bureau may move toward a model involving: 1. Fully virtual examinations 2. A dramatically smaller number of exams each year 3. Narrower, risk-focused review areas 4. Greater reliance on institutions' internal compliance testing The shift could also reflect staffing reductions and broader policy priorities under the current administration. While virtual examinations are not new, as they were widely used during the COVID-19 pandemic, the potential reduction in exam scope and volume would mark a major change. As Sherra noted, a narrower supervisory footprint raises an important question: is the Bureau fundamentally redesigning its supervisory model or simply doing the minimum necessary while its future remains uncertain? What a Virtual Examination Looks Like For institutions that have not experienced a virtual exam, the process is procedurally similar to traditional on-site supervision. Institutions typically receive a document request list and must provide materials electronically. Interviews and meetings with examiners occur via videoconference. However, the key difference is relational. Virtual supervision makes it harder for examiners and institutions to build the working relationships that often facilitate dialogue and clarification during an on-site review. Data integrity, document accessibility, and centralized record management become even more important in a virtual environment. Likely Areas of CFPB Focus Although the Bureau has not yet clearly identified which institutions will be examined, Sherra suggested that the focus will likely be on large banks rather than non-bank entities. She also noted that several areas historically emphasized by the CFPB appear unlikely to receive the same attention going forward. For example, the Bureau has backed away from certain fair-lending theories such as disparate impact. One area that appears likely to remain a priority is protections for service members, including compliance with the Military Lending Act. Prudential Regulators: A Parallel Shift While the CFPB's future direction remains uncertain, the prudential regulators have continued their examination programs. One of the most notable developments is the elimination of "reputation risk" as a supervisory category. The OCC has already removed it from examination practices, and both the FDIC and Federal Reserve have indicated similar intentions. Historically, reputation risk sometimes served as a catch-all category allowing regulators to pressure institutions even when no specific legal violation was identified. Its removal is part of a broader effort to focus supervision on clearly defined financial, operational, and compliance risks. At the same time, regulators appear to be tailoring examination intensity more carefully based on institutional size and risk profile, potentially reducing the burden on community banks. Compliance Should Not Be Relaxed Despite the apparent reduction in federal supervisory activity, Sherra emphasized that institutions should not weaken their compliance management systems. Several factors make continued vigilance essential: 1. State attorneys general remain active in consumer protection enforcement. 2. Private litigation risk persists. 3. Future administrations could revive aggressive federal supervision, potentially accompanied by look-back reviews. Strong documentation, robust complaint management processes, and clear audit trails remain essential. The Growing Role of States Another important theme from our discussion is the expanding role of state enforcement. Several states, including New York, California, and Massachusetts, have signaled their intention to fill any perceived gaps left by reduced federal oversight. State regulators and attorneys general continue to focus on issues such as fair lending, consumer protection violations, and deceptive practices. Accordingly, institutions operating nationally must consider not only federal expectations but also evolving state regulatory priorities. Five Practical Takeaways Five key takeaways for financial institutions navigating this changing supervisory environment are: 1. Fewer examinations do not mean less regulatory risk. 2. Complaint management and data analytics will become increasingly important. 3. Documentation discipline is even more critical in a virtual examination environment. 4. Institutions should not weaken their compliance management systems. 5. Board and senior management oversight remain essential. In short, while federal supervision may be evolving, the fundamental expectations for sound compliance and risk management remain unchanged. Listeners can access the full discussion on the Consumer Finance Monitor Podcast, where Sherra Brown provides valuable insight into what may be one of the most significant shifts in federal financial supervision in recent years. Consumer Finance Monitor is hosted by Alan Kaplinsky, Senior Counsel at Ballard Spahr, and the founder and former chair of the firm's Consumer Financial Services Group. We encourage listeners to subscribe to the podcast on their preferred platform for weekly insights into developments in the consumer finance industry.
