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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...
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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...
John F. Kennedy was fond of repeating the wise old saying that success has a hundred fathers but failure is an orphan. If ever...
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...
Better late than never. Today, the Federal Reserve finally took decisive monetary policy action to regain control over inflation that has been largely of...
Today’s dreadful consumer price inflation number showing inflation now running at 7 ½ percent, coupled with last month’s stock market wobbles, can leave little...
Interest Rates are Going Up. What Happens to the US Economy’s Various ‘Bubbles’? After having spent much of last year assuring us that inflation was...
In Congressional testimony earlier this week, Federal Reserve Chair Jerome Powell strongly intimated that at its next meeting the Fed was likely to announce...
President Joe Biden has done the right thing to resist strong pressure from the Democratic Party’s progressive wing to replace Jerome Powell as head...
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...
Yesterday, upon hearing Federal Reserve Chairman Jerome Powell’s Congressional testimony, Milton Friedman must have been rolling in his grave. Despite the clearest of indications...