Government Policy
Understand how policy decisions coming out of Washington may impact financial markets and your investments.
Government Policy content
The worsening energy shock from the Iran War has raised risks of a more severe crisis. It may resolve quickly, but the longer it persists, the larger the possible economic damage. Asia and Europe are most vulnerable.
Onward
How private investors are influencing U.S. Treasury markets, and what it could mean for fixed income investors.
Washington Watch
Congress will seek more details from the Trump administration on its plans following military action in Iran.
On Investing
Claudia Sahm discusses the Fed's balance sheet and the impact of AI on the labor markets. And Kathy Jones announces her upcoming retirement.
In a 6-3 decision, the highest court in the U.S. ruled that President Trump lacks the legal authority to impose sweeping tariffs. But the administration has a Plan B in place.
On Investing
Liz Ann Sonders and Kathy Jones are joined by Kevin Gordon to discuss mixed economic signals, Fed policy uncertainty, as well as AI-driven investment and productivity gains.
A trade war occurs when countries impose retaliatory tariffs. Learn more about how trade wars begin and how they can impact markets, industries, and investors.
Washington Watch
This report is current as of February 12, 2026
In these early days of 2026, we've already seen a number of policy and political developments that have directly impacted the markets, including the U.S. military operation in Venezuela, threats and negotiations over Greenland, and threats against the independence of the Federal Reserve. With 2026 being a midterm election year, the frenetic pace in Washington will likely continue.
In this update, we'll flag some key issues that RIAs will want to watch in the months ahead.