Dan Skelly of Morgan Stanley Wealth Management joins on set to assess the market setup and what investors should watch next. In tech Nvidia takes center stage as CEO Jensen Huang delivers a major keynote. Patrick Moorhead of Moor Insights and Dylan Patel of SemiAnalysis analyze the announcements and discuss what they mean for AI infrastructure, memory demand and the semiconductor ecosystem. Mark Mahaney of Evercore explains why there investors are looking for signals for spending discipline across big tech. Finally Steve Liesman breaks down a key question in Washington: whether the Federal Reserve Board could vote Jerome Powell back into the chair role if Kevin Warsh is not confirmed in time. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
This Day in Legal History: Mississippi Ratifies 13th AmendmentOn March 16, 1995, Mississippi took an unusual step in American constitutional history by formally ratifying the Thirteenth Amendment to the United States Constitution. The amendment, which abolished slavery and involuntary servitude except as punishment for a crime, had already become part of the Constitution in 1865 after the required number of states approved it. Mississippi, however, had originally rejected the amendment during the Reconstruction era. For more than a century afterward, the state never revisited the issue, leaving it as one of the few states that had not formally ratified the amendment.Although Mississippi's approval in 1995 had no legal effect on the validity of the amendment, it carried symbolic weight. Lawmakers described the vote as an effort to acknowledge and correct a lingering historical omission. The action highlighted how the constitutional amendment process operates: once three-fourths of the states ratify an amendment, it becomes law for the entire nation, regardless of whether every state agrees. In other words, Mississippi had been bound by the Thirteenth Amendment for 130 years before its legislature finally endorsed it.The event also reflected a broader trend in which states reconsider and symbolically ratify long-standing constitutional amendments they once opposed. Such actions often serve educational or reconciliatory purposes rather than legal ones. Mississippi's vote functioned as a public acknowledgment of the amendment's moral and constitutional importance. The late ratification became a reminder that constitutional history does not always end when an amendment is adopted. Instead, the meaning and recognition of constitutional change can continue to evolve long after the law itself is settled.President Donald Trump issued an executive order directing the Federal Trade Commission (FTC) to strengthen enforcement of “Made in America” labeling, particularly for products sold online. The order instructs the FTC to prioritize cases against companies that falsely claim their goods are made in the United States. According to the administration, many online sellers market products as American-made even when significant parts or manufacturing occur overseas. The order emphasizes that consumers should be able to rely on clear and accurate country-of-origin claims when shopping.To address the issue, the FTC has been directed to consider new regulations requiring online retailers to verify that products advertised as “Made in the USA” actually meet legal standards. If sellers fail to confirm those claims, the order states the conduct could violate the Federal Trade Commission Act. Federal agencies responsible for country-of-origin labeling are also instructed to coordinate with the FTC to ensure consistent guidance for businesses. In addition, agencies involved in federal procurement must review origin claims for goods purchased through government contracts. Vendors that misrepresent product origins could be referred to the U.S. Department of Justice.The order comes amid growing litigation over allegedly misleading “Made in America” marketing. Several companies have faced lawsuits claiming their branding implies domestic production even when manufacturing occurs abroad. Examples include disputes involving a coffee company accused of implying its products were American-made and lawsuits challenging origin claims for household products like aluminum foil and kitchenware. These cases highlight the legal risks companies face when marketing goods as domestically produced without meeting regulatory standards.Trump Executive Order Targets ‘Made In America' Labeling - Law360U.S. prosecutors are defending a decision to block Venezuelan government funds from being used to pay for the legal defense of former Venezuelan president Nicolás Maduro in his U.S. criminal case. Maduro and his wife, Cilia Flores, are facing federal charges in New York related to drug trafficking and have pleaded not guilty while awaiting trial in custody.Maduro's lawyer asked a federal judge to dismiss the indictment, arguing that the U.S. Treasury Department improperly revoked an earlier sanctions exemption that would have allowed the Venezuelan government to cover his legal fees. According to the defense, Venezuelan law and tradition require the state to pay for the president's legal expenses, and