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"In the four months of Trump II, Mr. Luskin calculates that the immigrant population has shrunk by 773,000, or 193,000 a month. Fewer immigrants mean fewer workers to fill job openings, so there will be a cost in future growth from the Trump Administration’s border closure and

Interesting Brookings conference on banking supervision happening right now. Have enjoyed listening to Peter Conti-Brown, Jeremy Kress, Meg Tayhar, et al as I procrastinate on a story. brookings.edu/events/the-his…

My kids will be so happy. washingtonpost.com/climate-enviro…

Why haven't tariffs rekindled inflation? *Many large companies built up inventories in advance, giving them a cushion against immediate tariff impacts. *Firms have switched to alternative suppliers to avoid costlier goods from tariff-hit countries. *Productivity improvements

"In hearings, she often sits quiet and alone, sometimes relying on staff aides to remind her where she is. (Ms. Norton’s office strongly disputed that aides had ever had to do that.) She rarely attends meetings of the Oversight Committee ahead of votes, as members are encouraged

Some new ACIP appointments have just been announced: statnews.com/2025/06/11/rfk…. The several I'm familiar with are TERRIBLE choices. They range from the unqualified to the unspeakable.

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Goldman lowers its recession probability to 30 percent, thanks to muted tariff-driven inflation.

Stephen Miran, chair of the White House Council of Economic Advisers, said in an interview that there is “no reason in the data to worry about inflation,” pointing out that the president began implementing new tariffs as soon as he took office. wapo.st/3SPU79x

oil prices are up 10 percent over the last month as mid-east tensions rise. The US is moving out non-essential staff in Bagdad. A Israel/Iraq war would be very unfortunate. Another reason besides tariffs that inflation could be higher in the 2nd half, keeping Fed on hold.

The least appreciated detail of Trump 1.0's attempt to release Fannie and Freddie from government control is that Treasury determined waiving the senior preferreds was illegal. Instead, they considered putting them at the same level as the juniors and convert it all to common

Banks fought for decades to keep Walmart out of banking. Can a stablecoin allow Walmart in?

Scoopy, fascinating read from Souad Mekhennet Greg Miller Gerry Shih washingtonpost.com/world/2025/06/…

For the first time in more than 50 years, U.S. immigration could go net negative in 2025—driven by sharp drops in legal inflows & increased deportations, say ⁦The Brookings Institution⁩ and ⁦American Enterprise Institute⁩ economists. w/⁦Lauren Kaori Gurley⁩ washingtonpost.com/business/2025/…

Great The Washington Post article by Lauren Kaori Gurley and Andrew Ackerman on what the Trump administration’s policies will mean for (net) migration this year and with that for families, businesses, and the economy generally. Gift link in the next tweet.

Iranian deterrence,via Lebanon’s Hezbollah,was decimated by Israel last year, then physically severed from Iran by the collapse of the Assad regime.Israeli bombing of Syrian air-defense created a superhighway that Israeli aircraft can use unimpeded… wsj.com/world/middle-e…

“Trump’s increasingly aggressive criticism of Fed Chair Powell has created harmful uncertainty about whether Powell’s eventual successor will operate with full independence”—a pillar of American exceptionalism that lowers our government’s borrowing costs. washingtonpost.com/opinions/2025/…