The Treasury Secretary makes and rescinds demands, Playboy moves its headquarters out of Los Angeles, and New York City’s worst hotel closes. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 11-15. Miss: Foot in Mouth...
Treasury Secretary Scott Bessent is walking back demands he made yesterday that the Federal Reserve cut rates by 50 basis points at its next policy meeting in September. In an interview on Fox Business this morning, Bessent insisted, “I didn’t tell the Fed what...
Treasury Secretary Scott Bessent ratcheted up the Trump administration’s pressure for Federal Reserve rate cuts by bluntly stating the central bank’s benchmark is at least 1.5 percentage points too high. “I think we could go into a series of rate cuts here, starting...
President Trump announced he is considering a potential lawsuit against Federal Reserve Chairman Jerome Powell, citing the cost overruns on the $2.5 billion renovation project at the central bank’s headquarters in Washington, DC. In a Truth Social post, Trump...
President Trump has named Dr. Stephen Miran, chairman of the Council of Economic Advisors, as a temporary replacement on the Federal Reserve Board of Governors. Miran’s interim term will run through until Jan. 31, 2026. In a Truth Social posting, the president said...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
