If worried about inflation above target, why slow down tightening by reducing the runoff from Fed’s portfolio? Seems like a concession to those who want lower rates without actually going for the rate cut. federalreserve.gov/newsevents/pre…

Good article on current situation facing Fed policymakers by Rachel Siegel ⁦Rachel Leah Siegel⁩
Fed interest rate cuts likely to be pushed back amid high inflation - The Washington Post washingtonpost.com/business/2024/…

This is pretty definitive by @stevematthews12 so maybe we have a new Fed whisperer after ⁦Nick Timiraos⁩ bloomberg.com/news/articles/…

The dollar’s strength is sending ripples through global markets wsj.com/finance/curren… via The Wall Street Journal

What a lousy international monetary (non)system exists in the world today. “The decline of the yen shows the huge impact U.S. interest rates can have on foreign currencies. Although very few traders think the Federal Reserve is going to raise interest rates this year, they do

A really superb essay by Jeff Sommer ⁦jeff sommer⁩ on the psychic cost of an undependable dollar. nytimes.com/2024/04/26/bus…

This editorial from Seth Lipsky at the The New York Sun is pure brilliance. Rings with courage and clarity—a bold and welcome response to a poorly-sourced article that has unleashed hair-on-fire responses from people who should know better. nysun.com/article/the-fe…

What Ails America?
Judy Shelton has coined it 'Stimflation'
foxbusiness.com/video/63517549…

Talking with Charles V Payne is a pleasure. He is always on top of these market developments related to Fed anxiety over “dueling” mandates: GDP report revealing growth is slower than expected was a ‘shock’ to investors: Judy Shelton foxbusiness.com/video/63517549… #FoxBusiness

Some very good points presented by Greg Ip in this article, including his observation: “Textbooks predict that a combination of tight monetary and loose fiscal policy will suck in capital from overseas and drive up the dollar.” wsj.com/economy/global…

Noting that “nearly two-thirds of voters are worried that rates will stay high if Mr. Biden wins re-election,” ⁦Jeanna Smialek⁩ reveals her own views on whether the Fed takes political elements into consideration in its monetary policy decisions. nytimes.com/2024/04/24/us/…

The answer to the title of this article⁩ is: Yes. And with regard to the sub-title, my response is: Not this economist. Help yourself to reader-available article below and see where you come down. economist.com/finance-and-ec…

Today on FOX Business around 2:25pm, I will be talking with the great Charles V Payne about the Fed’s predicament. How does profligate fiscal policy complicate the Fed’s approach to fighting inflation?

Great editorial from the Wall Street Journal Opinion pages explains how paying people not to work exacerbates the impact of fiscal transfers on inflation. Why didn’t we draw the right lessons from the Covid experience? wsj.com/articles/bigge…

The Latest Plan to Exacerbate California’s Housing Crisis - WSJ
Excellent analysis from Lawrence McQuillan ⁦⁦Lawrence McQuillan⁩ ⁦Independent Institute⁩ @marytheroux1 on the short-sightedness of progressive solutions to housing.

wsj.com/articles/the-l… wsj.com/articles/the-l…

Really…? Does the Fed really need to know what color the CEO of your organization happens to be? Dare to take the “survey” and ask why the Fed is catering to this woke agenda.

Thanks Independent Institute for highlighting my commentary in the Wall Street Journal Wall Street Journal Opinion questioning the Fed’s model for determining its monetary policy decisions. Seems odd to me that nothing panned out as Fed officials anticipated—with its “restrictive rates” not exactly

This looks like a fantastic conference—impressive agenda and speakers Lawrence H. White totocaputo Emilio Ocampo 🇦🇷🇺🇦 Roberto Salinas León Martin Krause Gonzalo Schwarz Diana Mondino Rosa María Payá A. Álvaro Vargas Llosa MaryAnastasiaO'Grady not to mention the man himself Javier Milei So many people I

Excellent analysis with alarming implications from Jim Bianco Jim Bianco

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