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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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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…
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Remembering Alan Greenspan
Alan Greenspan passed away this week. National Review was kind enough to run my remembrance of him: There…
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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…
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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…
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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…
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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…
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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…
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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…