Why the Excitement? A Q&A on Monetary Policy with Generative AI
I left last week’s Federal Reserve conference call with the impression that nothing had changed.…
Monetary Policy
Dr. Duru What Powell Missed In His Jackson Hole Speech Explaining Inflation’s Drivers
Federal Reserve Chair Jerome Powell included a neat and tidy explanation of the drivers of…
Base Effects Add to the Bank of Canada’s Inflation Concerns
Last month, the Bank of Canada worried about inflation staying more persistent than expected and…
Why Monetary Policy Was Late In Responding to the Pandemic-Era Inflation Surge
Validation That Monetary Policy Was Overly Accommodative for Too Long When the Federal Reserve changed…
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…
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…
A Golden Inflation Conundrum
Last week, SPDR Gold Shares (GLD) rallied on weak inflation news and pulled back on…
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…
Did Alan Blinder Suggest the Fed Should Have Done Nothing About Inflation?
The Claim Former Fed Governor and current Princeton Economics professor, Alan S. Blinder wrote an…
Bullard Ready to Declare Partial Victory Over Inflation
James Bullard, President and CEO of the St. Louis Federal Reserve, delivered a speech today…