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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…
Blog
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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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…
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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…
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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,…
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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…
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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…