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Economy
No, Corporate Greed Is Not the Cause of Inflation
Corporate greed is not causing inflation, despite the claims of many on the political left who failed to understand the very basics of…
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Federal Reserve Board – Minutes of the Board’s discount rate meetings on April 8 through…
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Economic Data Still Reflect Low Recession Risk: Will It Last?
A broad set of US economic indicators continue to show that the odds are low that an NBER-defined recession has started or is imminent.…
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Speech by Governor Bowman on the Federal Reserve’s balance sheet as a monetary policy tool
I would like to thank the Bank of Japan and Governor Ueda for organizing…
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Stocks Week Ahead: Key Inflation Data to Decide Market’s Next Move – What to Watch
It will be a holiday-shortened trading week, with markets in the US Closed today for Memorial Day. We had some typical holiday-like price…
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How Biden’s New Tariffs on China Could Impact the US Auto Industry
The Biden administration announced significant tariff increases on China last week, targeting roughly $18 billion in strategic…
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Why Are Big Banks Pressuring the Fed to Ease Capital Requirements?
Last week, the Wall Street Journal reported that the Fed and two other U.S. banking regulators are going to significantly reduce a…
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The Risk of Recession Isn’t Zero as the Market Seems to Think
As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit:
“Economists don’t…
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Fed Funds Futures Market Starts to Flirt With Rate Hike Possibility
The monetary policy outlook has been uncertain, but primarily in terms of the timing of the first rate cut. But that’s starting to change…
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Speech by Governor Waller on some thoughts on r*
Thank you for the invitation to be here and speak to you today.1
I want…
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