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The Federal Reserve’s data-driven approach to policymaking looks like a problem: Rudi Dornbusch, the late MIT economist, said of the Mexican central bank that he...
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The Federal Reserve’s data-driven approach to policymaking looks like a problem: Rudi Dornbusch, the late MIT economist, said of the Mexican central bank that he...
The Federal Reserve has the greatest difficulty in making accurate economic forecasts. Yet that does not stop it from nailing its colors to the...
Treasury Secretary Janet Yellen has now followed Federal Reserve Chair Jerome Powell in finally admitting that she was wrong last year in thinking that...
John F. Kennedy famously said that victory has one hundred fathers but defeat is an orphan. Something similar might be said of Washington and...
On Friday, the Dow Jones Industrial Average experienced its longest weekly losing streak in almost 100 years. The Dow ended the day nine points...
Is a recession in the works? Jerome Powell, the chairman of the Federal Reserve, admitted on Thursday that high inflation and global economic woes...
April’s inflation numbers looked only a fraction better than March’s historic increase, reaching 8.3 percent. That’s just 0.2 percent less than March’s figure, and...
For President Biden, there is some good news and bad news in today’s inflation numbers. The good news is that inflation is finally beginning...
Better late than never. Today, the Federal Reserve finally took decisive monetary policy action to regain control over inflation that has been largely of...
How bad will inflation in the U.S. get? On Monday, a day before the Department of Labor released its inflation figures for March, White House...