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Kevin Warsh’s policy trap

President Trump’s pick for Fed chair is facing a multi-trillion-dollar high-wire act. The Iran war is ratcheting up inflationary pressures as the jobs market weakens. Raising or cutting interest rates right now could be problematic. But doing nothing is also risky with President ...  Show more

The economics of $60-plus cigarettes

Australia's sky‑high cigarette taxes have slashed smoking rates - but they have also helped fuel a booming black market for illicit tobacco. Host Carmel Crimmins speaks with Assistant Customs Minister Julian Hill and economist Lachlan Vass on whether Australia’s tobacco excise ha ...  Show more

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President Trump's tariffs pile more stress onto a struggling world economy. Elon Musk's high-profile involvement in the Wisconsin Supreme Court race raises questions over whether he has become a political liability. And Myanmar’s deadly earthquake may bring a diplomatic payoff fo ...  Show more

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Donald Trump's sweeping tariffs kick in, including a 104% duty on Chinese goods. It deepens a global trade war, triggering carnage on global markets and sending U.S. bonds plunging. Consumers are waiting for the impact. Plus, President Volodymyr Zelenskiy says two Chinese men fig ...  Show more

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