blocking those funds interferes with Maduro's Sixth Amendment right to counsel.Federal prosecutors responded that the exemption allowing government funds was granted by mistake and later corrected. They argued that Maduro should not benefit from Venezuelan state money because the United States has not recognized him as the legitimate leader of Venezuela for years. Prosecutors also emphasized that he and Flores remain free to use their personal funds to hire lawyers.The dispute highlights how U.S. sanctions and foreign policy can intersect with criminal proceedings in American courts. A federal judge in Manhattan is expected to address the legal funding issue during an upcoming court hearing.US prosecutors defend block on Venezuelan state funds for Maduro's defense | ReutersA federal judge in Washington, D.C., blocked two grand jury subpoenas connected to a Justice Department investigation of Federal Reserve Chair Jerome Powell. The subpoenas sought records about a costly renovation of the Federal Reserve's headquarters and Powell's testimony to Congress about the project. Prosecutors had opened the investigation to examine whether Powell misled lawmakers regarding the renovation's rising price tag.U.S. District Judge James E. Boasberg granted the Federal Reserve Board's request to quash the subpoenas, concluding that prosecutors issued them for an improper purpose. The judge determined there was strong evidence the investigation was intended to pressure or harass Powell rather than uncover a legitimate crime. In his ruling, Boasberg noted repeated public attacks on Powell by President Donald Trump and other officials over the Federal Reserve's interest-rate policies. The court found no meaningful evidence that Powell had committed fraud or lied to Congress. The judge also pointed out that construction projects often exceed budgets and that the Fed's inspector general had already reviewed the renovation without identifying wrongdoing.The U.S. attorney for the District of Columbia criticized the decision and announced plans to appeal, arguing that the ruling undermines the grand jury's ability to investigate potential crimes. Meanwhile, the decision has intensified political debate over the independence of the Federal Reserve. Some lawmakers argue the investigation threatens that independence, while others say the probe should continue. The dispute also complicates efforts to confirm a potential successor to Powell as Federal Reserve chair, whose term is set to expire soon.DC Judge Blocks Subpoenas Targeting Fed's Powell - Law360The Trump administration is opposing the federal judiciary's effort to gain independent control over its courthouse buildings, arguing that the judicial branch lacks the expertise to manage large real estate operations. The dispute centers on whether responsibility for courthouse construction, maintenance, and leasing should remain with the General Services Administration (GSA), which has long managed federal buildings for the government.In a letter to the judiciary, GSA Administrator Edward Forst criticized the proposal and warned that giving the courts full authority over their facilities could lead to increased spending and reduced oversight of taxpayer funds. He cited data showing that while the judiciary accounts for a significant share of rent paid to the GSA, courthouse facilities represent an even larger share of federal spending on major building repairs and alterations. Forst said the agency will review courthouse repair and maintenance requests to ensure funds are used appropriately.Judicial officials, however, argue that the current system has left courthouses in poor condition. The Judicial Conference recently asked Congress to allow the judiciary to take over management of certain courthouse properties, citing an estimated $8.3 billion backlog in needed repairs. Court officials say the proposal would begin with a limited transition involving only a small number of districts and major courthouse buildings.The disagreement comes amid broader tensions between the judiciary and the Trump administration. Court leaders have also raised concerns that recent government reorganization and staffing cuts at the GSA have slowed security improvements and building maintenance at courthouses nationwide.Trump administration calls judiciary ‘ill-equipped' to manage its courthouses | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
In June 2025, when stepping into the Federal Reserve Board's role of vice chair for supervision, Michelle W. Bowman announced a comprehensive review of the bank capital framework. Since that time, she has introduced changes to two of the framework's four pillars, the supplementary leverage ratio and the stress-testing regime. As a next step in the comprehensive review, the Federal Reserve, together with the other federal bank regulatory agencies, will introduce proposed changes to the risk-based bank capital requirements.Join Vice Chair for Supervision Bowman at the Cato Institute as she details her comprehensive review and what is next for bank capital requirements and Basel III. Hosted on Acast. See acast.com/privacy for more information.
