As a constituent, I am asking that @governorwalz.mn.gov and @keithellison.bsky.social arrest these men and prosecute them before they kidnap someone and intentionally freeze them to death

If this is true, just require immediate disclosure of congressional trades and allow everyone to make these returns

New rules? Fed presidents need to live in their districts three years to get the job. www.bloomberg.com/news/article...

It's a shame Apple, Amazon and a host of other tech companies and others couldn't act as responsibly as JPMorgan. It's real leadership by Jamie Dimon. $JPM

Bloomberg reports Kevin Hassett is the frontrunner for the Fed chairmanship. www.bloomberg.com/news/article...

Really sickening that MBS, responsible for the murder of a US journalist and dismembering of his body, is going to be celebrated at the White House. Really bad idea for any US executives to participate in this.

There are a stunning number of US citizens treated as criminals by ICE for no other reason than they are brown or Asian. Some have been injured and others kept in prison for days without access to lawyers. open.substack.com/pub/harrylit...

Kavanaugh will burn in hell

ROSENBERG: Today’s Univ of Michigan consumer confidence was “the third decline in a row .. the lowest since last May. This is in the lowest 1% share of readings of all time! “.. Auto and home buying plans have only been as weak as they are today less than 5% of the time in the past.”

Atlanta residents are much more negative about the economy than they were in Trump’s first term: www.ajc.com/business/202...

Massive price increases on health insurance from the Affordable Care Act unless Congress acts. www.ajc.com/news/2025/10...

It’s disgraceful that. CEOs are caving in to an increasingly authoritarian regime rather than speaking out for democracy. Any leaders who speak out would be helping the cause of democracy and ultimately the economy.

A substack writer looks at Bill Pulte’s background open.substack.com/pub/keubiko/...

Another blow to the case trying to unseat Fed Gov. Cook: “The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary residence.” Via Reuters

Fox defense reporter notes no U.S. response or role in Russia's violation of Poland's border.

People can get into a $TSLA but they can’t get out . Seems like a big problem. www.bloomberg.com/features/202...

Lisa Cook can continue in her job , at least for now. www.bloomberg.com/news/article...

NEW: Trump has targeted political foes — including Federal Reserve governor Lisa Cook — for claiming more than one primary residence on their loan papers. But ProPublica found that at least three of the president’s Cabinet members have done the same thing.

NYT: “We are no longer in the muzzle velocity stage of this presidency. We are in the authoritarian consolidation stage of this presidency.”

Really good analysis of the Fed's and Chair Powell's failure to respond to the efforts to undermine central bank independence.

Wow

Bloodbath at the CDC as its director is ousted after defending science and vaccines against the anti-vax nuts st Trump’s HHS. www.bloomberg.com/news/article...

Fed Chair Powell, who loses his chairmanship in May, should stay on as a Fed governor through 2028 to rescue central bank independence. —Claudia Sahm www.bloomberg.com/opinion/arti...

That Trump is trying and succeeding to seize power like an authoritarian dictator seems like it’s essential context for considering the Fed power play. It’s not like the effort to oust Cook is happening in a vacuum.

Credit where it’s due: this Times story is pretty blunt about what Trump’s doing and a lot better than a lot of its recent output www.nytimes.com/2025/08/26/u...

Trump is trying very hard to destroy central bank independence. I would guess the Fed will be successful in resisting this, but there’s no guarantee. Lisa Cook needs to fight the wrongful attempt to fire her.

This framing is wildly irresponsible—the world is left with only bad options because Trump has entered into an unconditional alliance with Putin that is not supported by the American people or even the Republican Party. Trump is choosing authoritarianism over rule of law and western alliances

Jim Bullard enters the Fed search list of candidates.

Market reaction to Bloomberg’s Waller report tells you a lot about the dynamics in play. The dollar climbed and 30-year yields tumbled, suggesting that investor worries about the Fed’s independence are real and significant:

J.P. Morgan's Michael Feroli on Trump BLS chief firing: "The risk of politicizing the data collection process should not be overlooked. ...Having a flawed instrument panel can be just as dangerous as having an obediently partisan pilot," adds private sources cannot bridge the gap.

“.. This is the kind of thing you would only expect to see in a banana republic,” Ms. Yellen said. @bencasselman.bsky.social www.nytimes.com/2025/08/03/b...

TD Securities warns on Trump BLS firing: “A politicisation of the role could cast doubts on the quality of both the inflation and labour market data at a critically-important part of the monetary policy cycle,” notes lack of comprehensive alternatives to government stats for the Fed.

Statement from the largest economics association about the BLS firing As context: AEA approximately never makes such public statements This is a big deal

If we are in or have a near-term recession, you can and should blame Stephen Miller’s mass deportation agenda.

One big reason payrolls have fallen close to zero monthly is because we have shut down immigration, skilled and unskilled, and immigration was a key engine to US growth. With foreign workers added at a pre-2025 rate, the latest jobs report would have looked not bad at all.

This is the second largest 2m revision on record. In general they get larger at cyclical turning points. We take more signal that we are at a cyclical turning point than that there is some data collection conspiracy

Next BLS release: “The Trump economy is strong, stronger than it’s ever been, because of the wise stewardship of our president which is creating prosperity and opportunity across the nation.”

With no guarantee Powell won’t stay on as a governor after losing his chairmanship in May, the Kugler position could be the only opportunity for Trump to appoint a governor in the next year. Ergo, any outsider Trump wanted as chair would need to take the Kugler position —it could be a shadow chair.

Most optimistic take is the Trump administration is so lacking in basic competence that any efforts to lie about the economic data or spin it are going to be pretty evident to most economists and Wall Street.

Whelp there it is: *TRUMP TO FIRE LABOR STATISTICS CHIEF AFTER WEAK JOBS DATA

This seems like a targeted attack on journalists.

Political takes on economic statistics are almost always bad, but political takes on GDP are the most insane.

Similar to last week.

Really interesting Paul Krugman column on why Atlanta's growth has slowed. In short, housing affordability and traffic. open.substack.com/pub/paulkrug...

Young people come to Atlanta because it’s cosmopolitan and diverse and has a dynamic economy and great culture and entertainment scene. It’s quite a bit different than other Southern metro areas.

Silver Bulletin on metro Atlanta:

Kudos to the Wall Street Journal for continuing to aggressively report on the Trump administration despite intimidation tactics, unlike CBS/Paramount and ABC/Disney which settled ludicrous lawsuits, a ton of universities and law firms.

Do Markets Value Fed Independence? An Event Study.

While the new Superman movie is very good, it could have been improved with more scenes of Clark Kent reporting for the Daily Planet and pursuing truth, justice and the American way.

ICE grabbed this U.S. citizen army veteran & held him for 3 days for no reason whatsoever other than he’s Latino. We must put an end to this racist police state. ICE OUT OF CALIFORNIA