US Economic Policy Digest

Federal Reserve Developments

• 🔥 Warsh Era Begins with Hawkish Tilt: Deutsche Bank expects the first FOMC meeting under new Chair Kevin Warsh to...

Hawaii's economy is set to moderate sharply, with real GDP growth projected at 1.6% for 2026 after 2.5% in 2025, driven by inflation jumping to 5.1%...

Oil prices plunged more than 5% to $80 per barrel after the US and Iran signed a peace agreement.

• The deal lifts the US naval blockade of Iranian...

Kenneth Rogoff explains that high inflation takes considerable time to develop, rather than emerging abruptly.

Texas maintains a distinct approach to workplace rules while other states expand employee protections.

• Core Texas rules: Minimum wage holds at $7.25...

U.S. national debt stood at approximately $39.2 trillion as of June 16, underscoring mounting pressures on federal finances and the search for sustainable solutions.

Post-Hurricane Maria data from Puerto Rico shows infrastructure investment outperforms homeowner rebuilding subsidies as a cost-effective recovery...

Infrastructure demand is growing faster than public agencies can fund, pushing greater reliance on design-build contracts and public-private...

US nuclear construction costs surged over decades while other nations avoided similar spikes, showing escalation stems from regulatory decisions...

Kevin Warsh will use his first FOMC press conference to push a strict 2% inflation target and trimmed-mean measurement, rejecting the Powell-era...

New York Gov. Kathy Hochul signed the FY 2026-2027 state budget on May 28, 2026, with provisions addressing federal tax conformity, rate changes, and property tax measures.

Most states exempt Social Security benefits from taxation, but eight continue to tax at least some retirees' benefits, often with income or age-based...

The Trump administration plans new tariffs targeting countries failing to curb forced labor imports.

• Scope: Initiative covers 60 economies...

Regulations primarily exist to correct market failures—such as excess market power, negative externalities, information gaps, and the tragedy of the...

The Fed's FOMC meeting this week sparks debate on whether policy moves could trigger sharp market swings. Analysis centers on macroeconomic scenarios with focused Bitcoin and oil outlooks.

Several states stand out for shielding retirement income from state taxes.

• Nine no-income-tax states including Alaska, Florida, Nevada, Texas, and...

The federal government posted a $292.6 billion deficit in May, pushing the fiscal 2026 shortfall beyond $1.2 trillion after just eight months.

US export controls forced Anthropic to abruptly cut access to its Fable and Mythos models—even for foreign nationals inside the country—exposing...

The 2025 reconciliation law caps Medicaid state directed payments (SDPs) at or near Medicare rates, aiming to curb federal spending.

Key developments...

Despite new Federal Reserve Chair Kevin Warsh favoring lower rates, analysts expect no change in interest rates at tomorrow's announcement. This marks the first decision since Warsh replaced Jerome Powell last month.