Adam Posen, President of the Peterson Institute, warns that political interference and personal attacks on Fed governors threaten the central bank's independence, which is critical for managing U.S. debt and maintaining credibility.
The tape Odd Lots · Sep 1
“So a certain amount of, not like President Trump tweeting the Fed chair is an enemy of the state, not using lawfare to go after Lisa, Governor Cook, or now Governor Powell. I mean, that's outrageous and arguably criminal.”
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The Indicator from Planet Money · A Treasury showdown with the bond marketSep 1
The Treasury is doubling its buyback of long-dated bonds, officially to improve liquidity. But investors are skeptical, with some calling it 'financial repression' and believing it's a political move to lower interest rates at the President's behest, putting it at odds with the Fed.
Bankless · "We Want to Be Bigger Than the CME" | Kalshi's John WangSep 1
Kalshi has launched the first regulated perpetual futures exchange in the U.S., making perps accessible to mainstream American users without a VPN. The offering starts with crypto and will soon expand to gold and silver.