Category Archives: Federal Reserve

As Tariffs Bite and Jobs Stall, New Interactive Tool Tracks How Much Trump and GOP Are Raising the Cost of Living

As Trump’s new tariffs are about to squeeze American wallets even harder, a new tool helps keep track of the damage.

The Post-Pandemic Disinflation: Low Sacrifice, High Prices

Central banks in advanced nations really do believe they did a masterful job of managing the post-Covid inflation. This article explains why

Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land

Despite the Fed depicting its current rate policy as restrictive, manic pricing in many financial markets says otherwise.

Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken

Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.

Trump Makes Presumed Empty but Loud Threat to Fire Fed Chair Powell, Showing that Trump Will Continue to Wreck Markets and the Economy to Prove His Manhood

Trump is now taking on Fed chair Powell over Powell’s refusal to cut rates to bail Trump out of the economic messes he created.

Focus on Market Rout from Overvalued Levels Diverting Attention from Real Economy DOGE, Particularly Social Security and Depth of Tariff Damage

The focus on the market rout pervesely distracts attention from Trump’s massive and probably durable real economy destruction.

Fed Not Buying Trump Administration Economic Snake Oil but Stands Largely Pat While Depicting Higher Inflation, Lower Growth Prospects

The Fed has noticed that Trump’s policies are chilling growth while stoking inflation, but is not yet ready to react strongly.

“Might the US Be About to Fall Off an Economic Cliff?”

The respected Atlanta Fed NowCast is scary bad, as in economic shoes about to drop in a big way bad.

DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks

We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.

Charles Kindleberger, the Dollar System, and Financial Crises

On Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System, including how some of his key ideas have been borne out.

Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts

How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.

Mr. Treasury Market Tells Fed It Is Even More Worried About Inflation

The Fed vigorously backpedaled on further cuts, pivoting to wait-and-see, due to long-term rates signaling inflation concerns.

James Galbraith: How the Fed Became Less Powerful Despite Weakened Congressional Oversight

Fifty years ago the actions of the Fed mattered. Today, as far the aggregate measures of America’s domestic economy go, they do not.

Inflation Re-Accelerates Despite Plunging Gasoline Prices as “Core Services” PCE Price Index Hits 7-Month High

Core services inflation is the biggie and going the wrong way. The Fed is already talking down the pace of rate cuts.

Longer-Term Treasury Yields & Mortgage Rates Explode, Yield Curve Un-Inverts Further as Bond Market Gets Spooked

Stock jockeys love Trump and bond vigilantes do not. What do their diverging views say about the prospects for the US economy?