Investigative Journalism | Exposing What Lies Beneath
The Federal Reserve raised interest rates for the first time in three years, targeting a range of 3.75%-4.00%, with expectations for another hike by year’s end. This hike reflects a strong economy rather than a failing one, although some inflation pressures relate to current administration policies. The next FOMC meeting is critical, coinciding with the election season.
The U.S. economy lost 23,000 jobs in July, primarily due to a 53,000 decrease in local government employment, particularly in education. However, private payrolls rose by 30,000. This complex picture indicates a cooling labor market, with misleading headline statistics overshadowing the nuances of private sector growth and labor force participation decline.
The Private Sector Grew. Government Shrank. The Headline Blurred Both. Read More
The Supreme Court’s recent ruling allows Donald Trump to dismiss independent agency commissioners at will, overturning a 90-year precedent. This shift exposes the political nature of such agencies, historically insulated to advance particular agendas. The decision reinforces presidential accountability, increasing the political stakes in agency actions and prioritizing electoral responsibility.
They Built the Cage, Then Complained When Someone Else Got the Key Read More
Senator Thom Tillis (R-NC) is blocking any Federal Reserve chair nominee until the Justice Department concludes its investigation of former Chair Jerome Powell. This standoff illustrates a power struggle between institutional conservatives and the Trump administration, raising concerns about accountability, Senate independence, and the future legitimacy of the Federal Reserve amidst economic uncertainty.
Sen. Thom Tillis Draws a Line: No Fed Nominee Until DOJ Resolves Powell Probe — Even Under Trump Read More