Monthly Archives: August 2025
How Fed Dependence on Bogus Data Invites Disaster
Numbers may seem like hard facts. But they are rigorously flexible in the right hands. The game often involves framing. Politicians and bureaucrats are masters of it. Continue reading
Posted in Economy, MN Gordon
Tagged bureau of labor statistics, erika mcentarfer, fake data, jerome powell, you're fired
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Powell Holds the Line
This week, as expected, Powell and the Federal Open Market Committee (FOMC), held the federal funds rate at a target range of 4.25 to 4.5 percent. Of note, two members of the FOMC dissented from the majority decision. Continue reading
Posted in Inflation, MN Gordon
Tagged federal funds rate, fomc meeting, jack ma, jerome powell, president donald trump
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