central banking
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A Rare Split at the Fed — and Why It Makes Sense
Both hawks and doves cite major rules to justify their stance. But the division inside the Fed isn’t dysfunction — it’s a sign of officials taking both mandates seriously.
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Remaking the Fed: A Look Back at the Banking Act of 1935
Ninety years later, every Fed decision — from raising rates to curb inflation to cutting them in a downturn — still flows through the framework created in 1935.
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The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
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One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
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Fed Goes Back to Basics with Framework Revisions
The Federal Reserve is scrapping its asymmetric average inflation experiment. Will it help calm markets?
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Trump Plays for All the Federal Reserve Marbles
If President Trump truly gained control of Fed policy, monetary decisions would likely cater to short-term political goals rather than the long-term stability and well-being of citizens.
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Rate of Inflation Cools in July, Case for Rate Cuts Builds
Core inflation rose only modestly, thanks to lower energy costs. Paired with weak job gains, the price trend adds pressure on the Fed to cut rates in September.
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AIER’s Everyday Price Index Notches a Slight 0.10% Gain in July 2025
After a third delay of China tariffs, rising prices, delayed policy effects, and a weakening job market make the Fed’s path to rate cuts uncertain.
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Regime Uncertainty and Market Uncertainty
When political rhetoric or fiscal policies threaten property rights or increase instability, private investors tend to withdraw.
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The Fed’s Triple Mandate Problem: It’s Time to End the Confusion
Central banking as a matter of law conflicts with central banking as a matter of policy.
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•
A Rare Split at the Fed — and Why It Makes Sense
Both hawks and doves cite major rules to justify their stance. But the division inside the Fed isn’t dysfunction — it’s a sign of officials taking both mandates seriously.
-
•
Remaking the Fed: A Look Back at the Banking Act of 1935
Ninety years later, every Fed decision — from raising rates to curb inflation to cutting them in a downturn — still flows through the framework created in 1935.
-
•
The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
-
•
One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
-
•
Fed Goes Back to Basics with Framework Revisions
The Federal Reserve is scrapping its asymmetric average inflation experiment. Will it help calm markets?
-
•
Trump Plays for All the Federal Reserve Marbles
If President Trump truly gained control of Fed policy, monetary decisions would likely cater to short-term political goals rather than the long-term stability and well-being of citizens.
-
•
Rate of Inflation Cools in July, Case for Rate Cuts Builds
Core inflation rose only modestly, thanks to lower energy costs. Paired with weak job gains, the price trend adds pressure on the Fed to cut rates in September.
-
•
AIER’s Everyday Price Index Notches a Slight 0.10% Gain in July 2025
After a third delay of China tariffs, rising prices, delayed policy effects, and a weakening job market make the Fed’s path to rate cuts uncertain.
-
•
Regime Uncertainty and Market Uncertainty
When political rhetoric or fiscal policies threaten property rights or increase instability, private investors tend to withdraw.
-
•
The Fed’s Triple Mandate Problem: It’s Time to End the Confusion
Central banking as a matter of law conflicts with central banking as a matter of policy.