Cleveland Fed President Beth Hammack, one of the more hawkish members of the FOMC, tells the Economic Club of New York, that she doesn’t think elevated inflation is purely transitory, signaling deep skepticism about additional rate cuts. Describing monetary policy as a high wire

“The first speaker to serve multiple terms since the 1950s, Pelosi was known for bending the chamber to her will through brute strength and keeping her often narrow majority in line through a combination of persuasion and fear of punishment.”

Wild the president is repeating this data point, which is false and a(n intentional?) misreading of data. “Almost 2 million American-born workers are employed today more than when I took office,” Trump said in his economy speech this afternoon. Some detail on why this is off

“Sauer’s comments were striking because for months the president has repeatedly celebrated the revenue gained from the 10 percent universal tariff he has imposed on all foreign goods and the higher levies he has applied to products from specific nations.”

This idea senators will reach a deal on opening government & then take 4-5-6 days to process it & open up is beyond insane. There’s a bill right there in Senate to open up Nov 21. Already passed House. Just approve that, drive to WH, sign it. Open up. Worry about rest later.

Apple $AAPL just set itself up for the ultimate "prove it" moment. iPhone 17 demand? They say it's incredible. Next quarter's forecast? Boldest in years. The pressure? Immense. January earnings either validate everything or becomes very awkward...

The epic political backlash coming on the other side of this cycle is so obvious for anyone over the age of 40.

We’ve tested all three arrangements in my household over the past five or six weeks — paid to work, unpaid and not working, and working but unpaid. Strongly prefer the first.

I remember when Chase misstated my interest, er, rewards rate. Wait, no I don’t, because they have actual processes and controls, even for marketing emails.

Great news, everybody! The "Donorcracy" book is in its final stages of development and will soon be produced. Share this post if you're interested in getting the earliest copy. We'll contact you once it's ready.

Today I am remembering my friend Yitzhak Rabin, and hoping that we can transform this fragile moment into a lasting peace—the cause for which he lived and died—that protects the dignity and security of Israelis and Palestinians alike. May his memory continue to be a blessing that

Careful out there

This @bethreinhard masterpiece should not get lost amid today's big news events: The NRA is dead as we've known it. "Reformers are in charge ... people who are looking to move beyond Wayne LaPierre." A stunning, stunning turn of events. 1/2 ... https://t.co/irDpfc3Pft

Here’s your second front: As bank lobbyists push hard for market structure legislation to include a broader prohibition on stablecoin yields (1), the trade groups are asking Treasury prohibit stablecoin yields / rewards anyways as regulators move to implement GENIUS (2)

My favorite part of the World Series was seeing Max pitching well.

Both Cook and Mary Daly, who spoke separately Monday at an event in south Florida, didn't really signaled a December cut was certain. Cook reiterated Powell's language about policy not being pre-determined and Daly said she was "open minded."

What do people really think of recycled rubber and artificial turf? According to BPI’s recent survey, a strong majority of Americans see these surfaces as safe. In fact, when given a choice, 72% would choose artificial turf over grass when upgrading local fields. Confidence

Asked how she keeps tabs on the economy, Lisa Cook says the prior to recent events -- presumably Trump's attempt to fire her -- she would get lost in Virginia and walk into a diner and listen to people talk about how they were experiencing inflation. "I can't do that anymore."

Fed governor Lisa Cook, in her first speech since Trump sought to fire her this summer, thanks people in the audience at Brookings for support but says she won’t have much to say about the legal fight. Because the case is ongoing, “it would be inappropriate to comment further

This is 50%+ more than NBA Finals Game 7 did.

Not much stress in the San Francisco Fed's labor market stress indicator: https://t.co/KXSrRBKYkT

Democrats turn to Obama to help deliver their closing pitches, while Republicans appeal to voters without Trump by their side, via @maeganvaz https://t.co/0XDaViPL8f