President Trump recently nominated Kevin Warsh to be the next Chairman of the Federal Reserve Board. In October 2022, Kevin spoke on What Happens Next along with my old boss Myron Scholes who was the recipient of the Nobel Prize in Economics.In this episode I include excerpts from that previous meeting as well as an additional interview with John Cochrane who is a Professor of Finance and Economics at Stanford's Graduate School of Business and a Senior Fellow at the Hoover Institute, and he will discuss the challenges that Kevin will face in his new job. Get full access to What Happens Next in 6 Minutes with Larry Bernstein at www.whathappensnextin6minutes.com/subscribe
The jury is still out for many analysts on the outlook for economic growth, inflation and the labor market this year.Some see lots of reasons for concern for the road ahead.Others are much more convinced 2026 is going to be a blockbuster year.Which is more likely?To find out, we have the good fortune to talk today with Dr Anna Wong, Chief U.S. Economist for Bloomberg Economics. Prior to her current role, Anna also worked at the Federal Reserve Board, the White House Council of Economics Advisers, and the U.S. Treasury.Anna and her team started the year quite bullish, seeing many of last year's headwinds turning into tailwinds in 2026.But, in light of recent developments, she's starting to turn more cautious.To find out why, watch this video.Follow Anna on Bloomberg by typing BECO + "Go"Or on X at @AnnaEconomistREGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#gdp #inflation #unemploymentrate _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.
No, this isn't a Bavarian dish. But our colleague Martin Wurm joins the Inside Economics team to consider Kevin Warsh as the next Chair of the Federal Reserve Board. The group dissects Warsh's writings and speeches to glean how he might change the way the Fed operates monetary and regulatory policy, and whether he will be able to preserve some semblance of Fed independence. There is also the stats game and listener question – please keep them coming.Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
First, Leah and Melissa explain the legal battles around the ICE occupation in Minnesota and what might come after the killings of Renee Good and Alex Pretti. Then, Leah, Kate, and Melissa run through the latest legal news, including Jack Smith's testimony before the House Judiciary Committee, before diving into this week's blockbuster oral argument, Trump v. Cook, on whether Trump has the power to fire Lisa Cook from the Federal Reserve Board. They also cover the week's other oral arguments, including a Second Amendment case where Sam Alito came out as woke…for guns. Finally, with apologies to the Fifth Circuit, a new nominee for America's worst circuit court. Preorder Melissa's new book, The U.S. Constitution: A Comprehensive and Annotated Guide for the Modern Reader, out May 12, 2026. Favorite things:Melissa: Valentino Was the Last of Fashion's Old Guard, Robin Givhan (NYT); The Supreme Court Just Held an Anti-Trans Hatefest, Elie Mystal (The Nation)Kate: The Purged, Franklin Foer (The Atlantic); There's Much More at Stake in the Fed Case Than Interest Rates, Lev Menand (NYT); God of the Woods, Liz Moore; Broken Country, Clare Leslie HallLeah: Lindsey Halligan being a shitty lawyer; Mark Carney at the World Economic Forum; Stand With Minnesota; Your Friendly Neighborhood Resistance, Kerry Howley (New York Magazine) Get tickets for STRICT SCRUTINY LIVE – The Bad Decisions Tour 2025! 3/6/26 – San Francisco3/7/26 – Los AngelesLearn more: http://crooked.com/eventsOrder your copy of Leah's book, Lawless: How the Supreme Court Runs on Conservative Grievance, Fringe Theories, and Bad VibesFollow us on Instagram, Threads, and Bluesky Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
PREVIEW FOR LATER TODAY Guest: Joseph Sternberg. Sternberg discusses the conflict between the White Houseand Federal Reserve Chairman Jerome Powell. While the President correctly argues that high interest rates make federal debt service costly, Sternberg contends that Powell previously compromised the Fed's independence by wading into fiscal policy debates during the 2020 pandemic.1927 FEDERAL RESERVE BOARD
PREVIEW FOR LATER TODAY Guest: Elizabeth Peek. Peek discusses the investigation into Federal ReserveChairman Jerome Powell regarding building construction costs. She labels the $700 million budget overage a "red herring," arguing it distracts from more critical debates concerning the Federal Reserve's future independence and the president's upcoming choice for leadership in the springtime.1914 FEDERAL RESERVE BOARD
