The Core PCE Price Index increased at an annualized rate of 3.5% in January 2025, rising from 2.5% in the previous month.
The real risk in passing an โAudit the Fedโ bill lies in the high likelihood of politicizing monetary policy even more.
โข
Inflation wasnโt transitory, and neither is the blame for it. Powell’s attempt to rewrite history just doesn’t match the data.
Headline inflation rates will almost certainly decline in the coming months, as seasonal distortions fade and monetary policy remains tight.
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
Monetary policy remains tight. We have enough data to see a (hopefully temporary) stall in disinflation. FOMC should keep its target rate at 4.50 to 4.75 percent for now.
The Core PCE Price Index increased at an annualized rate of 3.5% in January 2025, rising from 2.5% in the previous month.
The real risk in passing an โAudit the Fedโ bill lies in the high likelihood of politicizing monetary policy even more.
โข
Inflation wasnโt transitory, and neither is the blame for it. Powell’s attempt to rewrite history just doesn’t match the data.
Headline inflation rates will almost certainly decline in the coming months, as seasonal distortions fade and monetary policy remains tight.
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
Monetary policy remains tight. We have enough data to see a (hopefully temporary) stall in disinflation. FOMC should keep its target rate at 4.50 to 4.75 percent for now.
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