There’s our September rate cut. And our recession signal -- or is it?
Donald L. Luskin
On Miran's Senate Banking Hearing: Triumph of the Weasel
Thursday, September 4, 2025
Not a single question about the dangerous "Users Guide." Confirmation assured.
Tariffs: Supreme Court or Bust
Sunday, August 31, 2025
Trump isn't in it to delay. He's in it to win it. His order to his team: get me to SCOTUS ASAP.
Tariffs Lose On Appeal -- Sort Of
Saturday, August 30, 2025
Trump now controls the tempo of the game, while tariffs become a new normal.
On Powell at Jackson Hole
Friday, August 22, 2025
No promise for September, but no betrayal. And a strategy doc that abandons policies already abandoned.
The "Mar-a-Lago Accord" has Already Happened
Friday, August 15, 2025
Japan will "invest" half its US Treasuries in a US SWF. We get 90% of the profit. That's default.
Miran: We Warned You, and We're Warning You Again
Friday, August 8, 2025
The three sweetest words: “As we predicted.” We would rather have been wrong.
Jerome Powell’s Double Standard About Taxes and Inflation
Wednesday, August 6, 2025
The Fed chairman fixates on the possible effects of tariffs but has said nothing about other tax hikes.
On the July Jobs Report
Friday, August 1, 2025
Suddenly Powell is looking “too late,” and two rate cuts this year are very much back in play.
On the July FOMC
Wednesday, July 30, 2025
The committee was dovish. The chair was hawkish. The chair is just one guy.