Guests: Elizabeth Peek and John Batchelor. Batchelor and Peek discuss inflation holding firm at 2.7% in December. They evaluate falling gasoline prices and strong holiday retail performance as indicators of improving consumer sentiment. Peek also critiques a DOJ investigation into Jerome Powell, labeling it an "unforced error" that might inadvertently extend Powell's tenure.FEDERAL RESERVE BOARD 1917
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe EU economy is imploding, Germany the power manufacturing company is falling apart and now companies are moving to Hungary. Trump built the tariff system to compete the [CB]. Trump has now started the narrative of why the Fed should not be controlling the US economy. DOJ has begun a criminal investigation, soon the Fed will be restructured into the Treasury. The [DS] is panicking, they are losing the chess match and they have no more move except one. Trump has now set the stage and the [DS] will follow the path to their destruction. The money supply is in the process of being shutdown, the [DS] is struggling, the countries they controlled are struggling. Soon Trump will have all the leverage and the enemy will be at it’s weakest point. Game Over. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/WallStreetMav/status/2010625048856424506?s=20 countries. In the year 2023, Germany lost 123,000 manufacturing jobs. The trend has continued in 2024 and 2025. Lousy energy policy has consequences. https://twitter.com/RealPNavarro/status/2010480063091720266?s=20 https://twitter.com/RealPNavarro/status/2010480094662332678?s=20 factory jobs appear. https://twitter.com/Rasmussen_Poll/status/2010701202971935191?s=20 JUST IN: RINO Tillis Threatens to Block Fed Nominations Over Powell Criminal Investigation Federal investigators opened a criminal investigation into Fed Chairman Jerome Powell. Powell is under fire for the cost of renovating the Fed's DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. RINO Senator Thom Tillis is threatening to block any future Fed nominations over the Justice Department's federal criminal investigation into Fed Chair Jerome Powell. Source: thegatewaypundit.com FED Chairman Jerome Powell Attempts to Evade Legal Accountability by Hiding Behind His Office Regardless of how you feel about the Federal Reserve Board, I think we would all agree the construct of an autonomous central bank is outside the boundaries of our constitutional framework. Factually, the Sea Island financial group set up the Federal Reserve as a system of control over the U.S. economy that was completely unnecessary. . Last year facing ridiculous cost overruns, congress questioned Powell over the insane spending proposal by Powell for a new office building. Chairman Powell characterized the construction changes that escalated the cost of the project from $1.9 billion to $2.5 billion as ‘minor modifications.' That's $2.5 billions of taxpayer money. .[Transcript] – “Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure. This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation. I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people. Thank you.” Source:theconservativetreehouse.com Powell says criminal investigation by Trump's Justice Department threatens Fed's independence https://twitter.com/unseen1_unseen/status/2010547216906125721?s=20 https://twitter.com/jeffreytucker/status/2010520328389173522?s=20 would love to have been a fly on that wall, just listening in. Jerome caved. Now he is whining like a man-child that his supposed independence is being compromised by a threatened criminal indictment over a profligate building project. Historians will have a hard time making sense of this hilarity, including the faux-serious pose in this histrionic statement of pretend integrity. There is no place in a democracy for a secretive and all-controlling central bank. These conspirators are toast, if not now or tomorrow, then eventually. A peoples’ government needs a peoples’ money that people can own and control, and a banking system that is based on market competition, not a cartel of big shots. Sorry, Jerome, you showed your cards five years ago, revealing exactly who and what you serve, and that is not the American people. These are the end times for the Federal Reserve. https://twitter.com/julie_kelly2/status/2010771831658107044?s=20 https://twitter.com/julie_kelly2/status/2010761420082917557?s=20 Silver and Gold Hit New Highs on Fed Probe and Heightened Geopolitical Tensions Gold and silver prices are climbing in response to concerns around geopolitical issues and policy independence at the Federal Reserve. Source: barrons.com of Dollars! It would be a complete mess, and almost impossible for our Country to pay. Anybody who says that it can be quickly and easily done would be making a