WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports

A discharge petition to bring a bill to the floor of the House to send additional military aid to Ukraine has reached the required 218 signatures to force a vote, which is expected in the coming weeks. The Ukraine Support Act was introduced last year by Rep. Gregory Meeks (D-NY), the top Democrat on the […]

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...

A United States executive branch official evading answering questions at a congressional hearing is not a new thing. But, on February 11, Attorney General Pam Bondi took the evasion to a new level. There she was complaining that the House Judiciary Committee members asking her questions related to the topic of the hearing — oversight […]