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In the complex universe of economic policy, few institutions navigate the murky waters with as much scrutiny and pressure as the Federal Reserve. Recent minutes from the Federal Open Market Committee (FOMC) meeting reveal a tension that is palpable: concerns over inflation driven by trade tariffs overshadow the generally positive economic figures of solid growth
House Speaker Mike Johnson’s recent triumphalism following the passage of what he dubbed the “big, beautiful bill” is not just a rhetorical flourish but a stark indication of the growing chasm between political ambition and fiscal reality. By proclaiming it the “largest cut in spending in at least 30 years,” Johnson presents a façade of
The complexities of international trade can leave even the most seasoned economic analysts scratching their heads, especially when the stakes involve aggressive tariff strategies like those championed by former President Donald Trump. As Chicago Federal Reserve President Austan Goolsbee has indicated, Trump’s recent proposals to impose hefty tariffs threaten to upend the economic equilibrium, complicating
The U.S. penny, long a fixture in American culture and economy, is nearing its end, and frankly, it’s about time. With the cost of making each cent surpassing its actual value—now at an astonishing 3.69 cents per penny—continuing production becomes less a matter of tradition and more an exercise in fiscal irresponsibility. The decision announced
In a striking display of political theater, President Donald Trump’s recent attempt to sway House Republicans from blue states regarding a pivotal tax bill can only be described as a calamity of persuasion. On a fateful Tuesday, Trump engaged with the GOP House caucus on Capitol Hill, yet significant dissent persisted among the members, particularly
In the dazzling chaos of horse racing, few moments capture the soul of competition as profoundly as the resurgence of an underdog. At the recent Preakness Stakes, against all odds and expectations, Journalism carved a stunning narrative that will echo through the annals of the sport. After staggering into the spotlight as the favorite in