Congrats to @SteveMiran!

I met Waller once. I thought he was a good man trying to do the right thing for the country. I think he would be a good Fed Chair.

Sounds like Waller has the OK from Bessent. Now he's going to have the most important interview of his career.

This ad got banned by the UK government, so I had to see it.

BREAKING: Trump says there will be a 100% tariff on all semiconductors entering the US

Kinda crazy that the big banks debanked a U.S. president. Now I see why Trump likes crypto so much.

A continuing commitment to keep coupon sizes unchanged would slowly shorten Treasury's WAM as the fiscal deficit grows faster than net coupon issuance and is financed by bills. The price is higher short rates and a larger fiscal impact from fed policy.

Fed sets the overnight risk free rate by willing to borrow at the RRP rate. Short rates are then priced off the expected path of that rate. That is why the two year Treasury yield is roughly the market's expectation of Fed policy. Note how 2y swap rate and 2y yield move together

Markets Weekly August 2, 2025 Data, Earnings, Narrative Shift

Shadow Fed Chair coming sooner than expected.