Matt Gagnon discusses the Federal Reserve’s decision not to cut interest rates, suggesting that Chair Jerome Powell’s conservative stance is driven by a desire to maintain economic stability rather than political motivations. Gagnon criticizes the Federal Reserve’s manipulation of interest rates, citing historical examples like the housing bubble. He argues that political influence on interest rates could lead to artificial economic booms and subsequent bubbles. Gagnon also criticizes the EU trade deal as a political win, predicting that tariffs will eventually lead to increased consumer prices and inflation. He emphasizes the importance of the Federal Reserve’s independence from political pressure.
They gathered at the Washington National Cathedral on Thursday — former presidents, vice presidents, sworn political foes and newfound friends — in a show of respect and remembrance for Dick Cheney, the consequential and polarizing vice president who became an acidic scold of President Donald Trump.
Melania Trump and Usha Vance took their first trip together, spending time in North Carolina on Wednesday with service members and their families to show appreciation for their service and sacrifice as the holidays approach.
Members of the Sackler family who own OxyContin maker Purdue Pharma must pay billions of dollars to settle a flood of lawsuits over the harms of opioids, in a new deal formally approved by a federal bankruptcy judge on Tuesday.
The House voted overwhelmingly in favor of a bill Tuesday to force the Justice Department to publicly release its files on the convicted sex offender Jeffrey Epstein, a remarkable display of approval for an effort that had struggled for months to overcome opposition from President Donald Trump and Republican leadership.
