Napolitano: The argument is that less liberty produces more safety. That premise is historically and morally erroneous.

May PCE inflation rises to 2.3%. Remember when Powell predicted inflation would soon be back at 2 percent back in September? 

Trump wants more inflation. Warsh, Hassett and Bessent are among those under consideration as Trump evaluates their commitment to cutting rates. 

President Trump called for Israeli Prime Minister Benjamin Netanyahu’s corruption trial to come to an end in a strong show of support for the Israeli leader.

The Luddites were 19th-century British textile workers who believed that the invention of machines and technology would destroy jobs. While times have changed, the same economic fallacies the Luddites had persist in different forms. Many still believe that technology ought to be regulated such that it does not lead to the loss of jobs. What modern-day Luddites fail to see is that technology and the dynamic nature of a free market economy make us wealthier than before.

Donald Trump and his allies continue to complain that the central bank isn’t inflating the money supply enough. Last week, Bill Pulte, Trump’s appointee to the Federal Housing and Finance Administration—and the head of Fannie and Freddie—complained that Powell and the FOMC weren’t forcing down interest rates enough.

Pulte wrote on X/Twitter:

Many are familiar with the “hockey stick” graph of economic history (below) which details how, for all of human economic history, people lived on the equivalent of approximately $3 a day or less, however, there was an unprecedented change that took place around 1800—particularly in Europe then America—which led to an unprecedented advance in economic wealth and prosperity. Historically and economically, what needs to be explained is not poverty but wealth. There have been many attempted explanations as to why this took place, where this took place, and when this took place.