Editor @business covering the Federal Reserve & U.S. economy. Say hi: [email protected]. Omeokwe=oh-MOE-kway
DC via THE BRONX
Joined June 2012
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Professional news: I’m joining @business in a few weeks to cover the Federal Reserve and U.S. economy. I’m grateful to get back to reporting at this important time for the economy, and in a newsroom that’s already made me valued and welcome. 🧵
Amara Omeokwe retweeted
Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve after the Justice Department ended a criminal probe targeting Fed Chair Jerome Powell bloomberg.com/news/articles/…
The thing I can’t stop thinking about: The Fed’s inspector general was already conducting an evaluation of the renovation project, at the request of Chair Powell. So Pirro’s office went through a whole lot of trouble and drama to end up with…an outcome that already existed.
This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers.
The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas.
Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.
Came here just to ask this because it’s been living in my head rent-free: Why is the late in quotation marks???
This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!
Donald Trump Truth Social 04/04/25 11:08 AM
Amara Omeokwe retweeted
You will not find a better, kinder, smarter, more competent or industrious human being than @judemarfil.
I have learned so much listening to @AsteadWH this election season. Nobody has had sharper analysis 🔥
Democrats “original sin” was a belief that Donald Trump would be inherently unelectable bc of Jan. 6 and legal problems — which took root among party leaders after the midterm elections and gave them cover for unwisely consolidating behind Biden
On @CNN w/ @andersoncooper
The Biden White House was very disciplined in its message on the Fed, except for a few stray comments here and there. They even put out a memo on the importance of central-bank independence.
It’s a key difference from Trump on economic approach. He is willing to bully them.
Trump’s victory in the presidential contest threatens to upend the US economic outlook and alter the Federal Reserve’s policy calculus ahead, while renewing questions about how fiercely he might pressure the central bank during his second term. bloomberg.com/news/articles/…
Amara Omeokwe retweeted
Smart reporting here by my colleague @TheAmaraReport for @economics. Harris is making an economic pitch to Black voters. But the context is tough because the racial wealth gap in America has only been growing…
Kamala Harris says she won't shy away from " the history and the disparities that exist for specific communities."
So I took a look at her economic pitch to Black voters against the context of a wealth gap that, despite recent progress, remains stubborn.
bloomberg.com/news/articles/…
Kamala Harris says she won't shy away from " the history and the disparities that exist for specific communities."
So I took a look at her economic pitch to Black voters against the context of a wealth gap that, despite recent progress, remains stubborn.
bloomberg.com/news/articles/…
Terrible fielding the whole game. Bad decision making to walk Betts. Yankees gave that one away ugh!
Amara Omeokwe retweeted
Very nice piece from @TheAmaraReport
Companies are finding it harder to raise prices as consumers tighten their purses, and that's making the Fed more confident inflation will continue to fall bloomberg.com/news/articles/… via @economics
Amara Omeokwe retweeted
SOTOBOMBAAAAAAAAAAA!!!!!!!!! #REPBX LETS GOOOOOOOO!!!!!!
Election discourse is broken.
Notice the debate becomes about "field" vs. "house" African-Americans and not about the policies the two candidates are proposing and what they would mean for Black people. Which is actually helpful for voters?
Harris, asked by @cthagod if it's bad electoral strategy for politicians to talk specifically about their plans for Black people: "I am running to be president for everybody, but I am clear-eyed about the history and disparities that exist for specific communities..."