core inflation

We Shouldn’t Have To Be Busting The Flood Myth For A Second Time, And Now We’re Really Going To Pay Prices

By Jeffrey P. Snider|2020-05-29T19:18:37-04:00May 29th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s now more than two months out from GFC2 and more importantly the Fed’s response to it. Why is Jay Powell’s reaction more important? Simple. Because it outlines what happens next. Had the FOMC been anywhere close to successful in anything other than convincing the media, GFC2 might’ve been a singular instance of disruption related to the non-economic shock of [...]

The Still Chilly Winds of #4

The Federal Reserve added the word “symmetric” to its inflation goal for a reason. Back in May 2018 when it was made official officials made quite a big deal out of it. It was for two reasons, actually, both of them intertwined in the way Economists believe the economic system is supposed to work; and the central bank’s place in [...]

Stay In Touch

Contact