Central Banking
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May’s Inflation Is More Than an Energy Story
Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.
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AIER’s Everyday Price Index Rises Again as Energy Shock Fuels Inflation
AIER’s cost index rose sharply in May amid higher energy costs, while softer core inflation suggested consumers are becoming more price-sensitive.
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Excess Spending Keeps Inflation Above Target in April
Supply shocks alone cannot explain higher prices. Excessive spending is to blame — and policymakers have failed to connect the dots.
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Memorial Day and Remote War: Has Our Nation Lost Its Capacity to Mourn?
Americans now experience war more as an economic abstraction than a human catastrophe. Amid endless debt-financed conflict, have we forgotten war’s tragic cost?
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Warsh Inherits a Fed Caught Between Inflation and Trump
Kevin Warsh enters the Fed chairmanship facing sticky inflation, rising energy costs, and strong consumer demand. Prompt action may help avoid politically explosive rate hikes.
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Jerome Powell’s Mixed Legacy: Successes and Shortcomings at the Fed
Tributes say he engineered a soft landing, but critics note delayed responses to inflation and a troubling expansion of the Fed’s political footprint.
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Headline Inflation Cooled in April, but Core Pressures Picked Up
April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
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Was the American Revolution Really a War Over Money?
A sweeping new book portrays the Revolution as a struggle over competing monetary systems, rather than political liberty alone.
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Energy Price Hikes Only Exacerbate Persistent Inflation Problem
Oil price spikes matter, but the evidence points to excess nominal spending as the primary source of sustained inflation.
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Powell Exits a Fed Fractured by Inflation Debate
As the Fed prepares for a new chair, the FOMC’s disagreement isn’t the timing of rate changes, but fundamentally different views about what causes inflation.
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•
May’s Inflation Is More Than an Energy Story
Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.
-
•
AIER’s Everyday Price Index Rises Again as Energy Shock Fuels Inflation
AIER’s cost index rose sharply in May amid higher energy costs, while softer core inflation suggested consumers are becoming more price-sensitive.
-
•
Excess Spending Keeps Inflation Above Target in April
Supply shocks alone cannot explain higher prices. Excessive spending is to blame — and policymakers have failed to connect the dots.
-
•
Memorial Day and Remote War: Has Our Nation Lost Its Capacity to Mourn?
Americans now experience war more as an economic abstraction than a human catastrophe. Amid endless debt-financed conflict, have we forgotten war’s tragic cost?
-
•
Warsh Inherits a Fed Caught Between Inflation and Trump
Kevin Warsh enters the Fed chairmanship facing sticky inflation, rising energy costs, and strong consumer demand. Prompt action may help avoid politically explosive rate hikes.
-
•
Jerome Powell’s Mixed Legacy: Successes and Shortcomings at the Fed
Tributes say he engineered a soft landing, but critics note delayed responses to inflation and a troubling expansion of the Fed’s political footprint.
-
•
Headline Inflation Cooled in April, but Core Pressures Picked Up
April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
-
•
Was the American Revolution Really a War Over Money?
A sweeping new book portrays the Revolution as a struggle over competing monetary systems, rather than political liberty alone.
-
•
Energy Price Hikes Only Exacerbate Persistent Inflation Problem
Oil price spikes matter, but the evidence points to excess nominal spending as the primary source of sustained inflation.
-
•
Powell Exits a Fed Fractured by Inflation Debate
As the Fed prepares for a new chair, the FOMC’s disagreement isn’t the timing of rate changes, but fundamentally different views about what causes inflation.