“President Trump on Monday suggested U.S. public companies should no longer have to report earnings quarterly, but on a six-month schedule instead,” Axios reports.

“It would be a fundamental change in the way American companies do business, and more closely aligned with how public companies report results in Europe and elsewhere.”

Wall Street Journal: “Two years ago, Stephen Miran’s career in finance seemed to reach a dead end. The investment firm he co-founded was closing, having never really gotten off the ground.”

“Now he is at the forefront of President Trump’s bid to remake the Federal Reserve.”

“Miran, chair of the White House’s Council of Economic Advisers, is poised to join the Fed’s board of governors, part of the 12-member panel that sets interest rates to steer the U.S. economy. It would be the first time since the creation of the modern Fed in the 1930s that a sitting member of the executive branch would also serve at the central bank.”

“I’ve known him for a very long time. I’ve liked him and I’ve respected him, but lately I’ve seen him go on TV and make arguments that really make no sense in support of this administration’s policies. It’s a scary thought to have the kind of Fed chair that’s willing to sacrifice the central bank’s independence out of loyalty to the president.”

— Gregory Mankiw, a former economic adviser to President George W. Bush, quoted by Politico, on the possibility of Kevin Hassett becoming Fed chairman.

Wall Street Journal: “Gold’s value has ballooned by 39% this year, putting it on track for a greater annual price jump than during the depths of the Covid-19 pandemic or 2007-09 recession, according to Dow Jones Market Data. Futures for the precious metal haven’t surged so much in a year since 1979, when a global energy crisis fueled an inflationary shock that thrashed the world’s economy.”