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Why can’t we just print more money?
Last week, I attended an event at a think tank where the conversation centered on the federal budget and national debt. At one…
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Are stablecoins already delivering what CBDCs promise?
Many proposals for a central bank digital currency (CBDC), a digital form of the US dollar issued by the Federal Reserve, have circulated…
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Why the 5 percent Treasury bond interest rate matters
The recent rise of the 10-year Treasury yield to 5 percent has set off alarm bells among economists, policymakers, and investors. While the…
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Troubling Inflation News: Core PCE Increases 0.6 Percent
The Federal Reserve’s preferred inflation indicator, Personal Consumption Expenditures (PCE), was updated this morning with August’s numbers. PCE measures inflation more accurately than…
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Fed Raises Federal Funds Rate
As expected, the Federal Reserve raised the federal funds rate by 75 basis points as part of its inflation-fighting efforts. Its target range…
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Mixed News on CPI: Headline Rate Improves, Core Rate Accelerates
The Consumer Price Index (CPI) for August is out. It increased 8.3 percent over the last year, down from 8.5 percent in July.
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Fed Chairman Powell’s Remarks at Cato Monetary Conference
Every year, our friends at the Cato Institute hold a monetary policy conference. This year’s conference opened with Cato President Peter Goettler interviewing…
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The Fed’s Preferred Inflation Measure Improves, Mixed Picture on Consumer Spending
Two new economic indicators published Friday morning give reason for cautious optimism. The Consumer Price Index (CPI) is the inflation measure that gets…
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CPI Gives Reason for Cautious Optimism on Inflation
Inflation may finally be coming down. July’s month-to-month Consumer Price Index (CPI) increase dropped to zero last month, down from 1.3 percent in June.