There’s some irony to the unprecedented bond-buying that central banks used to overcome the financial crisis The cause of the crisis, you may recall, was caused by an overheated market…
Powell Appointment Could Mean Less Regulation
If Congress approves President Trump’s choice of Jerome H. Powell as chair of the Federal Reserve Board, it could mean more of the same. But maybe not. As The Wall…
Fed Report Shows Income Inequality Increasing
The Federal Reserve Board, which has done more than anyone in history to increase income inequality, has just issued a new report on income inequality. That the inequality gap is…
The Incredible Shrinking Fed
Four little Fed governors, keeping markets free, …
Gold Can Be Fickle
“Nobody really understands gold prices, and I don’t pretend to understand them either.” …
The Peter Pan Economy
Lowering interest rates is not necessarily a bad thing. It can make borrowing cheaper, which – at least in theory – will stimulate business investment. It can weaken the dollar,…
The Fed’s Abnormalization Plan
The Federal Reserve Board has issued an addendum to its “Policy Normalization Principles and Plans” for reducing its bulked up $4.5 trillion portfolio, but there’s nothing normal about unloading $4.5…
The Fed Thinks Higher Prices Are Good For You
The Federal Reserve Board’s quantitative easing program was an unprecedented monetary experiment that dumped trillions of dollars of new money into the economy. Historically, adding that much money to the…
All You Gotta Do Is Act Naturally
The U.S. Supreme Court isn’t the only influential government entity that President Trump will have an opportunity to make his mark on. The Federal Reserve Board will likewise bear the…
The Good, the Bad and the Ugly
For the past eight years, the Federal Reserve Board has been the primary force behind the U.S. economy. That hasn’t worked out so well. Now President Trump is in charge…