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Over the past two decades, a disturbing weakness of Federal Reserve policy has been its almost exclusive focus on the short-term attainment of its...
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Over the past two decades, a disturbing weakness of Federal Reserve policy has been its almost exclusive focus on the short-term attainment of its...
Last year, in his all-important annual Jackson Hole Speech, Federal Reserve Chairman Jerome Powell announced a major monetary policy shift that now seems to...
Today’s strong jobs numbers lend support to those who think that the Federal Reserve is falling behind the curve in its monetary policy implementation....
Today’s inflation numbers are yet another reminder of the inflation denial in which the Federal Reserve is currently engaging. More troublingly yet, those numbers...
The Federal Reserve’s repeated denial that the country might soon have a real inflation problem reminds me of the apocryphal story about the inquest...
John Maynard Keynes famously said: “When the facts change, I change my mind. What do you do sir?” One has to hope that now...
Something is very much amiss at the Federal Reserve. The Federal Reserve acknowledges that this year the U.S. economy is set to have its...
Monetary policy can only do so much: it cannot permanently increase the wealth of a nation. That is the lesson from economic history. In...
It would be a gross understatement to say that Federal Reserve Chairman Jerome Powell faces a very difficult year ahead in meeting the Fed’s...