In Defense of Jerome Powell
Pres. Trump has picked a fight with Federal Reserve Chair Powell. On January 13, Mr. Powell restated his commitment to Fed independence. Continue Reading →
Tag Archives: Fed
January Inflation
The January inflation report was hailed by many. I don’t know how anyone can look at this positively. The CPI increased 0.5%, 5.75% annually. Continue Reading →
Save the Fed
The Fed may be in danger. The Federalist: “Democrats Will Gladly Trash The Economy To Put A DEI Hire On The Fed ,,, .” Let’s save the Fed. Continue Reading →
The Very Best People at the Fed
Click the chimp! (Jerome Powell is chairman of the Board of Governors of the Federal Reserve System.) Only the very best people at the Fed! Continue Reading →
The Fed is Out of Control
“Although the report was published as a report of the Board of Governors, it was the product of one Board Member, and was not reviewed …” Continue Reading →
Let’s See If The Fed Can Make It Stick
The Fed has spoken. The new target rate for the Federal Funds rate will gradually rise to between 0.25 and 0.50 percent. I wrote extensively about this yesterday. It will be interesting to see whether the folks at the Board of Governors can make this rate increase stick. Continue Reading →
Yellen Decries Wealth Inequality, Fails to Mention Fed’s Role
It happens that the Fed critics are exactly right. While interest rates on debt held by those in the bottom 80% may be slightly cheaper, much of that debt is probably credit cards. Those interest rates are still way, way above 1%. Continue Reading →