Tag Archives: jerome powell
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
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
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading
Be Careful What You Wish For
If foreign investors reduce their holdings of U.S. Treasuries, then who will pick up the slack? If foreign central banks are not buying Treasuries, how will the government finance its debt? Continue reading
