Warsh's First Day Starts With Powell Still in the Room
The Fed transition is not a clean handoff when the outgoing chair keeps a vote and inflation gives the new one no easy cut.
Economy
The Gas-Tax Fix Is a Domestic Admission of the Hormuz Premium
A gas-tax holiday is being sold as relief, but it also admits the war premium has reached the household ledger.
Brent Has a Price Tape and an IEA October Date
Oil can trade every summit headline while the IEA's October supply calendar keeps doing the real work.
Berkshire and Warsh Share One Friday Balance Sheet
Friday asks whether filings and Board seats can discipline the stories markets want to tell about Abel and Warsh.