Clearly, Biden erred with his renomination of Powell.

If Biden gets another chance, he must nominate a central bank leader dedicated to pursuing whole-of-government responses to inequality, greenhouse gas pollution, and other pressing challenges.

therevolvingdoorproject.org/will-jay-powel…

Powell is overseeing the most intense and sustained interest hike campaign since the Volcker shock despite evidence showing that he is hampering the green transition, worsening the housing affordability crisis, and exacerbating current and future cost-of-living struggles.

Prominent Powell backers also insisted that his apparent commitment to dovish monetary policy set him aside as the only Fed chair who could pursue full employment without upsetting right-wing forces. Another wrong prediction!

Powell’s supporters countered that the private equity veteran would defer to the Fed’s vice chair for supervision on regulatory issues. RDP never accepted this argument, and Powell’s efforts to undermine regulatory initiatives led by VCS Michael Barr offer us sad vindication.

Throughout 2021, RDP urged Biden not to reappoint Trump’s Fed chair. We argued that Powell, a Republican well-versed in Wall Street predation, was ethically unfit and far too weak on financial regulation.

As David Sirota noted last month: 'The Fed's interest rate hikes are not fighting inflation. They are CAUSING inflation.' levernews.com/sirotas-signal…

Read us, as Ronald Brownstein does! revolvingdoorproject.substack.com/p/merrick-garl…

Ronald Brownstein Thank you for sharing our analysis Ronald Brownstein! The full newsletter for those interested: revolvingdoorproject.substack.com/p/merrick-garl…

In our newsletter, we look back at our 3+ years of concern with Merrick Garland's hesitance to make powerful enemies, and how his approach to the Jan 6 investigations (bottom-up, delayed appt of Smith) helped get us here...the clock close to running out.

therevolvingdoorproject.org/merrick-garlan…

Our friends Center for Biological Diversity explain how TVA's executive compensation plan keeps the utility stuck on fossil fuels. bit.ly/perversepay

The board must fix this broken incentive structure & greater congressional oversight is needed to ensure TVA works in the public interest.

Complicated pricing models that obscure the true cost of a product with junk fees add up for consumers. The consumerfinance.gov will continue to take action to protect the creep of junk fees into the market and consumers’ wallets.

The judiciary has forfeited any presumption that it is owed the benefit of the doubt.
npr.org/2024/04/30/124…

this isn't Trump 'doesn't rule out political violence,' this is Trump *threatening* political violence.

JUDGES: Start following the law and obvious ethical norms. npr.org/2024/05/01/124…

Judge Merchan is facing a massive test, as we all know that Trump will continue to spit in the face of the judicial system.

NOTE: If Embiid had received the Flagrant 2 he deserved in Game 3... his Game 5 flagrant would mean he would be suspended for Game 6.

As it is, another flagrant for Embiid means an automatic suspension; currently he is being called for roughly 50% of the flagrants he commits.

Wow! 50 to go! Do you think we can get 50 new paid subscribers to Law Dork tonight? Let’s try!

If you rely on Law Dork and my independent legal journalism, but haven’t gotten a paid subscription, tonight’s the night. If you have one, tell your friends! lawdork.com

Some personal news. I'm thrilled to join American Economic Liberties Project and get the opportunity to contribute to their very important work. Bonus: I got a mention in POLITICO Playbook for something other than my birthday.