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The message beneath the yen intervention

Axios
304 posts last month
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The U.S. and Japanese governments have acted together to try to prop up the value of the yen on global currency markets. The way they did it contains a clue about U.S. goals — and has some worrying implications for global markets.

The big picture: Headline indicators have been steady…

What happens if the Fed holds fewer policy meetings

Axios
304 posts last month
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Federal Reserve chairman Kevin Warsh is reportedly weighing whether the central bank should hold fewer policy meetings each year.

Why it matters: Cutting the Fed's meeting schedule would be the biggest change to the process of monetary policymaking in decades, reducing the procedural burden on staff but giving policymakers fewer…

Ranked: America’s Highest-Paid Mayors

120 posts last month
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Ranked: America’s Highest-Paid Mayors

Key Takeaways

  • San Francisco has the highest mayoral salary in the U.S. at $393,097, but Mayor Daniel Lurie chose to accept just $1.
  • New York City Mayor Zohran Mamdani, a prominent democratic socialist, ranks seventh with a salary of $258,750.
  • California holds the top three positions…

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