Monetary Policy
-
•
How To Be Accidentally Right, Central Banking Style
“Money is broken, and while these activists might not be able to explain how, they’re not wrong in pointing their fingers at the monetary authority at the center of it all.” ~Joakim Book
-
•
Fed Continues to Signal Another Rate Hike
“If core inflation is more or less on track, why are most FOMC members projecting another rate hike?” ~William J. Luther
-
•
Is Dollarization a Mirage?
“Dollarization would serve as a firewall, protecting the private sector from the fiscal policy fallout.” ~Nicolas Cachanosky
-
•
David Malpass on Inflation and Slow Growth
“If we try to push supply-side economics as an inflation-reduction strategy, we’re setting ourselves up for failure by banking on a problem that’s largely solved.” ~ Alexander W. Salter
-
•
Don’t Panic over the Latest Inflation Numbers
“To put it plainly, monetary policy is already tight enough. The Fed’s job now is to stay the course.” ~ Alexander W. Salter
-
•
Without Rules, the Fed Rules
“Committing to a rule significantly lowers the cost of evaluating Fed policy. And lowering the cost of evaluating Fed policy could make it very clear to a great many people that the Fed is up to no good.” ~ Alexander W. Salter
-
•
What’s the Harm in Raising the Inflation Target?
“In addition to increasing workers’ real tax burden, raising the inflation target reduces workers’ real wages by reducing the demand for their labor services.” ~ Bryan Cutsinger
-
•
Monetary Policy Remains Sufficiently Tight
“There’s no returning to the pre-pandemic trend for the price level. We’re left with permanently higher prices. Hopefully, the Fed continues to bring inflation down gradually.” ~ Alexander W. Salter
-
•
The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
-
•
Why Are Mortgage Rates So High?
“Interest rates on mortgages were 2.66 percent just two and a half years ago. Why the sudden increase in rates? The Federal Reserve increased the money supply and generated the worst inflation in many years.” ~ Gerald P. Dwyer
-
•
How To Be Accidentally Right, Central Banking Style
“Money is broken, and while these activists might not be able to explain how, they’re not wrong in pointing their fingers at the monetary authority at the center of it all.” ~Joakim Book
-
•
Fed Continues to Signal Another Rate Hike
“If core inflation is more or less on track, why are most FOMC members projecting another rate hike?” ~William J. Luther
-
•
Is Dollarization a Mirage?
“Dollarization would serve as a firewall, protecting the private sector from the fiscal policy fallout.” ~Nicolas Cachanosky
-
•
David Malpass on Inflation and Slow Growth
“If we try to push supply-side economics as an inflation-reduction strategy, we’re setting ourselves up for failure by banking on a problem that’s largely solved.” ~ Alexander W. Salter
-
•
Don’t Panic over the Latest Inflation Numbers
“To put it plainly, monetary policy is already tight enough. The Fed’s job now is to stay the course.” ~ Alexander W. Salter
-
•
Without Rules, the Fed Rules
“Committing to a rule significantly lowers the cost of evaluating Fed policy. And lowering the cost of evaluating Fed policy could make it very clear to a great many people that the Fed is up to no good.” ~ Alexander W. Salter
-
•
What’s the Harm in Raising the Inflation Target?
“In addition to increasing workers’ real tax burden, raising the inflation target reduces workers’ real wages by reducing the demand for their labor services.” ~ Bryan Cutsinger
-
•
Monetary Policy Remains Sufficiently Tight
“There’s no returning to the pre-pandemic trend for the price level. We’re left with permanently higher prices. Hopefully, the Fed continues to bring inflation down gradually.” ~ Alexander W. Salter
-
•
The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
-
•
Why Are Mortgage Rates So High?
“Interest rates on mortgages were 2.66 percent just two and a half years ago. Why the sudden increase in rates? The Federal Reserve increased the money supply and generated the worst inflation in many years.” ~ Gerald P. Dwyer