Economists at Deutsche Bank did back of the envelope math: Attempting to remove Powell as Fed chair might send short-term rates a bit lower but long-term rates a bit higher. The net savings would be a mere $12-15 billion through 2027 even if Treasury implemented an activist issuance scheme to delay coupon increases and skew issuance towards bills.

*SPEAKER JOHNSON SAYS HE IS 'DISENCHANTED' WITH FED CHAIR POWELL @TheTerminal

The president says that if the Fed lowered short term rates, interest expenses for the U.S. would fall by $1 trillion per year. The U.S. spent $1.1 trillion on interest expenses in 2024, and so there's almost no way this claim is remotely true.

NEW: House Financial Services just advanced a days-old push to overhaul sanctions on Syria that's drawing support — and opposition — from both sides of the aisle while the White House stays quiet. On one side: Mike Lawler, Richie Torres. On the other: Joe Wilson, Maxine Waters.

New: Tlaib just offered an amendment at House Financial Services Committee's markup that would force the Treasury Department to release a report on Epstein's financial transactions. "To this date, we only have a partial picture of Epstein's financial transactions."

Sen. Lummis says she wants to join a group of GOP senators and go to the Fed building to check the renovations “because it just doesn’t pass the smell test”

Lee just now re why he posted it: “There appeared to be one, and it occurred to me seconds after I posted it that I hadn’t seen it anywhere else, so I deleted it out of an abundance of caution. I don’t know whether it’s legit or not.”

There were 9 Republican cosponsors on the Massie-Khanna discharge petition yesterday. Today it's just Thomas Massie.

Asked if Trump would fire Powell, Trump said he’ll be out soon anyway and repeated that he calls him “too late” to lower interest rates, per @brittanyagibson in White House pool. “We should be at 1 percent. We should be leading the world.”

House: Eh idk what to do this week, let’s go home Senate: what if we stayed here forever