Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
byThis is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
Federal Reserve
Jeffrey P. Snider: Good or Bad, But Surely Not Transitory
byby Jeffrey P. Snider When Federal Reserve officials first started last year to mention wireless network data plans as a possible explanation for a…
Benn Steil: The Fed could be tightening more than it realizes
byTen years ago, before the collapse of Lehman Brothers rocked global financial markets, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasuries. After…
Yellen’s Poor Legacy — and Powell’s Challenges
byBy Daniel Lacalle The appointment of Jerome Powell as the new chair of the Federal Reserve must be interpreted by the markets as a sign…
The Fed Remains on Course – to Trouble
byThe Federal Reserve (Fed) is widely expected to continue to tighten its monetary policy this year. According to a latest Reuters Poll, the Fed…
Zero Hedge: Fed Chair Janet Yellen Warns Congress US Debt Trajectory Is Unsustainable
byDuring her testimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions…
The Bernanke-Yellen Bubble-Depression
byby Mark Thornton Source here: https://mises.org/blog/bernanke-yellen-bubble-depression In a recent article I advocated for a new way of naming business cycles. The new approach emphasizes the cause rather than the…
Zero Hedge: Goldman: The Fed Will Hike This Week, But Here Are “The Two Most Interesting Questions”
byOn Wedensday the FOMC will hike rates by another 25 bps – an event which the Fed Funds market prices in with near virtual…
How Long Can the Fed Keep the Boom Going?
byThe US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of…
Jeffrey P. Snider: Unfortunately An ‘Official’ End To The Rising Dollar Isn’t More
byTIC data confirms that “reflation” captured more than just pricing sentiment. It appears to have occurred in bank balance sheet activity, and related official…