Warsh isn't the first Fed chair to learn the hard way how closely markets parse his words. The question now is how he responds. Smart piece from @colbylsmith.bsky.social: www.nytimes.com/2026/08/04/b...

Warsh Wanted ‘Regime Change.’ Markets Are Demanding a Reset.

After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation dow...

nytimes.com

Just saying, the red herring in today’s Connections seems very targeted at us Xennials.

Job openings ticked down in June after jumping in May. But the bigger picture is that openings have stabilized and may even have begun to pick back up. #NumbersDay

Ben Casselman@bencasselman.bsky.social · yesterday

June JOLTS: Openings down slightly, hires up slightly, layoffs functionally unchanged. Lots more movement beneath the surface, but at the aggregate level, "low-hire, low-fire" remains solidly in place. www.bls.gov/news.release... #NumbersDay

June JOLTS: Openings down slightly, hires up slightly, layoffs functionally unchanged. Lots more movement beneath the surface, but at the aggregate level, "low-hire, low-fire" remains solidly in place. www.bls.gov/news.release... #NumbersDay

Job Openings and Labor Turnover Summary - 2026 M06 Results

bls.gov

NYT: 🚨 “.. a potentially seismic move that would mark the most significant change in how the central bank operates in years.” @colbylsmith.bsky.social @bencasselman.bsky.social www.nytimes.com/2026/07/31/b...

SCOOP: Kevin Warsh is considering reducing the number of Federal Reserve policy meetings. The Federal Open Market Committee has met eight times a year for decades. With @colbylsmith.bsky.social. www.nytimes.com/2026/07/31/b... #EconSky

Warsh Considers Reducing Frequency of Fed Policy Meetings

The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.

nytimes.com

The A.I. boom shows up clearly in the data. Investment in data centers and information processing equipment are soaring. But the impact on GDP is limited because so much of that equipment is being imported.

Economic growth slowed unexpectedly in the first quarter. But the numbers look stronger under the hood -- spending and investment were strong, offset by weakness in volatile inventory and trade components. #NumbersDay

Ben Casselman@bencasselman.bsky.social · 6d ago

Thursday a.m. data: - GDP grew at a 1.5% annual rate in Q2 - Real consumer spending rose 3.2% in Q2 (annualized), 0.4% in June (not annualized) - Consumer prices fell 0.1% in June (m/m) - Core prices rose 0.3% m/m #NumbersDay

Thursday a.m. data: - GDP grew at a 1.5% annual rate in Q2 - Real consumer spending rose 3.2% in Q2 (annualized), 0.4% in June (not annualized) - Consumer prices fell 0.1% in June (m/m) - Core prices rose 0.3% m/m #NumbersDay

Long-term yields spiking post-Fed meeting. 30-year at highest level since 2007. 10-year not nearly as dramatic, but nearing its high from last week. #EconSky

The Federal Reserve left interest rates unchanged on Wednesday in Warsh’s second meeting as chairman. Three officials dissented, calling for a hike. Statement: www.federalreserve.gov/newsevents/p... Live coverage: www.nytimes.com/live/2026/07... #EconSky

Federal Reserve issues FOMC statement

The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Committee decided to maintain the target range for t

federalreserve.gov

Lots of talk about the potential for a "hawkish hold" today. The question is what that looks like in a world where the Fed is opposed to anything that even hints at forward guidance. #EconSky

What will A.I. mean for your job? It's complicated and uncertain. But a look back at the '90s can help make sense of the possibilities. Fun unpacking all of this with Zolan Kanno-Youngs on today's Daily. Give a listen! www.nytimes.com/2026/07/27/p... #EconSky

What A.I. Is Actually Doing to the Economy (Gift Article)

Some data suggest that artificial intelligence is causing job losses. Other sources show the opposite. Why is it so hard to figure out what’s going on?

nytimes.com

If I’ve said it once, I’ve said it a thousand times: The stock market is not the economy. Except, right now, maybe it is? A.I. is driving the market. The market is driving spending and investment (much of it on A.I.). But what happens if it all comes crashing down? www.nytimes.com/2026/07/22/b...

