Monetary Economics
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Why Gold Continues to Buck Trends and Outperform Stocks
Geopolitical tensions and the global financial system have changed dramatically since 2000. Markets rise and fall; what’s propelling gold?
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The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
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Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
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The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
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How Concerning Are the February Jobs Numbers?
Slow job growth is expected when we remain near full employment and the working-age population is growing slowly.
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Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.
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Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
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What Makes a Good Federal Reserve Chair? It Depends on Independence
When political pressure threatens independence, the chair’s character matters more than technical competence.
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Will Republicans Fall for Inflationary Populism?
There is no durable prosperity built on cheap money and political shortcuts, and no political upside to unleashing the next inflation spike.
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•
The Fed Takes a Wait-and-See Approach
Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability.
-
•
Why Gold Continues to Buck Trends and Outperform Stocks
Geopolitical tensions and the global financial system have changed dramatically since 2000. Markets rise and fall; what’s propelling gold?
-
•
The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
-
•
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
-
•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
How Concerning Are the February Jobs Numbers?
Slow job growth is expected when we remain near full employment and the working-age population is growing slowly.
-
•
Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.
-
•
Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
-
•
What Makes a Good Federal Reserve Chair? It Depends on Independence
When political pressure threatens independence, the chair’s character matters more than technical competence.
-
•
Will Republicans Fall for Inflationary Populism?
There is no durable prosperity built on cheap money and political shortcuts, and no political upside to unleashing the next inflation spike.
-
•
The Fed Takes a Wait-and-See Approach
Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability.