September 17, 2026

I Did. Three Times. Yesterday.

The president has solved monetary policy. His economic team looks unconvinced.

Editorial cartoon in a Federal Reserve Economics 101 classroom. Donald Trump writes Trade Deficit equals Loss, No Trade Deficit equals plus 1.5 trillion dollars, We Have the Best Credit, therefore Interest Rates equal 1 percent. Kevin Warsh asks Scott Bessent, Do you want to explain it to him? Bessent replies, I did. Three times. Yesterday.