A United Front at the Fed and in Israel
Grand jury subpoenas could backfire on the Fed
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week former New York Fed President Bill Dudley told us what those grand jury subpoenas will mean for the Fed, and we took stock of what the Israel-Hamas war has meant for Israel’s “startup nation.”
If you’re not yet a subscriber, sign up here for this newsletter.
We began the week with that forceful statement from Fed Chair Jay Powell disclosing grand jury subpoenas that he called a “pretext” for putting pressure on the Federal Reserve to cut rates.