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When the Federal Reserve meets next week, it would do well to recall two of Milton Friedman’s fundamental economic teachings. The first is that...
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When the Federal Reserve meets next week, it would do well to recall two of Milton Friedman’s fundamental economic teachings. The first is that...
Egregious budget and monetary policy mistakes in 2021 contributed to last year’s multi-decade high inflation. Today, there seems to be a real risk that...
Generals are said to fight the last war. Something similar might be said of Jerome Powell’s Federal Reserve in the way it has conducted...
Why the U.S. Economy Looks Set for a Recession in 2023: In one of his plays, Oscar Wilde wrote that to lose one parent...
Today’s strong jobs report numbers heighten the chances that next year the U.S. will have a hard economic landing in the form of a...
Hope springs eternal. Today’s stronger-than-expected GDP numbers are bound to be trumpeted by optimists that the U.S. economy can achieve a soft economic landing....
Today’s still solid jobs report, with unemployment at 3.5 percent and wages growing by 5 percent, offers little hope that the Federal Reserve will...
It is often said that two wrongs do not make a right. Something similar might be said of Jerome Powell’s Federal Reserve. Two big...
More inflation means more interest rate increases: Today’s disappointing consumer price numbers showing stubborn inflation that won’t dissipate. This now leaves the Federal Reserve with...
Does the Jobs Report Mean Another Interest Rate Hike? How Will That Impact the Economy? Today’s long-awaited jobs report has even more than the usual significance for...