Jonathan Levin

The Trump administration shouldn’t be in the business of using taxpayer money to muck around with markets. Its latest move is the longest of long-shot bets.

The administration's effort to lower borrowing costs in America is looking awkward. While Treasury secretary Scott Bessent was once a hedge fund manager, he shouldn't deploy those tactics by trying to time the bond market with taxpayer money.

Cryptocurrencies emerged in part as a protest against central banks flooding the global economy with money during the financial crisis 18 years ago. Bitcoin’s earliest proponents were cypherpunks and crypto-anarchists who saw the monetary authorities as agents of a surveillance state that had to be circumvented, if not toppled. And yet, central bankers from the Europe and many of the largest emerging markets are now chasing Bitcoin and Tether into the world of digital money. What’s gotten into o

The pain is most noticeable in the produce section, where the past six months have been marked by a succession of price spikes in tomatoes, lettuce and currently apples.

Putting it mildly, Treasury Secretary Scott Bessent has had a disappointing month. First, his dubious use of public funds to support Japan’s yen was called in question. Then he embarked on a futile attempt to manipulate the bond market, which led legendary hedge fund manager Stanley Druckenmiller to publicly upbraid his former mentee for the amateurish gambit. Finally, after promising to unleash “the greatest coordinated economic isolation in the history of the world” on Iran, Bessent’s big reve

Second-tier US cities are always pitching themselves as “the next Wall Street.” During the penny stock frenzy of the 1970s and ‘80s, Denver adopted the Wall Street West moniker — until its boiler rooms got caught up in a wave of fraud. Charlotte, Jacksonville, Miami, Tampa and West Palm Beach have all, at one time or another, laid claim to the Wall Street South nickname. And now Dallas is going all in on Y’all Street (the best coinage yet, by far).

For the first time in his three months on the job, Federal Reserve Chair Kevin Warsh said the right things. In his keynote speech Friday at the Federal Reserve Bank of Kansas City’s annual central banking event in Jackson Hole, Warsh acknowledged that inflation was elevated and widespread, and had been been so for “far too long.” He also said he would be “hard pressed” to describe financial conditions in the economy as “restrictive,” meaning he didn’t think the central bank’s current interest-r

Second-tier U.S. cities are always pitching themselves as “the next Wall Street.” During the penny stock frenzy of the 1970s and ‘80s, Denver adopted

FOR the first time in his three months on the job, US Federal Reserve (Fed) chair Kevin Warsh said the right things.