false, inaccurate, or totally misunderstood answer to this very large and complex question. It may not be possible but, if it were, it would be Dollars that would be so large that it would take many years to figure out what number we are talking about and even, who, when, and where, to pay. Remember, when America shines brightly, the World shines brightly. In other words, if the Supreme Court rules against the United States of America on this National Security bonanza, WE'RE SCREWED! PRESIDENT DONALD J. TRUMP Political/Rights WBD is not just another studio. It is the home of HBO, DC Comics, the Harry Potter films, Game of Thrones, and one of the most important film archives in the world. Netflix itself boasts that the acquisition would combine Warner's “iconic franchises and storied libraries” with the world's largest streaming platform. If Netflix absorbs these assets, it will not just be the biggest streaming service. It will become the most dominant cultural gatekeeper the United States — and much of the world — has ever seen. Yet despite the obvious risks, WBD's leadership is pushing forward even though Paramount Skydance has launched an all-cash tender offer of $30 per share for the entire company — a bid that implies significantly higher value for shareholders than Netflix's offer. At the same time, merging WBD's vast film and television library into Netflix would weaken competition in both streaming and content markets and concentrate cultural power in ways fundamentally at odds with the diversity of voices a free nation needs to survive. On these grounds alone, this merger should be stopped. Handing this machine control over Warner's franchises and future output would allow one company to rewrite characters, retell history, redefine social norms, and control which ideas reach audiences. Majority Of North Carolina Trucking Licenses Issued To Foreigners Are Illegal: Duffy A review of non-domiciled commercial driver's licenses (CDLs) granted in North Carolina found that 54 percent were issued illegally, the Department of Transportation (DOT) said in a statement on Jan. 8. The review was conducted by the Federal Motor Carrier Safety Administration (FMCSA) and is part of its ongoing nationwide audit of trucking licensing systems, the department said. DOT warned that if North Carolina does not “fix their serious failures” and revoke licenses issued illegally to foreign nationals, the department will withhold almost $50 million in federal funding. Source: zerohedge.com DOT Strips California Of $160 Million Over Foreign Truckers A showdown between the U.S. Department of Transportation and the State of California reached a breaking point on Wednesday after Transportation Secretary Sean Duffy announced the Federal Motor Carrier Safety Administration will withhold approximately $160 million in safety program money from the state. The move follows California's failure to meet a January 5 deadline to cancel more than 17,000 commercial truck driver's licenses that Duffy asserts were unlawfully issued by the state to foreign truckers. The California Department of Motor Vehicles announced in late December that it would delay the cancellation until March 6, but FMCSA did not agree to the extension. The $160 million penalty marks the first year of potential sanctions. Under federal law, if California continues to defy the FMCSA's Final Determination, the amount withheld could double in the second year. Source: zerohedge.com DOGE Yes, Dina Powell McCormick worked in the Trump administration. She served as the United States Deputy National Security Advisor for Strategy from 2017 to 2018 . She also held the role of Senior Advisor to the President for Entrepreneurship, Economic Growth, and the Empowerment of Women starting in January 2017 . For context, the Truth Social post you linked is Trump congratulating her on her new role as President and Vice Chairman of Meta (announced today, January 12, 2026) 1104 Q !xowAT4Z3VQ ID: 28003e No.967331 Apr 9 2018 12:09:25 (EST) Anonymous ID: db2d29 No.967224 Apr 9 2018 12:02:45 (EST) >>967123 YOU are being TRACKED. NO FB account required. WTF? Is it embedded in Android OS? This is BIGGER than you think. Agencies attached. Q >>967224 Think ‘Bridge’. GOOG. FB. TWITTER. IG. ‘Central’ algorithm. The stage had to be set. Q Geopolitical U.K Asks Germany and France, EU NATO, to Support Expanded Presence in Greenland President Trump wins again. Seriously folks, you would think that after all this time the Europeans would finally understand how President Trump manipulates the media cycle and gets them to do exactly what he wants – while they and the majority of their constituents think it's exactly the opposite. This stuff is just too funny now. According to