Sound Money Project
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Warsh or Not, The Fed’s Next Chair Will Inherit Too Much Power
“Emergency” powers, half a trillion in daily liquidity, and ever-expanding authority create far too much discretion for one individual.
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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.
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The Fed Should Hold Steady in January
Cutting rates further risks overstimulating demand, when inflation remains stubbornly above the Fed’s two-percent target.
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The Powell Affair and the Limits of The Fed’s Immunity
The DOJ’s investigation is ugly politics, but we might welcome a test of whether central bankers are subject to the same oversight as everyone else.
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Is Crypto Just a Meme Coin Casino?
While there is certainly speculation in cryptocurrencies, as in all financial markets, the cryptocurrency industry is more than meme coins.
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The Regulatory Pendulum: Why Financial Rules Keep Missing the Mark
Until policymakers accept that financial regulation shifts risk rather than eliminates it, we will keep cycling through crisis, overreaction, unintended consequences, and the next crisis.
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Dallas Fed President: It’s Time to Replace the Fed’s Interest Rate Target
Reducing the Fed’s role in the financial system would be a step in the right direction.
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Inflation Retreats from Late-Summer Highs, Nears Fed Target
Headline and core inflation both cooled over the past two months, led by softening energy costs. Missing data complicates projections.
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The Fed Cut Rates Again–What Else Is New?
Powell’s remarks highlighted the inherent difficulty of balancing inflation and employment under the Fed’s current dual mandate.
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•
Warsh or Not, The Fed’s Next Chair Will Inherit Too Much Power
“Emergency” powers, half a trillion in daily liquidity, and ever-expanding authority create far too much discretion for one individual.
-
•
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.
-
•
The Fed Should Hold Steady in January
Cutting rates further risks overstimulating demand, when inflation remains stubbornly above the Fed’s two-percent target.
-
•
The Powell Affair and the Limits of The Fed’s Immunity
The DOJ’s investigation is ugly politics, but we might welcome a test of whether central bankers are subject to the same oversight as everyone else.
-
•
Is Crypto Just a Meme Coin Casino?
While there is certainly speculation in cryptocurrencies, as in all financial markets, the cryptocurrency industry is more than meme coins.
-
•
The Regulatory Pendulum: Why Financial Rules Keep Missing the Mark
Until policymakers accept that financial regulation shifts risk rather than eliminates it, we will keep cycling through crisis, overreaction, unintended consequences, and the next crisis.
-
•
Dallas Fed President: It’s Time to Replace the Fed’s Interest Rate Target
Reducing the Fed’s role in the financial system would be a step in the right direction.
-
•
Inflation Retreats from Late-Summer Highs, Nears Fed Target
Headline and core inflation both cooled over the past two months, led by softening energy costs. Missing data complicates projections.
-
•
The Fed Cut Rates Again–What Else Is New?
Powell’s remarks highlighted the inherent difficulty of balancing inflation and employment under the Fed’s current dual mandate.