Stubborn Inflation and Excess Demand Spook the Bank of Canada
In its April decision on monetary policy, the Bank of Canada (BoC) outlined a case…
Economy
Dr. Duru Fed’s Bostic: Still Comfortable Leaning Into Tight Labor Markets
I have argued for a while that as long as the labor market remains tight…
Reserve Bank of Australia Revives the Ghost of Inflation Past
After the Reserve Bank of Australia (RBA) decided to leave its interest rates unchanged last…
Don’t Blame the Fed: The Fed Gives Us What We Want
The Fed’s risk management strategy was ostensibly designed to keep pushing rates higher until the…
An Inflation Downtrend Quickly Evaporates
Some inflation analysts have enthusiastically contorted the inflation data to dismiss today’s inflation problem and/or…
Kashkari Acknowledges the Fed’s Inflation Miss. Will the Fed Catch Easing Financial Conditions?
At the beginning of the year, Neel Kashkari, President of the Minneapolis Federal Reserve, wrote…
Bullard Ready to Declare Partial Victory Over Inflation
James Bullard, President and CEO of the St. Louis Federal Reserve, delivered a speech today…
On Marketplace, El-Erian Describes the Cost of A Late Start to Fighting Inflation
Mohamed El-Erian earned kudos on these pages when he pushed against 2021’s conventional wisdom of…
Lennar Corporation: How the Fed Is Cooling Inflation In the Housing Market
Plenty of evidence exists that the Federal Reserve’s fight against inflation is working. Home builder…
Median CPI May Be A Window on Fed’s Inflation Caution
Last week, the Federal Reserve disappointed markets once again with its refusal to acknowledge the…