Estimated Reading Time: 3 minutes
After neglecting to address inflation throughout 2021 and into 2022, the Federal Reserve has now raised its interest rate targets 10 consecutive times, to the highest level since 2007. At his press conference to announce the change, Fed Chair Jerome Powell emphasized the Fed’s priority of reducing inflation and stressed that the Fed will maintain […]
Estimated Reading Time: 3 minutes
Federal Reserve Chair Jerome Powell recently testified before Congress on the current state of the US economy. In addition to monetary policy, Powell was questioned about the Fed’s regulatory proposals regarding cryptocurrencies and climate-related financial risks. Barely mentioned, however, was the Fed’s balance sheet. The Fed has experienced significant operating losses over the last six […]
Estimated Reading Time: 4 minutes
Economic research shows that monetary policy works best when conducted by an independent central bank. After Fed chairs in the 1960s and ‘70s caved to pressure from American Presidents, those who followed sought, at least to some degree, to reestablish the Fed’s independence. Until now, that is. Since 2019, the Fed has politicized its activities […]
Estimated Reading Time: 3 minutes
The U.S. government is constantly expanding its influence on the economy, including the monetary system. With inflation on the rise, political tensions high and congressional dysfunction in Washington, D.C., what should we expect from our central bankers and monetary institutions? How can we get monetary policies that will benefit ordinary Americans? A new book tackles […]