Never paying taxes again was a reward given to heroes who saved the world…. In Hollywood. youtu.be/oRTxx_LWUWs?...

NY Times on the audit immunity for Trump: The provision was the latest in a series of maneuvers this week that blurred the all-but-vanished boundary between official department business and the private interests of a president…

Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’ www.nytimes.com/2026/05/18/b...

In 2009, Obama urged the Chinese in China to respect human rights and promoted democracy. For Trump’s visit, those were part of the four red lines he was warned not to cross. And he didn’t. We used to sell democracy and planes Now we just try and sell planes.

For the G7 meeting of finance ministers and central bankers in Paris next week it won’t be Warsh or Powell. Fed Vice chair Jefferson will be going.

I get that the ex-post inflation numbers say Powell should have reversed course sooner… “after the pandemic.” But many forget when the pandemic ended. There were a frightening number of covid deaths, almost rivaling the initial peak, from Oct to mar 22, exactly when Powell was supposed to tighten

Stephen Miran exits the Fed. How he set the stage for Kevin Warsh. www.cnbc.com/2026/05/15/s...

President Trump’s calling the reporting by the NY Times’ David Sanger “treasonous” is an unconscionable outrage. Sanger’s objective reporting and analysis and his years of experience make him a national treasure. The truth should always be seen as patriotic.

Someone lies about voter fraud, undermining the foundation of our democracy, and the president amplifies that lie. Nothing counters it. Just lies in the ether. And they’re all ok with that. I am not. Once again: there is no “other side” to the voter fraud story in 2020. It didn’t happen.

High-income workers outpace lower earners in wage growth www.cnbc.com/video/2026/0...

Legendary investor Paul Tudor Jones tells @cnbc.com that there's no way Kevin Warsh can cut rates and thinks Warsh should be thinking about raising rates. www.cnbc.com/2026/05/07/t...

At $1.4b, (assuming $400m from private donations and $1b from Congress) the cost overrun of the ballroom now exceeds $1b. Thats more than overrun on the fed renovation by about $250m, which is two buildings. Should Pirro investigate?

Tariff collections increased March 2026 12-month core PCE inflation by about 80 basis points, and core inflation absent of tariff effects on relative prices would be 2.3 percent, according to new research from the Federal Reserve Bank of Dallas. Attn. Fed Gov Stephen Miran

One idea raised in this article is whether the Fed following the Biden administration’s lead on evaluating banks for financial climate change risk, which Warsh called political, is equivalent to the Fed following the Trump administration’s lead of lowering the regulatory burden on banks. Same thing?

Warsh's take on Fed independence is met with confusion and some concern www.cnbc.com/2026/05/04/f...

Powell by staying on as a governor could strike another blow for fed independence. Imagine Trump sues to get him Off the board. That could result in another win limiting the president’s ability to fire board members. I’m thinking Powell is thinking: bring it on.

Multiple examples of dissents over future guidance in the statement rather than rates. Fisher/kocherlakota/plosser in Aug 2011 over date based guidance. Plosser in 2014 over "considerable time". Lacker in 2012 over time period guidance. To name a few. It’s more a wonder it hasn’t happened sooner

Absent a sharp deterioration in the job market or decline in inflation, the fed will not be cutting in June. Moreso, if the easing bias is not removed, and the Fed doesn’t cut, Warsh could have four dissents at his first meeting or more. Peg the presidents first critical tweet of Warsh for June 17?

“Anyway, thank you very much everyone. I won't see you next time,”were Powell’s last words as chair in the press conference as he exited.

Dems and Reps used to debate the impact of tax cuts and hikes. In the Trump era, many Republicans have refused to even acknowledge that a tariff is a tax. So thanks to Phil Gramm for acknowledging that reality and pointing out that tariff effects overwhelm tax cuts www.wsj.com/opinion/the-...

They’re going to arrest the former director of the FBI for tweeting a seashell picture. The similarities just keep growing with king Joffrey

So if you’re Jay Powell and you see the Comey indictment, do you believe any case where Pres Trump seeks vengeance is ever really “dropped?”

Inflation could get in the way of Warsh's desire to cut rates, CNBC survey finds www.cnbc.com/2026/04/28/i...

Views of Warsh’s independence from the Trump administration improved in the latest CNBC Fed Survey, but doubts remain www.cnbc.com/2026/04/27/d...

The fullest accounting of the economic cost of war includes not just today’s dollars, but tomorrow’s lost opportunities. A dollar spent on war today is a dollar not spent on health care or education or infrastructure. Or it’s a dollar not available to the private sector for capital spending.

