The ongoing conflict with Iran is directly impacting the U.S. economy through rising energy prices and the threat of 'demand destruction'. Diplomatic negotiations are underway but their outcome is uncertain, linking foreign policy decisions directly to domestic economic concerns like gas prices and food costs ahead of the midterms.
President Trump is actively intervening in the private sector in ways that defy traditional Republican orthodoxy. His suggestion to use the Defense Production Act for Spirit Airlines' bankruptcy is a prime example of his administration's willingness to use executive power to influence corporate outcomes, blurring the lines between government and business.
The leadership of the Federal Reserve has become a focal point of political drama. The conclusion of an investigation into Jerome Powell is clearing the path for President Trump's nominee, Kevin Warsh, to take over, but uncertainty remains about whether Powell will stay on as a governor.
The administration is consistently testing the established boundaries of executive power and political norms. This is evident in the president's contradictory statements on the Iran ceasefire, his approach to corporate bailouts, and the general churn within his cabinet.
Keep pulling the thread on Donald Trump.