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Vance wants to break the dollar’s global reserve currency status: Why American consumers would pay
A recently resurfaced video of Vice President J.D. Vance has brought renewed attention to his argument that the US dollar’s status as the…
News Release
Fed decides to maintain interest rates during July FOMC meeting: CEI analysis
Today, the Federal Reserve announced it will maintain interest rates, signaling a continued commitment to the fight against inflation. The Fed is remaining…
Blog
Lessons Kevin Warsh can learn from the late Alan Greenspan
Alan Greenspan’s recent passing provides an opportunity to reassess his legacy as Chairman of the Federal Reserve and consider the lessons Kevin Warsh can…
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Blog
Vance wants to break the dollar’s global reserve currency status: Why American consumers would pay
A recently resurfaced video of Vice President J.D. Vance has brought renewed attention to his argument that the US dollar’s status as the…
News Release
Fed decides to maintain interest rates during July FOMC meeting: CEI analysis
Today, the Federal Reserve announced it will maintain interest rates, signaling a continued commitment to the fight against inflation. The Fed is remaining…
Blog
Lessons Kevin Warsh can learn from the late Alan Greenspan
Alan Greenspan’s recent passing provides an opportunity to reassess his legacy as Chairman of the Federal Reserve and consider the lessons Kevin Warsh can…
Blog
Before reform comes review: What Warsh’s task forces could mean for the Fed
Major institutional reforms rarely begin with sweeping policy changes. More often, they begin with a willingness to reexamine long-standing assumptions. That is what makes…
Reason
Monetary policy analyst Steve Swedberg is cited in Reason regarding the decision to cap credit card fees. Arguments back and forth convinced…
Blog
Remembering Alan Greenspan
Alan Greenspan passed away this week. National Review was kind enough to run my remembrance of him: There…
Washington Times
Twenty-Six jurisdictions to hike minimum wage next month
Sean Higgins was quoted in the Washington Times regarding the minimum wage debate. Sean Higgins, an analyst at the libertarian Competitive Enterprise…
The Washington Examiner
Warsh faces similar trap to the one that led to huge inflation in 2022
CEI senior economist Ryan Young is cited by the Washington Examiner on the inflation rate. The problem for Warsh is that former Fed…
Washington Times
Inflation rises again, driven by energy costs amid Iran war
The Washington Times cites Finance and Monetary Policy Analyst Steve Swedberg on inflation and rising costs: “The economic data provide little support for…
News Release
Inflation still stubbornly high in May, future rate increase growing more likely: CEI analysis
The Consumer Price Index report for May shows inflation rose 0.5 percent across all sectors, with energy continuing to be a major factor…
Washington Examiner
Fed and Warsh under increasing pressure to keep rates higher, thanks to labor market strength
CEI senior economist Ryan Young gave comment to the Washington Examiner regarding price stability. Ryan Young, senior economist at the Competitive Enterprise…
Blog
Less discretion, more discipline: Three focus areas for Warsh at the Fed
New Federal Reserve Chair Kevin Warsh should focus on three dimensions of reform: how the Fed makes decisions, the size of its market footprint,…
Blog
The limits of balance sheet runoff at the Fed
At his confirmation hearing last week, Kevin Warsh called for a smaller Federal Reserve balance sheet. This statement revives debate over how the…
News Release
Fed keeps a hold on interest rates for now, debate on balance sheet a highlight for next Fed Chair-hopeful Warsh: CEI analysis
The Federal Reserve has decided to keep interest rates steady, aligning with economists’ and financial analysts’ predictions. With the Senate Banking Committee voting…
Blog
A quantitative easing hangover has the Fed in a balance sheet trap
As Kevin Warsh undergoes the Fed Chair confirmation process, debate has returned to the Federal Reserve’s balance sheet and how it should be managed…
Blog
Quantitative easing and the Fed’s free lunch problem
As Kevin Warsh undergoes his confirmation process for Fed Chair, one of the most consequential yet least straightforward issues in modern monetary policy is…
News Release
Fed Chair nominee Warsh has mixed signals in Senate hearing
Kevin Warsh’s confirmation hearing for Federal Reserve Chair in the Senate today prompted questions about future Fed policies. While his testimony had promising signals,…
Blog
Forward guidance is not a crystal ball: A case for rules-based monetary policy
Throughout history, the urge to predict the future has been hard to resist. The Federal Reserve is not immune to such temptation. In recent…
Blog
From lifeline to lifestyle: How quantitative easing became the Fed’s default setting
The nomination of Kevin Warsh has renewed scrutiny of the Federal Reserve’s expanding role in the economy. One of the most consequential shifts in…
Blog
Dual mandate, dual headache: Why the Fed should focus on price stability
With Kevin Warsh set to appear before the Senate for his Fed confirmation hearing, the question of his monetary priorities is taking center stage.
Blog
Questions Kevin Warsh needs to answer if he is to become the next Fed Chair
A new CEI paper out today by John Berlau, Ryan Young, and myself offers some questions that Federal Reserve Chair nominee Kevin Warsh…
Study
Questions for Kevin Warsh
Kevin Warsh is President Trump’s choice to succeed Jerome Powell as the Chair of the Board of Governors of the Federal Reserve System. Warsh’s…
Blog
Trump EO on crypto reserves rightly eschews government purchases
After much anticipation, President Donald Trump’s newly issued executive order (EO) on a “Strategic Bitcoin Reserve” and “digital asset stockpile” does not call…
Blog
Jerome Powell risks the Fed’s gains against inflation
The big story from today’s Federal Reserve decision isn’t that interest rates are staying the same. It’s that the dual mandate is back.