An honor to interview the great Joe Girardi today on @cnbc.com power lunch. Watch to the end where the normal mild-mannered Joe talks about his angriest moment as a manager. www.cnbc.com/video/2026/0...

A smart engineer once said to me when it comes to ev’s, imagine the opposite: that we all had ev’s and someone came along and invented the combustion engine, with thousands of moving, breakable parts the exploded a flammable gas in cylinders. It would be laughed at.

So we learned today that Pres Trump’s desire to have his own fed chair is greater than his immediate desire for revenge against the current fed chair.

Trump's net approval rating on economy and overall falls to lowest of his two terms www.cnbc.com/2026/04/23/t...

The DOJ not only indicted the group @splcenter.org that infiltrated the KKK, they indicted them because they infiltrated the KKK. I’m donating today to the Southern Poverty Law Center, of which I want half to go to help fighting racists and half to fight the KKK’s legal dept, aka the DOJ and FBI.

I’m joining my colleagues at @cnbc.com in live blogging the Warsh hearing. Here: Live: Warren blasts Fed chair pick Kevin Warsh as confirmation hearing kicks off: Live updates www.cnbc.com/2026/04/21/k...

How Silicon Valley shaped Fed nominee Kevin Warsh www.cnbc.com/2026/04/20/f...

Fed Gov. Waller was prescient Friday when he said (after the President said the Strait is open) that oil and securities market appeared to be "undervaluing the risk that the conflict continues, the Strait remains closed, and disruptions to production and shipping keep energy prices high."

First question to the president at the news conference needs to be: Mr President, why the fuck would you fuckin bomb the fucking power plants in Iran? Doesn’t that make you bastard ?

The claim by the president that the ballroom is being built “at no cost to the taxpayer” is debatable. We only have a partial list of the donors and many of those we know have government contracts, benefited from favorable admin decisions and/or have or will have business before the govt.1/2

Listened to the 4-430 pm Fox News report on Saturday w/ interest in how they covered No Kings. After 6 or 8 mins on Tiger Woods, around 20 mins in there was a 1-2 min report citing a Fox News “investigation” on line about how the whole thing was funded by a Chinese communist and other shady groups.

Warsh’s ambitious plans for reforming the Fed faces challenges from markets and his colleagues. www.cnbc.com/2026/03/27/a...

CNBC Fed Survey: Oil price surge leads to forecasts for higher inflation and lower growth, boosting recession probabilities. But most still see the Fed cutting in response to economic weakness, not inflation. www.cnbc.com/2026/03/18/c...

This piece in Al-jazeera is probably the best that can be done to justify or rationalize the war and worth a read. But it still boils down to saying it was ok to bomb, decapitate the leadership and figure out later a political framework and a strategy to keep the Strait open. aje.news/gpapa8

The court record shows that Judge Boasberg bent over backwards to allow Pirro and the DOJ to issue the subpoena to the fed. He asked multiple times for any evidence of wrongdoing by Powell, he Eeven offered to hold an in camera hearing to privately review the government’s evidence. 1/2

Wasn’t the bargain that we’d give up our freedom and democracy in return for all getting rich ? Guess we got the short end of that stick. Live: Dow futures tumble 800 points as U.S. oil tops $100 a barrel to begin the week's trading www.cnbc.com/2026/03/08/s...

Triple digits now Oil prices hit $100 per barrel as big Middle East producers cut output amid Iran war www.cnbc.com/2026/03/08/c...

It seems like the debate over the new Sect. 122 tariffs have left common sense behind. Yes, it may withstand a legal challenge. But ask this question: has there been some extraordinary development that warrants the president using extraordinary powers of taxation delegated by Congress?

The legal challenge to tariffs in IEEEPA vs Section 122 will differ on problem vs remedy. In IEEPA, the challenge wasn’t so much whether the president had the right to declare an emergency. It was his ability to use tariffs as a remedy. 1/

@steveliesman.bsky.social has to answer Joe's question daily? You need a raise man~~

It’s likely that consumers will have no legal claim on a tariff refund. They may have paid the tariffs thru higher prices (footing an estimated 60%-70% of the bill) but only the companies that actually paid the tariffs (ie, have receipts) will qualify for a refund.

I'd like to submit that declaring a balance of payments crisis to enact tariffs under Sect. 122 is not the best look for the US. We need to attract billions in capital daily. In a payments crisis, foreigners pull their money out, interest rates soar & currencies collapse. None of which is happening

@steveliesman.bsky.social knocks Trump's handling of tariffs. "This tariff process... [is] essentially if a bureaucrat were writing laws and he was drunk and on some form of amphetamine at the same time."