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Trump's Good Cop / Bad Cop Routine on China open.substack.com/pub/macrolens/…

The recission package is only $9bn, but will provide an important signal for the bond market...

I have not really followed this story, but, beehives or no, if the Fed really spent $2.5 billion renovating their headquarters, Powell should be fired, full stop.

OK, let’s say $600-700m of the $2.5bn was cost overruns related to the inflation that the Fed created. A $1.8bn renovation is politically tone deaf, and frankly, disgusting. wsj.com/economy/centra…