David Wessel

Patrick Henry expressed concern that the President “may easily become king,” James Madison replied that this would not occur because “[t]he purse is in the hands of the representatives of the people.” Full Henry quote on "you Senate" below: teachingamericanhistory.org/document/pat...

open.substack.com/pub/paulkrug... Paul Krugman replies to Scott Bessent’s diatribe against the Fed.

It's hard to keep up with Trump so we've compiled a list of websites tracking Trump’s actions on tariffs, regulations, the environment, immigration, and more. @brookings.edu Hutchins Center www.brookings.edu/articles/tra...

Lisa Cook's lawyers raise “significant concerns” over the “objectivity and fitness of the committee” Trump named to investigate her, say she will in Europe on Nov 5, say the earliest she can appear is after Dec 8-9 FOMC meeting. www.nytimes.com/2026/10/13/b...

www.nbcnews.com/politics/202...

New Nobel laureate Woodford: "There is good reason for a central bank to commit itself to a systematic approach to policy, that not only provides an explicit framework for decision making within the bank, but that is also used to explain the bank’s decisions to the public.” shorturl.at/3IxMk

Bob Hall and Michael Woodford get the Nobel in Economics. www.nobelprize.org/prizes/econo...

@wsj.com asks 55 Wall Street & busines economists to grade Kevin Warsh's performance as Fed chair -- so far. Modal grade is a B but more than a third say it's too soon to tell. www.wsj.com/finance/inve...

Philadelphia Fed is in the market for a senior vice president of strategic communications. rb.wd5.myworkdayjobs.com/en-US/FRS/de...

Text of Trump order forming committee to investigate Lisa Cook www.whitehouse.gov/presidential...

Will Republicans in Congress let Trump de-fang GAO? www.washingtonsun.com/whitehouse/t...

Jimmy Atkinson: OZ 2.0 is shaping up to be less rural than OZ 1.0, contrary to what Congress intended. Across he 12 states that have published OZ 2.0 tracts, 37.2% of the 1,566 are rural, down from 44.8% of the same states' 2018 OZ 1.0 tracts. opportunityzones.com/2026/10/oz-2...

Tara Watson of @brookings.edu proposes a temporary direct-care worker visa, H-1D, that offers a tailored and flexible way to address the looming workforce challenge and improve the quality of care available to older people needing support. www.brookings.edu/articles/a-d...