โข
The Fed pays banks billions more in interest than it earns on assets. Could a floor system save the central bank from future losses?
โข
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.
โข
If we must tolerate government control of currency, we should emulate Hans Luther’s fearless defiance of political pressure.
โข
Kevin Warsh’s debut Fed meeting brought no rate change but plenty of institutional change. The new chairman appears eager to rethink how the Fed operates.
โข
Trump’s new USMCA proposal acknowledges the limits of onshoring. Tariffs can’t undo global supply chains; they’re a consumption tax paid by American families.
โข
Continued inflation, hawkish regional bank presidents, and 11 of 12 monetaryย policy rules suggest the Fed should raise rates. The price of the Fed’s “patience” could be paid economy wide.
โข
Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.
โข
AIER’s cost index rose sharply in May amid higher energy costs, while softer core inflation suggested consumers are becoming more price-sensitive.
โข
The sport built by the working class has become a luxury product through the slow, compounding arithmetic of central bank inflation.
โข
A Congress that routinely misses budget deadlines and adds to an unsustainable debt burden should not expect automatic raises with no accountability.
โข
The Fed pays banks billions more in interest than it earns on assets. Could a floor system save the central bank from future losses?
โข
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.
โข
If we must tolerate government control of currency, we should emulate Hans Luther’s fearless defiance of political pressure.
โข
Kevin Warsh’s debut Fed meeting brought no rate change but plenty of institutional change. The new chairman appears eager to rethink how the Fed operates.
โข
Trump’s new USMCA proposal acknowledges the limits of onshoring. Tariffs can’t undo global supply chains; they’re a consumption tax paid by American families.
โข
Continued inflation, hawkish regional bank presidents, and 11 of 12 monetaryย policy rules suggest the Fed should raise rates. The price of the Fed’s “patience” could be paid economy wide.
โข
Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.
โข
AIER’s cost index rose sharply in May amid higher energy costs, while softer core inflation suggested consumers are becoming more price-sensitive.
โข
The sport built by the working class has become a luxury product through the slow, compounding arithmetic of central bank inflation.
โข
A Congress that routinely misses budget deadlines and adds to an unsustainable debt burden should not expect automatic raises with no accountability.
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