Fed Policy Approach Debate

The Federal Reserve Ain’t Broke, So Don’t Fix It by Alan Blinder
https://www.wsj.com/opinion/the-federal-reserve-aint-broke-so-dont-fix-it-c22a2de0
We need forward guidance to avoid the guessing game that follows when central bankers say nothing. 

Structural shifts demand a new central banking mindset by Vivekanand Jayakumar, The Hill, July 21, 2026
https://thehill.com/opinion/finance/5979598-monetary-policy-paradigm-shifts/
While the primary objective of most central banks — maintaining price stability — remains unchanged, the post-pandemic economic landscape has evolved in ways that require policymakers to rethink how monetary policy is designed and implemented. 

Corporate America Rethinks AI Spend

Corporate America Has Suddenly Decided to Stop Blowing Money on AI
https://www.wsj.com/business/china-us-ai-model-costs-53a12e96  
Companies big and small are mixing models, and it’s changing the economics and power players of the industry. 

US Homeownership Rate

New Fed research suggests far fewer Americans own homes than widely believed
https://www.cbsnews.com/news/us-homeownership-rate-minneapolis-fed-study/
 
New homeownership measure puts people first
https://www.minneapolisfed.org/article/2026/new-homeownership-measure-puts-people-first 

History Lesson: Luddites

A brief history of Luddism
https://www.economist.com/finance-and-economics/2026/07/23/a-brief-history-of-luddism
States ultimately decide how fast technology is adopted. 

Europe - A Museum or a Theme Park?

Dismissing Europe as a museum is glib. Think of it as a theme park.
https://www.economist.com/europe/2026/07/23/dismissing-europe-as-a-museum-is-glib-think-of-it-as-a-theme-park 

Japan's Currency Dilemma

Japan's policy doom loop sends yen to 40-year low
https://www.reuters.com/commentary/reuters-open-interest/japans-policy-doom-loop-sends-yen-40-year-low-2026-07-22/ 

TDS

Trade Deficit Derangement Syndrome
https://www.wsj.com/opinion/trade-deficit-derangement-syndrome-fe3f37d6
Trump isn’t the first to suffer from it, and seeking ‘balance’ in 2026 is as foolish as it was in 1776. 

Trump’s Trade Wars Are Back—Despite the Supreme Court
https://www.wsj.com/politics/policy/trumps-trade-wars-are-backdespite-the-supreme-court-7a889f9a
The president’s proposed use of an obscure Depression-era law shows courts and Congress haven’t curbed Trump’s ambition to impose tariffs at will.

Trump Unveils New Tariffs Designed to Withstand Legal Scrutiny
https://www.wsj.com/economy/trade/trump-unveils-new-tariffs-designed-to-withstand-legal-scrutiny-21ef4093
The new duties, ranging from 10% to 12.5%, will replace a temporary tariff put in place after the Supreme Court derailed Trump’s trade agenda in February.