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Latest Issues

Taking One Last Beth Before the Blackout Period

Another month of very strong jobs report in the US: nonfarm payroll rose 172,000 in May, blowing past analysts’ expectations of 88,000. The three-month average is now 188,000 — exceptional given that not long ago the talk was about a “break...

5 days ago
1

Governor Powell's First Speech Doesn't Sound 'Quiet'

Fed Governor Powell, who vowed to be a “low-profile” Fed governor in support of Chairman Warsh, made sure everyone still heard him in his first speech after handing over the chairmanship.

The speech was delivered upon his acceptance of the...

9 days ago

Powell Hands Warsh A Dissent Surge, But Not Really A Divided Fed

A major feature in the Federal Reserve under the second Donald Trump presidency is the spike in the number of dissent votes. That is unusual because Jerome Powell had a streak of unanimous votes that ran from July 2022 to September 2024.

B...

12 days ago

Central Bankers Are Pushing Back Against The ‘War? Sh!’ Strategy

Federal Reserve governor Chris Waller on Friday cast serious doubt on the textbook look-through strategy to handle the Iran War-induced inflationary pressure — or what we fashionably called the “War? Sh~” strategy. And he is not the only ce...

15 days ago

Navarro gives Warsh the excuse to hike

Peter Navarro’s Fox News op-ed this weekend is, on the surface, a warning about Powell’s shadow power over Warsh’s Fed. Read differently, it is a permission slip.

The argument goes like this: three Biden-appointed governors — Philip Jeffer...

16 days ago
2

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