American Heresy

Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...

"Let's Get Ruthless": Bulwark's Bill Kristol Suggests Illiberal Means Are Needed To Save Liberal Democracy Authored by Jonathan Turley, “Let’s get ruthless.” Those words are, unfortunately, nothing new in this age of rage. In just the last few weeks, various liberal pundits and politicians have been calling for radical and even violent action. Even comedian Margaret Cho publicly declared this week that “we need a feral, bloodthirsty, violent Democrat.” However, these words were reposted by Bill Kristol, the founder of the Weekly Standard and the current editor-in-chief of The Bulwark. Kristol was a leading conservative figure in the Republican Party. Kristol left...

Trump Issues Letter Rejecting Congressional Oversight For War, Citing Ceasefire Has 'Terminated' Hostilities Summary Trump submits letter to Congress at 60-day mark: ceasefire 'terminated' hostilities & so doesn't need authorization, he argues. US Treasury goes after Hormuz payment fees, sanctioning  three Iranian foreign currency exchange houses. Bessent issues pressure points against Iranian 'rats'. White House officials argue the current absence of fighting between Iranian & US forces means the 60-day timeline for Congressional approval (or US forces must leave) doesn't apply due to the ceasefire. Trump on Friday rejects Iran's latest revised proposal to...