Chapter 2: Liberal Economic Policy

Latest Fed Beige Book Underscores "K-Shaped" Split Of US Economy Economic activity increased at a "slight to moderate" pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change, according to the latest Fed Beige Book. The just released Beige Book - prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 27, 2026, and is the second one to capture the effect of the war on the US economy - found that consumer spending...

Super El Niño Could Trigger Major Coal Boom In India Authored by Tsvetana Paraskova via OilPrice.com, The super El Niño weather phenomenon this year will significantly boost India's demand for coal-fired power generation over the next 12 months, as a generation gap could occur with higher temperatures, the Finland-based think tank Centre for Research on Energy and Clean Air (CREA) said in a report on Monday. The El Niño, the recurrent weather pattern driving global temperatures higher, would affect most energy systems globally, but none would be as affected as India's, according...

President Trump on Thursday attacked House lawmakers as “unpatriotic” for passing a War Powers Resolution that would direct him to end the war with Iran, which he launched with Israel without congressional authorization, in violation of the US Constitution. The bill passed on Wednesday in a vote of 215 to 208, with four Republicans joining […]