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Donald Trump’s Poisoned Economic Chalice: Today’s solid employment report, together with a stock market setting records day after day, seems to confirm the conventional...
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Donald Trump’s Poisoned Economic Chalice: Today’s solid employment report, together with a stock market setting records day after day, seems to confirm the conventional...
On paper, Scott Bessent appears to be a fine choice for Treasury Secretary in the incoming Trump administration. Indeed, who could be better qualified...
In early 2008 Ben Bernanke’s Federal Reserve downplayed at great cost the downside risks to the economy coming from the subprime loan crisis. Today,...
One reason to think that the Fed will be mistaken in keeping interest rates high based on backward-looking data is that this policy exacerbates...
Federal Reserve Chair Jerome Powell's stance on maintaining high-interest rates, despite significant inflation reduction, is critiqued amid fears of exacerbating a regional banking crisis...
A disturbing characteristic of Jerome Powell’s Federal Reserve is how US-centric it has become. In following its data-dependent interest rate policy, the Fed makes...
Let us hope that Washington pays heed to Fitch’s timely wake-up call before the dollar tanks and inflation takes off again. However, in Washington’s...
John F. Kennedy was fond of repeating the wise old saying that success has a hundred fathers but failure is an orphan. If ever...
Generals are said to keep fighting the last war. The same might be said of Jerome Powell’s error-prone Federal Reserve. In 2021, at the...
Instead of afflicting us with multi-decade high inflation, by again ignoring the monetary policy aggregates in making its interest rate decisions, the Fed could...