Memorial Day deadline to pass Trump’s big bill, they are preparing to flood the zone with round-the-clock public hearings starting Tuesday and stitch the various sections together in what will become a massive package.
“This good news will not last very long,” Weinberg wrote Friday. “Tariffs will boost the prices of all imported producers inputs—goods, not services (yet) — and the effect of tariffs will be visible in April data due for release on May 15.Major U.S. corporations are already bracing for potential damage.
scratched its expectations for operating income during the first quarter and Delta Air LinesBoth companies announced the changes this week, but shares of major retailers like Target and Macy’s have plunged since the start of the year. Shares of Delta, the nation’s most profitable airline, are down 35% in 2025.New inflation data, Weinberg noted, will arrive in mid-May, a week after the U.S. Federal Reserve meets to discuss interest rates. Those discussions have become more fraught, given the upending of the global trade order.
The difficulties now facing Chair Jerome Powell and the Fed werefrom the most recent meeting of Fed principals.
The minutes from the February meeting suggest the Fed could keep its benchmark interest rate unchanged if inflation remained high, or cut rates if growth slowed and unemployment begins to rise.
But if both happened at the same time, the Fed “may face difficult tradeoffs,” some of the 19 officials on the central bank’s interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged — or even raising it if necessary.½ cup lightly packed fresh flat-leaf parsley, finely chopped, plus more to serve
In a 12-inch skillet over medium-high, melt 3 tablespoons of the butter. Add the onion and ½ teaspoon each salt and pepper, then cook, stirring, until it begins to soften, 3 to 5 minutes. Add the garlic and cook, stirring, until fragrant. Add the couscous and cook, stirring often, until it begins to brown.Pour in the wine and cook, stirring, until the pan is almost dry, about 1 minute. Add 3 cups water and ½ teaspoon salt, then cook, stirring occasionally, for 5 minutes. Stir in the asparagus stalks and cook, stirring, for 3 minutes, then stir in the asparagus tips. Continue to cook, stirring, until almost all the liquid has been absorbed and the asparagus is tender, about another 2 minutes.
Off heat, add the Parmesan, parsley and remaining 1 tablespoon butter, then stir until the butter melts. Taste and season with salt and pepper. Serve sprinkled with additional Parmesan and parsley.EDITOR’S NOTE: For more recipes, go to Christopher Kimball’s Milk Street at