Inflation Now, Inflation 76 Years Ago
In “Want to Understand 2024? Look at 1948“, the New York Times drew some fascinating…
Monetary Policy
Dr. Duru The Federal Reserve Makes It Official: Inflation Is Dead
At the risk of making Inflation Watch a lot less relevant and topical, I am…
Despite the Inflation Celebrations, the Case Against Team Transitory Still Stands
The excitement over a slightly softer than “expected” October inflation print extended from financial markets…
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.…
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…