A.I. Is Lifting Markets and the Economy and Raising Risks for Both (Gift Article)

Investment in artificial intelligence and related companies is lifting the stock market and spending across the economy.

nytimes.com

U.S. consumer prices fell 0.4 percent in June and were up 3.5 percent from a year earlier. Core prices, excluding volatile food and fuel, were flat month-over-month and up 2.6 percent from last June. Data: www.bls.gov/news.release... Full coverage: www.nytimes.com/live/2026/07... #NumbersDay

Consumer Price Index Summary - 2026 M06 Results

bls.gov

A group of economists and tech leaders (including 15 Nobel laureates, and the chief economists at Open AI and Anthropic) are warning about the disruptions A.I. could cause, and calling on policymakers to prepare. www.nytimes.com/2026/07/13/b... #EconSky

Nearly 200 Economists and Tech Leaders Warn of A.I. Threats

Letter calls for policymakers to do more to understand and respond to potential disruptions from artificial intelligence.

nytimes.com

Fed just announced the names of the people who will lead Warsh's five task forces. Full list: www.federalreserve.gov/newsevents/p... #EconSky

Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy

The Federal Reserve on Thursday announced the leadership and objectives of its task forces to advance the conduct of monetary policy. "The Federal Reserve's c

federalreserve.gov

New York City 2026: soccer in the shadow of a tall ship. Really love this city.

Brooklyn weather does not approve of Argentina winning.

The data paints a mixed picture because it’s still early days for the technology. There’s actually a fair bit of public data and researcher surveys but there could be more. Well worth a read -

Ben Casselman@bencasselman.bsky.social · last mo.

Is A.I. creating jobs or killing them? Adding to inflation or fixing it? Boosting productivity or doing little? Nobody knows. And our data (public & private) isn't providing clear answers. My latest on the A.I. data gap and the challenge it poses for policymakers: www.nytimes.com/2026/07/02/b...

Charts! Starting with the big picture: Job growth slowed in June (and April/May were revised down), but the pickup in hiring this year remains intact. #NumbersDay

Ben Casselman@bencasselman.bsky.social · last mo.

U.S. employers added 57,000 jobs in June and the unemployment rate dipped to 4.2 percent. Data: www.bls.gov/news.release... Full coverage: www.nytimes.com/live/2026/07... #NumbersDay

U.S. employers added 57,000 jobs in June and the unemployment rate dipped to 4.2 percent. Data: www.bls.gov/news.release... Full coverage: www.nytimes.com/live/2026/07... #NumbersDay

Employment Situation Summary - 2026 M05 Results

bls.gov

Is A.I. creating jobs or killing them? Adding to inflation or fixing it? Boosting productivity or doing little? Nobody knows. And our data (public & private) isn't providing clear answers. My latest on the A.I. data gap and the challenge it poses for policymakers: www.nytimes.com/2026/07/02/b...

A.I. Is Reshaping the Economy. Good Luck Measuring How.

nytimes.com

"Held: Children born in the United States to parents unlawfully or temporarily present are “subject to the jurisdiction” of the United States and are citizens at birth under the Fourteenth Amendment’s Citizenship Clause." www.supremecourt.gov/opinions/25p...

1. The jump in job openings in April looked like it could be a fluke. Still could be! But it held up in May, and is consistent with other evidence that the job market has firmed up this year.

Job openings, hires, quits and layoffs were all basically flat in May. Labor market remains remarkably solid despite all the risks and headwinds. #NumbersDay Data: www.bls.gov/news.release...

Job Openings and Labor Turnover Summary - 2026 M05 Results

bls.gov

The Supreme Court's decision to let Cook stay on as a Fed governor is no doubt a victory for the central bank's independence. But the narrow ruling did not foreclose the president’s ability to try to dismiss officials in the future www.nytimes.com/2026/06/29/u... @nytimes.com @tonyromm.bsky.social

Honestly feels like justice after the way the Dutch played extra time.

"Acceptance of the Government’s position would in effect transform the Federal Reserve’s for-cause protection into at-will employment—an interpretive leap out of step with the statute Congress enacted and our Nation’s tradition of central banking protected from political interference."

Kevin Warsh has promised "regime change" at the Federal Reserve. His early weeks on the job have given some hints of what that could look like -- but with many questions still unanswered. From the deeply sourced @colbylsmith.bsky.social: www.nytimes.com/2026/06/29/b... #EconSky

How Warsh Has Begun to Change the Fed

nytimes.com