โข
Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability.
The Federal Reserve is scrapping its asymmetric average inflation experiment. Will it help calm markets?
โข
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.
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
June’s inflation is a seasonal housing spike in disguise. Data suggest monetary policy is slightly tight.
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
Central banking as a matter of law conflicts with central banking as a matter of policy.
โข
The Bank of Japan has absorbed half that country’s national debt, creating huge liabilities and leaving the nation at a monetary fork in the road.
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
โข
Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability.
The Federal Reserve is scrapping its asymmetric average inflation experiment. Will it help calm markets?
โข
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.
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
June’s inflation is a seasonal housing spike in disguise. Data suggest monetary policy is slightly tight.
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
Central banking as a matter of law conflicts with central banking as a matter of policy.
โข
The Bank of Japan has absorbed half that country’s national debt, creating huge liabilities and leaving the nation at a monetary fork in the road.
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
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