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Latest Issues

A Long Way Still Ahead for the US’s Disinflation Journey

An interesting thing we would like to point out in Fed Governor Chris Waller’s speech on Monday, other than the fact that he was quite hawkish, is that he started using inflation breadth to illustrate the disinflation issue.

The increase...

5 days ago

We Just Love to Hate Trimmed-mean Inflation—Canada's Cautionary Tale About Introducing New Core Measures

Trimmed-mean inflation measure and its sibling median inflation gauge have both gotten unprecedented attention in recent months. It is all owing to new Federal Reserve chairman Kevin Warsh.

In his Senate Banking committee confirmation hear...

8 days ago

Warsh Makes the Fed's Reaction Function Unpredictable Again

Kevin Warsh on Wednesday put his stamp on his first FOMC meeting by keeping his promise to cut back forward guidance from the Federal Reserve’s communications. The post meeting statement has fewer words; the press conferenceis shorter; Wars...

a month ago
1

Warsh's first FOMC meeting—a hawkish path that makes Powell the (scape)GOAT

At Kevin Warsh’s swearing-in as Fed chair, one line from Trump’s remarks stood out: “economic growth doesn’t mean inflation. It can be just the opposite actually… You don’t have to stop the world because you’re doing well.” He reiterated th...

a month ago

Should the Fed and BoC look through the World Cup employment boost?

The blockbuster US jobs report released Friday showed the nonfarm payroll increased by 172,000 in May, almost double market expectations of 85,000. This reading signaled that the US labor market no longer relies solely on the healthcare sec...

a month ago
1

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