Nancy Pelosi’s price controls would take a sledgehammer to Medicare.

Policy and Government

CNBC reports FedEx CEO Fred Smith told Jim Cramer “there is a lot of whistling past the graveyard” about the U.S. economy versus what’s occurring globally.

CNBC reports the Business Roundtable downgraded its forecast for U.S. economic growth this year.

Monetary

At CNBC, Patti Domm reports the Fed is losing control over interest rates.

MarketWatch speculates the Fed’s repo operations could continue beyond Thursday.

In the NY Post, John Crudele reports Big Banks are lamenting the lower interest rates.

Regulatory

The Washington Times explains how Pelosi’s price controls would take a sledgehammer to Medicare.

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