European media outlets, British Prime Minister Keir Starmer is in discussions with Germany and France to send a NATO alliance to Greenland to establish a stronger NATO military footprint. {LINK} The media present this, hilariously, as if European NATO is going to defend Greenland against President Trump and the USA military. {{INSERT SEVERAL LAUGHING EMOJIS HERE}} I mean, think about it rationally. The U.K, France and Germany are unwilling to send troops into Ukraine without the protection of the U.S. military. But somehow, for some reason, the U.K, France and Germany are going to send troops to Greenland to defend against the U.S. military. The narrative sounds silly when put into context, right? So, President Trump starts talking about the U.S. taking aggressive unilateral action to secure Greenland as a strategic national security matter. Suddenly, ‘Voila!' European NATO, under the auspices of defending their Denmark democracy, wakes up and says, ‘No, wait, you can't just take Greenland, that's bad.' Then they assemble urgent talks to send EU NATO military resources to Greenland. Exactly what President Trump has been requesting to formerly deaf ears. See how that works? Source: theconservativetreehouse.com https://twitter.com/thestinkeye/status/2010481974985560110?s=20 notes… JSOC Step 4: seize narrative and news cycles for a week or two while all the large accounts get their marching orders and post the same stuff over and over. The EU threatens to mobilize to “protect Greenland” and quietly discovers they cannot project meaningful power outside their continent without the US. Step 5: DJT walks back the outrageous solution (invasion) to the somewhat radical solution (purchase). The big accounts feel like they matter, the little accounts feel like the have been heard. DJT gets what he wanted all along, and Denmark gets a pile of money to fritter away buying votes with socialist BS. https://twitter.com/amuse/status/2010567080802738660?s=20 https://twitter.com/MarioNawfal/status/2010739799477354900?s=20 systemic instability. https://twitter.com/sentdefender/status/2010605925342597449?s=20 Guard Corps (IRGC). https://twitter.com/RapidResponse47/status/2010532329303965733?s=20 Venezuela’s leader was a fugitive from US law enforcement and not a legitimate head of state, according to 60 different countries. He was apprehended, and Venezuela’s remaining leaders were asked to cooperate with US expectations. Greenland is likely to negotiate a compact of free association with the US and receive financial assistance, while maintaining self-governance, in exchange for military protection. Cuba is in rapid decline due to a loss of support from Venezuela (and other factors). China and Russia could offer assistance, but at considerable risk. Trump can wait and watch Cuba self-destruct, then come in and offer assistance to the Cuban people if and when they ask. Iran is in a similar situation to Cuba: a nation in rapid decline, with massive risk for Trump if he intervenes too quickly. The likely play there is to wait for the Ayatollah to flee. There would be no finger-pointing about “regime change” if the Islamic regime collapses on its own. Then, the US could offer assistance as an interim government is established. War/Peace https://twitter.com/WallStreetMav/status/2010435240079319153?s=20 specifically exclude any NATO troops from ever being put into Ukraine. All of these steps are designed to specifically undermine President Trump’s efforts at peace between Ukraine and Russia. The warmongers in Europe are determined to keep the war going as long as possible. They need to distract their voters with enemies so they don’t realize how Europe is collapsing economically and culturally. The European “leaders” desperately need enemies like Trump and Putin in order to point the finger and cast blame while things get worse in their own countries. Blame external forces, not their own policies. North Korean Hackers Using QR Codes to Steal Sensitive Information: FBI North Korean state-sponsored cyber threat group Kimsuky is targeting American entities via a QR code scheme that can compromise sensitive information, the FBI said in a Jan. 8 alert. “As of 2025, Kimsuky actors have targeted think tanks, academic institutions, and both U.S. and foreign government entities with embedded malicious Quick Response (QR) codes in spearphishing campaigns,” the FBI stated. “This type of spearphishing attack is referred to as Quishing.” “Quishing (QR Code Phishing) is a phishing technique in which adversaries embed malicious URLs inside QR codes to force victims to pivot from their corporate endpoint to a mobile device, bypassing traditional email security controls.” In quishing campaigns, threat actors send QR