Author: The Wall Street Journal

A.M. Edition for July 21. The European Union is changing its tune as trade talks with the U.S. take a turn for the worse. WSJ editor Dan Michaels explains what this could mean for the world’s largest trading relationship. Plus, how Treasury Secretary Scott Bessent has been trying to convince President Trump not to fire Fed Chair Jerome Powell. And why taxing the super rich can backfire on governments, as the U.K. seems to be learning to its detriment. Azhar Sukri hosts.

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This week we’re bringing you an episode of our podcast WSJ’s Take On the Week, where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance. Last Tuesday, and before the Fed entered its dark period when they don’t speak to media they spoke with Austan Goolsbee, president of the Federal Reserve Bank of Chicago and voting member of the 2025 FOMC Committee, to discuss the economy, inflation, tariffs, escalating trade wars and the Federal Reserve's approach to monetary policy. Goolsbee explains how the economic conditions and the Fed’s dual mandate of stable prices and maximum employment plays into his decision making on cutting interest rates. Plus, he discusses the potential for AI to drive long-term productivity gains but cautions against the risk of an "exuberance bubble" similar to the dot-com era.

Further Reading: 

Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says 

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Why were bank stocks down if bank earnings were strong? And how is Nvidia back in business in China? Plus, which company did MP Materials strike a deal with this week? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.

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P.M. Edition for July 18. President Trump has called for the release of grand jury material related to the investigation of convicted sex offender Jeffrey Epstein. The move follows the publication of an article in The Wall Street Journal about a letter bearing Trump’s name that was included in a 2003 birthday album for the disgraced financier. WSJ reporter Khadeeja Safdar, who co-authored that story, talks about the reporting that went into it. Plus, President Trump has signed into law the Genius Act, which creates ground rules for stablecoins. WSJ reporter Dylan Tokar discusses why banks are worried about the cryptocurrency. And the U.S. is set to end a decades-long practice of commenting on the fairness of foreign elections. We hear from Journal reporter Robbie Gramer about why. Alex Ossola hosts.

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The Journal: Trump’s Letter to Jeffrey Epstein

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