During the Obama Administration, the Federal Reserve Board held interest rates close to zero for seven years. The economy stagnated. But now, with the benchmark federal funds rate at 2.25%…
The Real World Standard
Last week, we wrote about the “Professor Standard” for Federal Serve Board appointments. Today, we look at efforts to change that standard. Former presidential candidate Herman Cain and Stephen Moore,…
The Fed’s “Professor Standard” Flunking Out
The Federal Reserve Board’s academic approach to managing the economy has been flunking out. Some are making the argument that the Federal Reserve Board could use a fresh perspective –…