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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...
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...
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...
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...
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...
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