The Fed’s Favorite Inflation Measure Leapfrogs the CPI
The Personal Income and Outlays for December, 2025 from the Bureau of Economic Analysis (BEA)…
Federal Reserve
Dr. Duru San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Mary C. Daly, President of the San Francisco Federal Reserve, recently visited San Jose State…
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
In “Lessons from the Fed Minutes: Why Division and Dissension Are Likely to Dominate Monetary…
Lessons from the Fed Minutes: Why Division and Dissension Are Likely to Dominate Monetary Policy in 2026
Why the Fed Minutes Matter More Than the Press Conference With so much dissension and…
Powell Balks At the Next Step of Hopeful Monetary Policy
When Powell announced the resumption of easing monetary policy, he said the balance of economic…
October Beige Book Includes Signs of Higher Price Pressures in 2026
I have taken a greater interest in the Beige Book because the Federal Reserve has…
Financing Costs Do Not Impact Calculated Inflation
The August inflation report (CPI) came in as “expected” but still hot and sticky and…
August Beige Book Points Toward Higher Inflation to Come
The Federal Reserve’s August Beige Book sang a tune similar to the song from the…
Powell Places His First Step On the Stairs Of Hopeful Monetary Policy
The current adventures in monetary policy take me back to the early pandemic times when…
July Beige Book Reinforces A Bottoming in CPI
The Federal Reserve’s July Beige Book sang a tune similar to the one from the…