178. Emergency Episode: Is This The End of th...

Everyone in the financial media is telling you the same story: Scott Bessent's surprise Treasury buyback announcement is a thumb on the scale of the bond market, and it's making Kevin Warsh's job at the Fed harder. But what if the headlines have it exactly backwards? What if the ...  Show more

The LA Lakers --- a prestigious basketball franchise that didn't change hands for 46 years --- just sold twice in ten months, the second time for $2.5 billion more than the first. The seller is Mark Walter, CEO of Guggenheim, owner of the Dodgers and part of Chelsea FC, and the m ...  Show more

Last night, President Donald Trump posted a letter firing Federal Reserve Board Governor Lisa Cook. The reason? She was accused of listing two properties as her primary residences, which potentially gave her more favorable lending terms. This marks another escalation in the presi ...  Show more

President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high. Trump has also threatened to oust Powell — which would mark an extraordinary shif ...  Show more

The Federal Reserve has been under intense pressure from President Donald Trump as he pushes for more control over the historically independent agency. The Fed is tasked with keeping inflation and unemployment under control, and it’s supposed to be insulated from politics so it c ...  Show more

President Trump’s decision to try to fire a member of the Federal Reserve’s governing board is his most audacious attack yet on the independence of the central bank.

Ben Casselman, chief economics correspondent for The New York Times, discusses why Mr. Trump’s route to c ...