My Milken takeaway: Griffin's "crony capitalism" comments were unusually frank for a Milken headliner. But on the sidelines of the annual paean to globalism in Beverly Hills, industry leaders warned of how Trump's policies could kick off a recession. www.politico.com/news/2025/05...

‘Crony capitalism’: GOP megadonor Griffin slams Trump trade war

The Citadel founder’s frustration with the president’s policies reflects broader concerns among executives over how the trade war could derail the economy.

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Wall Street has been paralyzed by trade policy uncertainty. That’s only a prologue for what’s in store after President Donald Trump announces global tariffs at a Rose Garden ceremony Wednesday that he has dubbed "Liberation Day." www.politico.com/news/2025/04...

I spoke with @jc-econ.bsky.social for POLITICO Magazine. “Investors are tuning into the fact that — at a minimum — Trump 2.0 is going to be quite a bit different from Trump 1.0.,” Coronado told me. “He’s not as sensitive to the stock market as we thought.” www.politico.com/news/magazin...

‘They’re Laying the Groundwork for Things to Get Worse’: Why Trump’s Economic Messaging Isn’t Calming Wall Street

A conversation with market watcher Julia Coronado, who says investors are worried that Trump’s appetite for disruption is higher in his second term.

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Powell made clear that uncertainty - particularly with trade policy - has made it difficult to attach much conviction to the Fed's economic forecast. Here is why that matters --> www.politico.com/newsletters/...

www.politico.com/news/2025/03...

Morning Money: Most economists still expect the U.S. economy to expand over the next year, but there are growing signs that business leaders are tempering their plans for future investment as they digest the rapid-fire policy changes coming out of Washington. www.politico.com/newsletters/...

A subtle vibe shift on Trump 2.0

The dizzying speed of new executive actions — along with significant cuts to staffing and federal funds at critical agencies — could soon have a tangible impact on economic output.

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The arrival of Elon Musk’s allies at the Labor Department has sparked fears that the quality of the agency’s reports on everything from inflation to jobs could suffer at the hands of inexperienced outsiders — with global consequences By @samjsutton.bsky.social & me: www.politico.com/news/2025/02...

'Big threats’: Labor Department allies fret over Musk’s attention

The department’s statistical bureau is a key source of data that shapes how policymakers and Wall Street investors view the economy.

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The oracle of Biden’s inflation woes has a warning for Trump feat. interviews with @LHSummers and James Carville www.politico.com/news/2025/02...

The oracle of Biden’s inflation woes has a warning for Trump

Larry Summers says Trump’s policies could cause prices to soar. The political costs could be significant.

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Big banks might have to eat crypto whether they like it or not  www.politico.com/newsletters/...

Big banks might have to eat crypto whether they like it or not

Republicans were already getting serious about “debanking.” Now it’s an official priority of the Trump White House.

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Today’s MM: Jamie Dimon is ready to talk about debanking. www.politico.com/newsletters/...

Big Banks have entered the ‘debanking’ chat

Jamie Dimon is ready to talk about debanking.

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Lawful channels for migration are a much better response to black-market immigration than vast deportation camps. Without immigration our labor force would be shrinking. Now, today. I talked with @samjsutton.bsky.social of @politico.com —> www.politico.com/news/2025/01...

Trump won the election b/c voters were angry over immigration and inflation, former Trump adviser Stephen Moore told me. “There is no question that having 8 to 10 million people deported — many of whom are working — would put a strain on the economy." www.politico.com/news/2025/01...

Americans hate high prices. Mass deportations could spark new surges.

Trump has vowed that mass deportation will be a day-one priority, saying he has “no choice” but to deport anyone who is in the U.S. illegally.

politico.com

Donald Trump made a meal over surging egg prices throughout the 2024 presidential campaign. Now, he’s going to have to eat it. www.politico.com/newsletters/...

The incredible, edible political headache

Donald Trump made a meal over surging egg prices throughout the 2024 presidential campaign. Now, he’s going to have to eat it.

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Today’s MM: What Michael Barr’s decision means for Fed independence. Also, interviews with both Chris Dodd and Barney Frank about the political independence of the vice chair of supervision role www.politico.com/newsletters/...

What Michael Barr’s decision means for Fed independence

Incoming President Donald Trump didn’t have to ask Federal Reserve Vice Chair Michael Barr to step down from his role as the central bank’s top regulator.

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Here's how Trump's Council of Advisers pick Steve Miran thinks tariffs could work (and how they could lead to new currency policies/trade agreements) www.politico.com/newsletters/...

Why Stephen Miran thinks tariffs can work

Trump’s pick to lead his Council of Economic Advisers, Stephen Miran, is bullish that the president’s policies will lead to a stronger dollar.

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NEW from me: Jeff Bezos, Larry Fink and Donald Trump’s Treasury pick Scott Bessent all agree: Turbocharging economic growth is the best route to reining in the U.S.’s massive $36 trillion debt. History is not on their side. www.politico.com/news/2024/12...

Trump's ‘explosive’ economic growth claims are no match for U.S. debt

The new president could face even more daunting challenges than his predecessors if he follows through on his tax and tariff pledges.

politico.com

Today’s MM: When it comes to Trump, Big Bank CEOs Ac-Cent-Tchu-Ate the Positive. Plus, a must read from @eleanormueller.bsky.social breaking down the gavel race for House Financial Services www.politico.com/newsletters/...

When it comes to Trump, Big Bank CEOs accentuate the positive

Bank of America CEO Brian Moynihan said favorable regulatory changes will give companies certainty to be “a little more aggressive as rates come down.”

politico.com

Had the pleasure of joining fellow W&M Tribesman @robblackwellab.bsky.social on the "Banking With Interest" podcast to discuss Bessent, taxes and Trump 2.0. Give it a listen here www.intrafi.com/press-insigh...

The economic clashes looming in Trump 2.0 www.politico.com/news/2024/12...

The economic clashes looming in Trump 2.0

Investors have been heartened by the selection of Bessent and Hassett as a sign the Cabinet might soften the parts of Trump's agenda that could shake markets.

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