Steve Matthews

If this is true, just require immediate disclosure of congressional trades and allow everyone to make these returns

Does anyone think Bessent genuinely is concerned the Richmond Fed president didn’t live in Virginia? Or Atlanta’s Bostic in Georgia? This seems like a pretext to try to bring more Trump-friendly Fed presidents to the FOMC.

Bessent to Push New Residency Rule for Regional Fed Heads Treasury Secretary Scott Bessent on Wednesday said he will push for a new rule that candidates for regional Federal Reserve presidents must have lived in that district for at least three years.

New rules? Fed presidents need to live in their districts three years to get the job.
www.bloomberg.com/news/article...

It's a shame Apple, Amazon and a host of other tech companies and others couldn't act as responsibly as JPMorgan. It's real leadership by Jamie Dimon. $JPM

We are not at war. This is murder. Everyone involved should be held accountable, most importantly those at the top.

Hassett Emerges as Frontrunner in Trump Fed Chair Audition White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people famil...

Bloomberg reports Kevin Hassett is the frontrunner for the Fed chairmanship. www.bloomberg.com/news/article...

Really sickening that MBS, responsible for the murder of a US journalist and dismembering of his body, is going to be celebrated at the White House. Really bad idea for any US executives to participate in this.

The Trump White House seems to want to take a wrecking ball to the Fed and its independence and in that climate the approval of Fed presidents, which has always been pretty routine, could get pretty nasty. The Fed bank presidents are supposed to have courage, not be political lackeys.

It makes me worry about the future of Chicago Fed chief Austan Goolsbee, who worked for Obama and appeared as a commentator on Fox prior to the Fed, and San Francisco Fed’s Mary Daly, who’s gay and has been outspoken on diversity (and oversaw supervision of Silicon Valley Bank.)

It’s sad as Bostic is very well respected in Atlanta , at the Fed and among Atlanta Fed employees. He worked for Obama and could easily have become a target when the Fed presidents get considered for renomination in February.

When ICE Roughs Up American Citizens A ProPublica report documents scores of unlawful arrests of U.S. citizens and points to widespread abuses by ICE

There are a stunning number of US citizens treated as criminals by ICE for no other reason than they are brown or Asian. Some have been injured and others kept in prison for days without access to lawyers.
open.substack.com/pub/harrylit...

Kavanaugh will burn in hell

It’s on the Bloomberg terminal

ROSENBERG: Today’s Univ of Michigan consumer confidence was “the third decline in a row .. the lowest since last May. This is in the lowest 1% share of readings of all time!

“.. Auto and home buying plans have only been as weak as they are today less than 5% of the time in the past.”

Atlanta residents are much more negative about the economy than they were in Trump’s first term: www.ajc.com/business/202...

Massive ACA price hikes revealed as Georgia Access window shopping opens early Some premium prices are more than tripling as ACA pandemic-era subsidies expire nationwide. The issue prompted the congressional shutdown.

Massive price increases on health insurance from the Affordable Care Act unless Congress acts. www.ajc.com/news/2025/10...

Without warrants, isn’t breaking and entering a crime?

Defending ACA against cutting subsidies that will throw millions off of insurance and raise costs for millions seems to be a higher ground. It’s not a small thing for a lot of people.

The Democrats have not much to show for in the last 9 months and should be under pressure to accomplish something. Not sure either side will be motivated to settle, so could go on until the public seems to care about it.

No, Fed is separate from other agencies. Supreme Court has already said it’s different.

It’s disgraceful that. CEOs are caving in to an increasingly authoritarian regime rather than speaking out for democracy. Any leaders who speak out would be helping the cause of democracy and ultimately the economy.

Fun would not be my description: intense, compelling, thought provoking, memorable….

No. I’m somewhat skeptical of Apple but much prefer Apple’s reputation for not doing awful things to Facebook.

Bill PPPulte's PPP PPProblem? "The dildo doth protest too much, methinks" - Hamlet

A substack writer looks at Bill Pulte’s background
open.substack.com/pub/keubiko/...

Exclusive: No evidence of primary residence violation by Fed Gov Lisa Cook, says Michigan official The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary residence.

Another blow to the case trying to unseat Fed Gov. Cook: “The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary residence.” Via Reuters

It’s notable that the NATO response to Russia’s drone incursion across the border into Poland makes no mention of US military assistance to defend Poland: Rutte mentions Polish F16s, Dutch F35s, Italian AWACS, and German Patriots. Russia’s testing of NATO airspace to test NATO’s response comes just days after the Pentagon informed NATO Allies bordering Russia that the US will halt training and security funding to them.

Fox defense reporter notes no U.S. response or role in Russia's violation of Poland's border.

Has there been any evidence shown of drug smuggling? Not that that would justify murder, but still a good question to be answered.

People can get into a $TSLA but they can’t get out . Seems like a big problem.
www.bloomberg.com/features/202...

Trump Can’t Fire Fed Governor Lisa Cook for Now, Judge Says A judge temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, allowing her to remain on the job as she challenges the president’s efforts to oust her over allega...

Lisa Cook can continue in her job , at least for now.
www.bloomberg.com/news/article...

Trump Is Accusing Foes With Multiple Mortgages of Fraud. Records Show 3 of His Cabinet Members Have Them. The White House has targeted opponents, including a Fed governor, for having more than one primary residence on their loan papers. ProPublica found that, in one case, a Trump cabinet secretary got two...

NEW: Trump has targeted political foes — including Federal Reserve governor Lisa Cook — for claiming more than one primary residence on their loan papers.

But ProPublica found that at least three of the president’s Cabinet members have done the same thing.