The Federalist
It’s Time For Congress To Take Out America’s Regulatory Trash
The Federalist cites CEI on yearly regulations: According to the Competitive Enterprise Institute (CEI), 2019 was the only year on record…
Blog
There is no such thing as a free lunch, especially under MMT.
Modern Monetary Theory (MMT) has emerged in recent years as a highly-debated economic concept, challenging traditional views on national debt and money. MMT is…
Blog
A rule for the Fed
The Washington Examiner is running a series of pieces on policies the next administration should pursue. My contribution details a way to contain…
Blog
Fed flirts with stimulus
As expected, the Federal Reserve signaled its commitment to fighting inflation by holding interest rates steady at this week’s Federal Open Market Committee meeting.
Blog
Weak GDP is first stress test for inflation fighters
I have been saying for a while that inflation expectations will remain high until policymakers prove they can restrain their stimulus spending during an…
Blog
February inflation stays high, fiscal credibility remains a problem
Headline CPI inflation numbers sped up in February. Monthly inflation increased 0.3 percent in January, and 0.4 percent in February. Year-to-year inflation is…
News Release
January’s inflationary numbers higher than most realize: CEI analysis
The Consumer Price Index numbers for January reportedly rose 0.3 percent compared to the month before, but CEI’s senior economist Ryan Young explains…
Washington Examiner
White House pushes ‘shrinkflation’ messaging to assign blame to corporations
CEI’s Ryan Young is cited on the Washington Examiner: “Shrinkflation is real, but it’s not a partisan issue. Shrinkflation is part of the…
Blog
Federal Reserve to cut interest rates next year?
As expected, the Federal Reserve kept the federal funds rate the same this week, which influences other interest rates, including car and mortgage payments.
Blog
Inflation holds steady, Fed interest rates likely to stay put
The Consumer Price Index went up 0.1 percent in the month of November. Its 12-month increase is 3.1 percent, same as last month’s…
Blog
Inflation makes regulations even more expensive
The just-released 2023 edition of Wayne Crews’ Ten Thousand Commandments report estimates that the total cost of complying with all federal regulations is…
Econlib
Seeking an Explanation for the Stagnation
This is the second of two posts I am writing in reaction to Adam Martin, who wrote two responses to my essay about ways in…
Blog
August CPI: Rising energy prices hide underlying inflation progress
This month’s Consumer Price Index (CPI) is a jumble of numbers that look like they contradict each other. But they make sense on…
Blog
Foreign currency manipulation is a red herring
Trade policy is finding its way back into the spotlight thanks to the 2024 election campaign. Both the Biden administration and GOP…
Blog
No taming inflation without an independent Fed
Federal Reserve chairman Jerome Powell recently testified before Congress for the semi-annual Monetary Policy Report. The Fed has been under fire from both…
Blog
Fed Chair Powell hearing: more to do on inflation
At his semiannual congressional testimony this week, Federal Reserve Chairman Powell hinted that the Fed likely is not done raising interest rates. This…
Blog
The Many Harms of Unlimited Deposit Insurance
Unlimited deposit insurance – the government guaranteeing that bank accounts of any size be made whole-in the event of a bank failure – would…
Blog
Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue…
Bloomberg
Biden Vows to Hold Banks Accountable, Urges Stronger Rules (2)
John Berlau, director of finance policy at the Competitive Enterprise Institute, said “prudent banks suffering the fallout from SVB should…
Blog
House Financial Services Committee Leans on SEC’s Gensler for More Transparency
House Financial Services Committee Leans on SEC’s Gensler for More Transparency Republicans on the House Financial Services Committee and some allies in the…
Politico
Three names Biden is circling for Fed Vice Chair
ON BLAST — Former FTC Chair Timothy Muris and Bruce Kobayashi, who served as director of the commission’s bureau of economics during the Trump administration,…
Blog
Mixed Inflation News for January
Today’s inflation news is mixed. We’re still almost certainly past the worst of the COVID inflation, but January’s numbers took a turn for…
Washington Examiner
Republicans can use the debt ceiling fight to better prepare Americans for the next economic crisis
On the outside chance that House Republicans are able to wrangle President Joe Biden into cutting federal spending to set a new…
Real Clear Investigations
The Left’s Little Financial Engine That Could (Change the World Radically)
Richard Morrison, senior fellow at the conservative Competitive Enterprise Institute, said Amalgamated can, at a minimum, “serve as an example for other managers and…
Blog
State of the Union and Inflation
Presidents, like quarterbacks, get too much blame when things go badly, and too much when things go well. Look for President Biden to take…
Crowd Fund Insider
House Subcommittee on Financial Institutions Schedules Hearing to Discuss Banking and Need to Update Regulations in Line with Emerging Technology
CEI’s John Berlau is cited on Crowd Fund Insider on banking regulations: The House Subcommittee on Financial Institutions and Monetary Policy, part of…