House To Vote on War Powers Resolution To End US Support for Israel’s War in Lebanon

Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias" This morning, three Fed officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. “I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today,...

Trump Tells Aides US Preparing For Extended Blockade, But Could Be Open To Interim Deal With Iran Summary Trump prepares for 'extended blockade' - WSJ reports he has informed aides of risky planning. Trump TS claim: Tehran has informed Washington they are in a "state of collapse" and that the Iranians want the US to "open the Hormuz Strait" - as 'tank tops' loom. Trump doesn't appear open to Iran's proposal which hinges on US naval blockade ending & nuclear issue being pushed to future negotiations (CNN). Tehran working on revised plan to be...

Molinari confronts the common objection that security is somehow different from other goods and must be exempted from market provision.