Update 894 – Fed Cuts Rates 25 BPs; Only Dissent: Trump-Nominated Miran The Federal Reserve cut interest rates by 25 basis points, as expected, at the conclusion of its September FOMC meeting this afternoon. Fed Governor Stephen Miran, who has not resigned from his position at the White House, dissented, voting instead for a 50 basis …
Today, 20/20 Vision joined Americans for Tax Fairness and 99 other public service organizations in a letter announcing strong support for the Billionaires Income Tax Act. This legislation, introduced by Senator Ron Wyden (D-OR) and Representatives Donald Beyer (D-VA) and Steve Cohen (D-TN), would put an end to the “Buy, Borrow, Die” loophole and ensure …
Update 893 – Macro Muddle Faces Fed; Democrats’ Shutdown Strategy Emerges The nation’s macroeconomic picture got murkier this week, with CPI showing August prices rising by the most since January, even as jobless claims jumped by the most in four years this week and unemployment edged up last month — “a curious kind of balance,” …
20/20 Vision was proud to join with over 350 other organizations in a letter urging Congress to make enhanced premium tax credits permanent and repeal healthcare cuts included in the Republican reconciliation bill (OBBB).
Update 892 – SBC OK’s Miran for Fed;Court Allows Cook to Remain on Board President Trump’s effort to stack the board of the Federal Reserve with friendly voices advanced today as Stephen Miran, Chair of the White House Council of Economic Advisors, was confirmed by the Senate Banking Committee to a seat on the Federal …
Update 891 – Aug. Job Gains’ Slowdown;SBC Miran Fed Hearing Raises Concerns The August jobs report released this morning showed a much lower-than-expected 22,000 jobs added to the economy last month and a net 13,000 job loss in June, with Trump’s tariffs noticeably softening the labor market. The soft jobs data comes as the Trump …
Update 890 – Fed Independence Cooked?Landmark Suit vs. Trump Firing Launched President Trump attempted to fire Federal Reserve Governor Lisa Cook on Monday after his administration accused her of fraud – a crime she has not been charged with or convicted of. Cook has refused to step down and challenged her attempted “for cause” removal …
Update 889 – OBBB Policy and Politics:Bill’s Impact, Polling, Recess Messaging President Trump signed the One Big “Beautiful” Bill Act (OBBB) into law on July 4, solidifying much of his economic policy agenda for his second term. The massive package, which was passed through the partisan reconciliation process with no Democratic support, includes tax cuts …
Update 888 – Mid-Decade Redistricting:Fight Fire with Fire or Burn Down the House? The current U.S. House redistricting fight, sparked in Texas, seems to have pulled Democrats together nationally for the first time since the election. With AOC and Bernie Sanders offering one economic policy approach, Freshman Senator Elissa Slotkin presenting another, and with Democratic …
Update 887 – Data, Policy Independence:Implications of BLS Firing, Fed Nomination President Trump is set to shape two key economic institutions – the Bureau of Labor Statistics and the Federal Reserve – this week following his dangerous, unprecedented dismissal of Commissioner of Labor Statistics Erika McEntarfer and the unexpected resignation of Fed Governor Adriana Kugler …
Update 887: Implications of BLS Firing, Fed Resignation Read More »
