Archive for the ‘Federal Reserve’ Category

A few links: eroding norms and the limits of presidents re the economy

August 2nd, 2017

I’ve had a couple of WaPo posts out to which I’ve been meaning to link. This first one, on the warp speed of norm erosion in the Trump era, has the interesting feature that its shelf life was vastly shortened by the Mooch getting the bootch later in the very day I posted. Of course,… Read more

Fed holds steady, and for now, the dollar is helping with inflation.

July 26th, 2017

The Federal Reserve’s interest-rate-setting committee just wrapped up their meeting and as predicted, announced that they’ll hold rates steady. Markets were interested in any guidance on when the central bank would start slowly unwinding its balance sheet, to which the Fed’s statement said, “relatively soon.” So, not a lot to see here folks…move along. Yet… Read more

How R’s on the House Finance Committee want to go after the Fed’s independence, and why that’s a terrible idea.

July 20th, 2017

I testified this AM at the House Finance subcommittee on monetary and fiscal policy. Three R witnesses and yours truly, so I didn’t get to say all I wanted—after all, monetary and fiscal covers a lot of ground! So, why else have a blog if I can’t use it to post the stuff I didn’t have… Read more