Sam Sutton
@samjsutton
POLITICO Morning Money. Formerly POLITICO New Jersey. Bay Area native. RTs and Likes ≠ endorsements. email: [email protected] Signal: 925.216.7576
Price spikes that were expected to accompany Trump’s head-spinning tariff regime haven't arrived. That's created unique challenges for the Fed path to lowering interest rates — and raises questions about how the central bank will be led in the future. politico.com/newsletters/mo…
From @declanharty: Trump’s election unshackled "new challengers to the status quo of finance — from crypto firms seeking to upend trading ... to carmakers hoping to launch their own banks. Now, Wall Street is beginning to hit back at their plans." politico.com/newsletters/mo…
Interesting commentary from Bessent here
Today in a CNBC interview, I called for a review of the Federal Reserve. It is my belief that the central bank should conduct an exhaustive internal review of its non-monetary policy operations. Significant mission creep and institutional growth have taken the Fed into areas that…
“One of the biggest surprises so far has been the weakness of the $$. It was textbook: If you put in place tariffs, it’s going to put upward pressure," said @ernietedeschi. “That has major implications for the passing through of tariffs to prices.” politico.com/newsletters/mo…
The independence of the Fed is paramount. Terminating Chairman Powell risks a protracted legal battle with potential economic consequences like the disruptions we briefly saw in U.S. Treasury and dollar markets yesterday. These impacts will only threaten the foundation for…
Scoop: Several outside lawyers recently warned President Trump that a new strategy to remove Fed Chair Jerome Powell over the central bank’s $2.5 billion renovation project is on shaky legal ground, people familiar told me. w/ @vtg2 @jake__traylor politico.com/news/2025/07/1…
What happens next to the Fed may hinge on a counterintuitive question: Can temperate voices persuade Trump that the central bank’s insulation from immediate political pressures — from him — is actually good for him? My latest column: politico.com/news/magazine/…
Firing Powell would do nothing to help Trump on interest rates politico.com/newsletters/mo…
Per source who attended @Partnership4NYC mtg w/ @ZohranKMamdani today, he said he understands "globalize the intifada" is interpreted by NY Jews as a call for violence and will "discourage" its use and not use it himself. 1/3
Scoop: Fed Chair Powell responds to Senate Banking Chair Scott and Sen. Warren on building renovations politico.com/news/2025/07/1…
“They appear to be trying to build a strong case for mismanagement and the violation of certain federal rules,” said @KarenPetrou. “All of the accusations on monetary policy are irrelevant to this. It is a straightforward administrative action.” politico.com/news/2025/07/1…
New: UnitedHealth is trying to quiet its critics through legal threats against journalists, investors, doctors, filmmakers and others. The giant company is invoking the murder of its CEO to argue that intense criticism risks inciting future violence. 🎁🔗 nytimes.com/2025/07/12/bus…
No client list, but a list you can trust. And it's by no means exhaustive: nytimes.com/2025/06/04/bus… nytimes.com/2025/01/15/bus… nytimes.com/2024/12/13/bus… nytimes.com/2024/04/16/bus… nytimes.com/2024/10/02/bus… nytimes.com/2024/02/01/bus… nytimes.com/2023/10/05/bus… nytimes.com/2023/07/21/bus…
“Our position is that the Fed’s just not doing its job [on monetary policy] in the way it’s supposed to,” one WH official told me. Later adding: “If funds are being misspent, that’s still a dereliction of duty.” politico.com/news/2025/07/1…
“The one thing that could really upend his presidency and his standing with voters would be another bout of inflation,” said Stephen Moore. “Inflation is just a killer for politicians. politico.com/news/2025/07/1…
Everyone agrees that the U.S. lacks affordable housing. An underreported component of President Donald Trump’s “big, beautiful bill” might actually do something about it. politico.com/newsletters/mo…
ICYMI: Swing district Republicans shrug off political risk from axing clean energy tax credits under megabill, arguing they avoided more severe cuts. But Dems see it as "major reason" they'll take back the House in 2026. W @jamepdx, @kelseytam subscriber.politicopro.com/article/2025/0…