images to targets as email attachments or embedded graphics, which typically evade URL inspection mechanisms. When targets scan the QR code, they are routed via redirectors to webpages that harvest their credentials. Such webpages impersonate Microsoft 365, Okta, or VPN portals. These operations typically end with hackers bypassing multifactor authentication (MFA) and hijacking cloud identities without triggering the usual “MFA failed” alerts. They can then establish persistence in the organizations' networks and use the compromised mailboxes to carry out further hacking operations, the agency warned. The FBI recommended that organizations adopt a multilayered security strategy to tackle the unique risks posed by QR hacking schemes. Source: americafirstreport.com https://twitter.com/disclosetv/status/2010464207192371542?s=20 Medical/False Flags Cancer Drugs Drive Nearly One-Fifth Of Pharma Sales The global pharmaceutical industry’s revenue is increasingly concentrated in a handful of high-value drug classes, with oncology, diabetes/obesity treatments and immunology leading the charge. As Statista’s Tristan Gaudiat details below, according to estimates from Statista Market Insights, cancer drugs alone generated over $217 billion last year, making oncology the largest therapeutic segment, driving nearly one-fifth (18 percent) of all pharmaceutical sales. You will find more infographics at Statista Antidiabetic medicines rank second, with estimated sales of over $85 billion in 2025, contributing 7 percent to global market revenues. Source: zerohedge.com then Premiums will FALL, by 50% or more, for most people. I want to go back to the three year window where you can get in there for ObamaCare where you won't pay as much. Don't expand ObamaCare. Congress must make Trump Rules permanent. These were President Trump's 2018 Short Term Plans Rule that President Obama terminated. All Congress has to do is say, ‘Look, the Short Term Plans can last up to 36 months, your Insurer can sell you a Renewal Guarantee so it can last even beyond that period, and you will get lower priced Insurance, better Insurance, Longer Term Insurance and, it doesn't cost Taxpayers a dime or, it won't destabilize ObamaCare.' Much simpler than what President Trump's advisers are selling him, much better to assuage the fears of nervous Democrats, because we had these Rules in place for six years, and ObamaCare did not crater. Subsidies will not solve this problem. Government should be capping what it spends on Healthcare at ZERO. Send them a check. No need for subsidies. Congress has to get out of the way of Private Insurance Companies. Give the money to the Consumers to buy directly from the Health Insurance Companies.” [DS] Agenda https://twitter.com/ElectionWiz/status/2010347486783693056?s=20 https://twitter.com/WarClandestine/status/2010445777676673233?s=20 https://twitter.com/RealAbs1776/status/2010549397969350845?s=20 https://twitter.com/amuse/status/2010554642107675018?s=20 https://twitter.com/DHSgov/status/2010362097562013779?s=20 https://twitter.com/RapidResponse47/status/2010540542220726775?s=20 https://twitter.com/disclosetv/status/2010537739767238962?s=20 https://twitter.com/TheStormRedux/status/2010374476819472477?s=20 dozens and dozens of those individuals to justice already. We're gonna keep hundreds of HSI officers there to continue to protect those children. Every day we get another individual that was sexual assault against a child. Sodomy against a child. I can't believe that the mayor and governor can defend allowing those people to go out there and victimize more of our children and grandchildren.” Infuriating. When see you see these dumbass leftists protesting in the streets, just know that they are out there protecting pedophiles. At this point, how can anyone claim that the Democrats are the “good guys”? https://twitter.com/AGPamBondi/status/2010755631972577560?s=20 rammed a Border Patrol vehicle, threatening the lives of federal law enforcement officers. He should NEVER have been in our country to begin with, and we will ensure he NEVER walks free in America again. President Trump's Plan https://twitter.com/amuse/status/2010487811732840449?s=20 A federal grand jury voted to indict the former FBI Director on two felony counts — and then three federal judges unraveled that indictment through conjecture, media narratives, personalized attacks on the United States Attorney, and procedural anomalies that have no precedent in federal criminal practice. https://twitter.com/RealSLokhova/status/2010247488826175976?s=20 https://twitter.com/realJeremyCarl/status/2010710384769151325?s=20 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");
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