Federal Reserve
30 pieces tagged “Federal Reserve”, newest first.
Income Is Up, Poverty Is Down, and Inflation Is the Next Target
The GOP has some strong economic news to tout in the weeks ahead of November’s critical midterm elections.
‘Clever Maneuvers’ Don’t Solve Debt
The Federal Reserve will likely raise interest rates soon, which is necessary to tame inflation but will have ripple effects throughout the economy.
Roberts Slaughters the Deep State
The Roberts Supreme Court has given us a frustratingly mixed bag of rulings in the past 24 hours, but one crucial ruling that it got exactly right was Trump v. Slaughter.
Warsh’s Plan to Tame the Fed
The Federal Reserve is dominated by left-wing economists, but new Chairman Kevin Warsh has launched a plan to review and reform the beast.
Kevin Warsh Faces Senate Banking Committee
Donald Trump’s Federal Reserve pick impresses, but his confirmation hang-up is tied to the DOJ’s probe of outgoing Fed Chair Jerome Powell.
SCOTUS Skeptical in Fed Firing Case
Donald Trump is once again testing the limitations of his executive power as the president, and the justices seemed reticent to let it go unchecked.
About That ‘Extraordinary Progress’ Under Biden...
Progress doesn’t necessarily mean going in the right direction, as we can all see in today’s economy.
The Failure of the Federal Reserve
The Democrat-dominated Fed increased the money supply and kept low interest rates, driving inflation to record highs.
Congress Uses ‘Sleight of Hand’ to Pay for Highway Bill
After much debate and considerable delay, the House of Representatives has finally passed a highway funding bill. A big question that delayed the bill’s passage was whether the federal fuel tax would be increased to fully cover planned spending from the highway trust fund. Since it was crafted by the Republican majority that opposed tax increases, the legislation did not increase the tax on gasoline or diesel fuel. Instead, the bill pays for much of the difference between projected expenditures and fuel tax revenues by draining $59 billion from the capital of the Federal Reserve. As the former head of the Congressional budget office Alice Rivlin points out, this is “a new low in budgetary gimmickry.”
The Federal Reserve Parking Lot
Recent commentary by David Stockman, former Reagan Administration budget chief, is timely for investors because it focuses on the Federal Reserve’s internal debate about “policy normalization” in advance of Wednesday’s important Federal Open Market Committee meeting. Stockman argues that the Fed’s desire to raise rates, first, followed by actions to shrink its balance sheet (allowing its debt securities to mature without reinvesting the proceeds) is “putting the cart before the horse” and that the reverse — reducing the balance sheet followed by raising interest rates — is the right path to “normalization.” Stockman has a valid point, but there is potentially much more to the story.