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...

Seemingly?

on.ft.com/4o8n1Qa

Yesterday, Fed funds futures market saw a December rate cut as a near certainty. After today's Powell press conference, it seems 66% chance. Via CME Fed Watch. www.cmegroup.com/markets/inte...

Fed will reinvest all principal payments from its mortgage-based agency securities into Treasury bills through secondary market purchases. www.newyorkfed.org/markets/opol...

change in time: 12:30 ET

Addressing threats to the SNAP program Thursday, Oct 30, 1:00 PM – 2:00 PM EDT Hamilton Project @brookings.edu (Online only)

Federal Reserve Governor Lisa Cook: The outlook for the economy and monetary policy. Monday, Nov. 3, 2 pm EST Hutchins Center @brookings.edu www.brookings.edu/events/fed-g...

Ontario's Doug Ford: Trump called our ad a “hostile act,” but it was meant as an encouragement to embrace what has made our nations great. www.wsj.com/opinion/doug...

New from NOTUS: What is the biggest blind spot in current US oversight of the financial system? www.notus.org/perspectives...

ICYMI: Here's the video of today's Hutchins Center @brookings.edu discussion of stablecoins now that the GENIUS Act is law. www.youtube.com/live/t5VmhD7...