Greg Ip

President Trump with Fed Chair Jerome Powell during a tour of Fed renovations last summer.

The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power. President Trump intends to take control of the central bank, no matter what the law or ... See more

President Trump spent the past year taking economic stakes in private companies. To start the new year, he’s done that with an entire country. This week the Trump administration said it would control sales of Venezuela’s oil, of which the U.S. will get 30... See more

President Trump held a news conference after Venezuelan President Nicolás Maduro's arrest. Yet one factor appears to have been decisive for President Trump: oil.

The U.S. had countless reasons for wanting regime change in Venezuela. Nicolás Maduro was a hardcore socialist dictator who inflicted untold misery on his own people, allied with American adversaries, allegedly trafficked drugs and flooded the region with... See more