The news that US federal prosecutors have opened an inquiry into US Fed Chair Jerome Powell, as reported by the New York Times, is frankly alarming. It’s the kind of development that makes you question the very foundations of economic governance, especially given the current political climate. The focus seems to be on Powell’s testimony before the Senate Banking Committee regarding the renovation of Federal Reserve buildings. But, as Powell himself has pointed out in his video response, available online, this might be a pretext for something much deeper.
This situation feels like a deliberate attempt to undermine the Federal Reserve’s independence.… Continue reading
Bank of America CEO Brian Moynihan emphasized the importance of maintaining the Federal Reserve’s independence amidst President Trump’s search for a new chair. He stated that the market would negatively react if the Fed’s independence was compromised. The current chairman’s term expires in May 2026, and although Mr. Trump has the power to nominate the new chair, Moynihan believes there is currently “too much fascination with the Fed.” Moynihan suggests the focus should remain on the private sector and the individuals that drive the economy.
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Former President Donald Trump sought to remove Federal Reserve Governor Lisa Cook, a move that raised investor concerns. Trump cited allegations of falsified mortgage documents as the basis for her dismissal, escalating his efforts to exert greater influence over the US central bank. This action follows accusations from a White House ally regarding Cook’s mortgage loan documentation. The letter was published on Truth Social, outlining Trump’s justification for firing Cook.
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China’s direct appeal to Trump to cease his threatening and blackmailing tactics highlights a significant shift in international relations. The bluntness of the message underscores the escalating tension between the two global superpowers, a tension fueled by Trump’s unpredictable and often aggressive trade policies. This isn’t a mere diplomatic disagreement; it’s a stark condemnation of behavior perceived as abusive and economically destabilizing.
The comparison to a burglar repeatedly violating homes aptly captures the essence of the situation. Trump’s actions aren’t isolated incidents; they represent a pattern of behavior that many perceive as deliberate attempts to leverage economic pressure for political gain.… Continue reading
In a recent address, Prime Minister Mark Carney highlighted Canada’s proactive approach to bolstering trade ties. The focus is on solidifying relationships with dependable international partners. This strategy aims to ensure economic stability and growth for Canada. Strengthening these key partnerships is viewed as crucial for the nation’s future prosperity.
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In a significant move, the US has provided $20 billion in economic aid to Ukraine, financed by seized Russian assets. This substantial contribution, part of a larger G7 commitment, ensures that Russia bears the financial burden of its war. The funds, channeled through the World Bank, are restricted to non-military uses due to congressional limitations. This aid’s continuation remains uncertain given the incoming administration’s expressed skepticism towards continued financial support for Kyiv.
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Matt Underwood 
John Q. Hosedrinker