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Fed chair Jerome Powell attempts a high-wire circus act on inflation

Fed chair Jerome Powell is attempting something of a high-wire circus act as the central bank pushes forward with its average inflation targeting regime.

The big picture: He's trying to simultaneously raise inflation while keeping short-term interest rates low and stimulate the economy through unprecedented and extraordinary measures while convincing Americans the economy is doing well.

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Trump plans to declare premature victory if he appears "ahead" on election night

President Trump has told confidants he'll declare victory on Tuesday night if it looks like he's "ahead," according to three sources familiar with his private comments.

  • That's even if the Electoral College outcome still hinges on large numbers of uncounted votes in key states like Pennsylvania.
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West Wing melts down as aides point fingers at Mark Meadows

White House crises of competence and credibility grew during a botched weekend that left even White House aides dismayed and befuddled.

Many complained bitterly about the leadership of chief of staff Mark Meadows.

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