Alan Rappeport
@arappeport
Economic Policy reporter at The New York Times. Formerly @FT; @MarjorieDeane alum @TheEconomist @LSEECHist. [email protected]. 🔁/❤️ ≠ endorsement
After nearly 7 amazing years at the IMF, I have decided to return to my academic roots. On September 1, 2025, I will rejoin @HarvardEcon as the inaugural Gregory and Ania Coffey Professor of Economics. I am truly grateful for my time at @IMFnews, first as Chief Economist and then…
Trump just said in the Oval that they are thinking about "no tax on capital gains on houses"
Bessent says he’s meeting with his Chinese counterparts next Monday and Tuesday and the U.S. and China will likely work on an extension of their trade truce that expires 8/12
Bessent: "We're about to announce a rash of trade deals in the coming days."
New @nytimes op-ed by former Fed chairs Ben Bernanke and Janet Yellen nytimes.com/2025/07/21/opi…
Yellen: I don't talk to Secretary Bessent. He has undone everything I worked on at Treasury. Bessent: "I couldn't even tell you what Secretary Yellen's China policy was, aside from consuming beer and mushrooms." via @bobdavis187 thewirechina.com/2025/07/18/jan…
One reason the Fed renovation is so pricey is Trump's 2019 appointees to the Commission of Fine Arts wanted more marble used to fit w/ the building's classical aesthetic. “It’s kind of ironical that Trump is railing against this thing," said former CFA commissioner Alex Krieger.
New: Trump’s war With Powell throws a little-known planning board into scrutiny The National Capital Planning Commission never focused on the costs of federal development projects but Trump's new commissioners will be scrutinizing the Fed renovation. nytimes.com/2025/07/18/us/…
New: Trump’s war With Powell throws a little-known planning board into scrutiny The National Capital Planning Commission never focused on the costs of federal development projects but Trump's new commissioners will be scrutinizing the Fed renovation. nytimes.com/2025/07/18/us/…
Japanese Prime Minister Shigeru Ishiba said that US Treasury Secretary Scott Bessent told him that the two nations will be able to reach a good trade deal. bloomberg.com/news/articles/…
Will Trump fire Powell? CAN Trump fire Powell? I don't know. But what I do know is that if Trump wants lower interest rates, firing the Fed chair is likely to backfire, resulting in *higher* borrowing costs for households and businesses. nytimes.com/2025/07/17/bus…
The Fed has a nerdy, antiquated economist's view that if you grow too fast, you better raise interest rates to cut it off. It's time to get real: the rates are too high and it's time to lower them. Thanks for having me on @SchmittNYC for the discussion. newsmax.com/newsmax-tv/dav…
Republican Tax Bill Is a Losing Deal for Gamblers nytimes.com/2025/07/16/us/… via @NYTimes
BREAKING: Pres. Trump showed off a draft of a letter firing Powell, during a meeting with roughly a dozen House Republicans on Tuesday night, polling them as to whether he should do it and indicating that he likely would. @maggieNYT @colbyLsmith nytimes.com/live/2025/07/1…
In today's NYT Great Read slot, I introduce you to Mike Maggart. He has no interest in acting. No training. But keeps getting cast in Wes Anderson films and commercials. With lines and all.
Treasury Secretary Scott Bessent last month: “There is no quid pro quo in terms of chips for rare earths” And on Bloomberg TV just now, asked whether the US is allowing Nvidia H20 sales to China as a quid pro quo for rare earths: “Yeah, I think it was all part of a mosaic.”
Bessent meets the textile industry. Back story: nytimes.com/2025/06/25/bus…
The textile industry has long been an important facet of our economy. Today, I had a productive discussion with @NCTO, the voice of the U.S. textile industry. We discussed @POTUS’s vision for strategic manufacturing and this administration's ongoing efforts to bolster growth…
For the second time this year, the world’s most powerful finance ministers gather in South Africa without the presence of the US Treasury Secretary bloomberg.com/news/articles/…
Scooplet: A senior Treasury official has told colleagues she's leaving Trump admin for private sector, sources told @CBSNews. Julia Hahn, asst secretary for public affairs, likely to start her own public affairs firm. Departure comes in midst of intensifying trade negotiations.…
Beyond bashing Powell almost daily, the administration is now attacking the Fed chair for renovations on its D.C. headquarters, calling it an "ostentatious overhaul" This as concerns grow about the impartiality of whomever Trump picks to replace him nytimes.com/2025/07/10/bus…
Chairman Jerome Powell has grossly mismanaged the Fed. While continuing to run a deficit since FY23 (the first time in the Fed's history), the Fed is way over budget on the renovation of its headquarters. Now up to $2.5 billion, roughly $700 million over its initial cost.…
Treasury chief of staff Dan Katz and CEA chair Stephen Miran last year called for reforming the Fed to insulate it from political influence and called for measures to “check the ability of the U.S. president to completely dominate the balance of power on the F.O.M.C.”
New: Bessent steps up criticism of Fed as auditions for chair intensify The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader. w/ @colbyLsmith nytimes.com/2025/07/09/us/… via @NYTimes