Catherine Rampell
Sure, maybe everyone *else* in the Trump administration arrived via clown car. But at least two of Trump’s top economic appointees this time around were supposed to be Serious People. After all, over at the Treasury and the Federal Reserve, real money is on the line; Trump realized the leaders of these institutions needed to be people the markets trust. For a while, they were. But now the markets appear to be losing faith in them, too. https://www.nytimes.com/2026/08/27/opinion/bessent-warsh-treasury-fed-bonds-trump.html?unlocked_article_code=1.81A.qTNq.7hCcFiyJe2jy&smid=tw-share