Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.
Former New York Fed President Bill Dudley not holding back in this breaking @opinion.bloomberg.com column on Kevin Warsh's budding disaster www.bloomberg.com/opinion/arti...
Kevin Warsh’s Approach to Fed Policy Is Deeply FlawedFederal Reserve Chair Kevin Warsh seemingly wants to outsource monetary policy to financial markets. In his telling, the central bank’s job is to be the referee, not the one influencing market expecta...www.bloomberg.com$100 billion. That's a rough estimate of how much the Trump administration's chaos has cost the US economy since January 2025. www.bloomberg.com/opinion/arti...
The Economic Cost of Chaos Is Real and RisingEven by the standards of this White House, last week was a lot. On Monday, President Donald Trump announced 50% tariffs on Canadian goods via a Depression-era statute that has never been used (and mig...www.bloomberg.com"Golden Age" "More people who lost coverage after congressional Republicans ended enhanced federal subsidies are now seeking care in emergency rooms and unable to pay bills." www.nytimes.com/2026/07/30/b...
After Obamacare Cuts, Hospitals Are Treating More Uninsured PatientsMore people who lost coverage after congressional Republicans ended enhanced federal subsidies are now seeking care in emergency rooms and unable to pay bills.www.nytimes.com"The ALT5 deal brought more than half a billion dollars to members of the Trump family — one of the single biggest inflows of crypto income to the family documented yet. Investors who bought ALT5 shares last August, meanwhile, have lost more than 90%." www.bloomberg.com/news/article...
Trump Crypto Tie-Up Fueled Family Windfall, Investor LossesLast summer, a money-losing digital-payments firm with a history of legal troubles seized what its leaders thought was a big opportunity: a deal with the Trump family’s crypto platform.www.bloomberg.com"In his latest appeal, Trump contends he is protected by presidential immunity because his allegedly defamatory statements about Carroll were made while he was in office." www.bloomberg.com/news/article...
Trump Asks Supreme Court to Scrap $83.3 Million Carroll VerdictPresident Donald Trump asked the US Supreme Court to consider overturning an $83.3 million jury verdict against him in a defamation suit by the writer E. Jean Carroll, according to a copy of the petit...www.bloomberg.com"Among children alone, roughly 1.5 million have been dropped from the Supplemental Nutrition Assistance Program (or SNAP), based on the think tank’s analysis of publicly available data from 19 states."
Bob Burgess"...the nonpartisan Center on Budget and Policy Priorities reported that...more than 4.5 million low-income Americans lost access to government food assistance between July 2025 and April 2026." www.bloomberg.com/opinion/arti...
"...the nonpartisan Center on Budget and Policy Priorities reported that...more than 4.5 million low-income Americans lost access to government food assistance between July 2025 and April 2026." www.bloomberg.com/opinion/arti...
SNAP Cuts Could Cost Republicans in NovemberA year ago this month, an exuberant President Donald Trump signed the One Big Beautiful Bill Act into law, praising Republicans for having the supposed political foresight to vote for it and mocking D...www.bloomberg.com🚨🚨🚨 "There’s a thesis that everything President Donald Trump touches eventually goes bad. The USFL. Knicks-Spurs Game 3. The Lincoln Memorial Reflecting Pool. ...Larry Ellison and his son are testing this thesis and doing little to disprove it." www.bloomberg.com/opinion/arti...
The Ellisons Discover the Hard Way That Trump Is the Anti-MidasThere’s a thesis that everything President Donald Trump touches eventually goes bad. The USFL. Knicks-Spurs Game 3. The Lincoln Memorial Reflecting Pool. Oracle Corp. co-founder and Chairman Larry Ell...www.bloomberg.comRemember Greenspan's conundrum? Well, current Fed Chair Kevin Warsh could use a conundrum of his own. My latest for @opinion.bloomberg.com on why raising the federal funds rate may actually lower borrowing costs www.bloomberg.com/opinion/arti...
Warsh’s Twist Could Be Higher Fed Rates and Lower Mortgage RatesLet’s get this out of the way right away: It’s highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the latest data showed inflation has slowed. Plus, t...www.bloomberg.com"...the decline highlights the narrowing and fragility of a tax that used to be a significant pillar of US government finances and now really isn’t." www.bloomberg.com/opinion/arti...
How to Make Corporate Income Taxes Work for America AgainSince the 2025 budget law, aka the One Big Beautiful Bill Act, was enacted, US corporate income tax revenue has fallen 28%. This was an expected consequence of the law’s provisions that allow business...www.bloomberg.com"The president says Operation Southern Spear has virtually ended drug trafficking by sea. Pentagon and DEA analysts have concluded otherwise." www.washingtonpost.com/world/2026/0...
67 boat strikes. 221 dead. The cocaine hasn’t slowed, officials report.The president says Operation Southern Spear has virtually ended drug trafficking by sea. Pentagon and DEA analysts have concluded otherwise.www.washingtonpost.com