File under “sure, Jan”
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File under “sure, Jan”
#Fed Chair Nominee Asserts at Hearing He Won’t Do Trump’s Bidding
Kevin M. Warsh, Trump’s nominee for #FederalReserve chair, told senators at his confirmation hearing that #Trump had not asked him for any commitments
. Democrats pressed him on his #independence & details of his personal financial assets.#economy #banking #kleptocracy #Senate #USpol
https://www.nytimes.com/live/2026/04/21/business/kevin-warsh-fed-chair-hearing?smid=nytcore-ios-share -
File under “sure, Jan”
#Fed Chair Nominee Asserts at Hearing He Won’t Do Trump’s Bidding
Kevin M. Warsh, Trump’s nominee for #FederalReserve chair, told senators at his confirmation hearing that #Trump had not asked him for any commitments
. Democrats pressed him on his #independence & details of his personal financial assets.#economy #banking #kleptocracy #Senate #USpol
https://www.nytimes.com/live/2026/04/21/business/kevin-warsh-fed-chair-hearing?smid=nytcore-ios-shareIn a moment that the #crypto industry will hear loud & clear, #Republican Senator Cynthia Lummis of Wyoming asked #KevinWarsh whether he thought that crypto assets should be part of the #financial system so that “consumers” can benefit from more investment options & consumer protections. “Digital assets are already part of the fabric of our financial industry, so yes,” Warsh responded.
#Trump #CryptoBros #scammers #FederalReserve #economy #banking #kleptocracy #Senate #USpol
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In a moment that the #crypto industry will hear loud & clear, #Republican Senator Cynthia Lummis of Wyoming asked #KevinWarsh whether he thought that crypto assets should be part of the #financial system so that “consumers” can benefit from more investment options & consumer protections. “Digital assets are already part of the fabric of our financial industry, so yes,” Warsh responded.
#Trump #CryptoBros #scammers #FederalReserve #economy #banking #kleptocracy #Senate #USpol
Senator Smith asks Warsh how he can say the #economy is doing well when #job growth has slowed nearly to zero. Warsh responds by pointing to the low #unemployment rate: “If Americans who want a job can find a job, then by the Fed’s measure we’re at full employment.”
This gets at a curious characteristic of the current #labor market. We’re used to thinking that the economy needs to add #jobs every month to keep up with the growing labor force.
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Senator Smith asks Warsh how he can say the #economy is doing well when #job growth has slowed nearly to zero. Warsh responds by pointing to the low #unemployment rate: “If Americans who want a job can find a job, then by the Fed’s measure we’re at full employment.”
This gets at a curious characteristic of the current #labor market. We’re used to thinking that the economy needs to add #jobs every month to keep up with the growing labor force.
But right now, the #labor force is barely growing because of an aging population, the #Trump admin’s crackdown on #immigration, #AI & #layoffs. That
apparently means that the #economy doesn’t need to add many #jobs each month to remain in balance — but as Lydia DePillis wrote recently, it isn’t a balance that anyone seems very happy about.#FederalReserve #banking #kleptocracy #Senate #USpol
https://www.nytimes.com/2026/04/03/business/economy/population-growth-immigration.html?smid=nytcore-ios-share -
Senator Smith asks Warsh how he can say the #economy is doing well when #job growth has slowed nearly to zero. Warsh responds by pointing to the low #unemployment rate: “If Americans who want a job can find a job, then by the Fed’s measure we’re at full employment.”
This gets at a curious characteristic of the current #labor market. We’re used to thinking that the economy needs to add #jobs every month to keep up with the growing labor force.
@Nonilex
What a blinkered view of the employment market and people's lives.Ask the person working two part-time, no-benefits jobs and an Uber gig and still not breaking even every month if they're fully employed.
I hate economists who are like this.
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File under “sure, Jan”
#Fed Chair Nominee Asserts at Hearing He Won’t Do Trump’s Bidding
Kevin M. Warsh, Trump’s nominee for #FederalReserve chair, told senators at his confirmation hearing that #Trump had not asked him for any commitments
. Democrats pressed him on his #independence & details of his personal financial assets.#economy #banking #kleptocracy #Senate #USpol
https://www.nytimes.com/live/2026/04/21/business/kevin-warsh-fed-chair-hearing?smid=nytcore-ios-share@Nonilex Sure, and I've got a
in Brooklyn for sale. -
File under “sure, Jan”
#Fed Chair Nominee Asserts at Hearing He Won’t Do Trump’s Bidding
Kevin M. Warsh, Trump’s nominee for #FederalReserve chair, told senators at his confirmation hearing that #Trump had not asked him for any commitments
. Democrats pressed him on his #independence & details of his personal financial assets.#economy #banking #kleptocracy #Senate #USpol
https://www.nytimes.com/live/2026/04/21/business/kevin-warsh-fed-chair-hearing?smid=nytcore-ios-share -
R relay@relay.mycrowd.ca shared this topic
