The COVID-19 coronavirus looks to be entering the containment phase. Americans are desperate for sensible policymakers with courage to ignore the chaos and rely on the facts. Our leaders must examine the factual data to see what has really happened, and stop emphasizing the hypothetical What If’s. Officials must combine the empirical evidence with fundamental principles […]
The European Central Bank lost its third German board member to resignation over policy differences in a decade Wednesday, further drawing back the veil on controversy at the top and opening a new race for the prestigious post. Sabine Lautenschlaeger, who had also served as deputy head of the ECB’s banking supervision arm, will step […]
Accustomed to being the first woman in influential leadership positions and speaking frankly to men in power, Christine Lagarde says manmade threats to the global economy can be “man-fixed.” Lagarde only last week left her post as head of the International Monetary Fund after eight years, the first woman to serve in that role, and […]
Last month when the Fed adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases were ahead. Last week disappointing US retail sales and industrial production data raised the prospect that the US economy is slowing faster than […]
The Fed’s interest rate increase in December tipped monetary policy into a restrictive setting that may be pushing the economy farther from one of the Fed’s Key goals, James Bullard, President of the St. Louis Federal Reserve Bank, said last week. Mr. Bullard, in remarks to reporters after an appearance at St. Cloud State University […]
FOMC Mins Signal Fed Interest Rate Hikes ‘On Hold’ $DIA, $SPY, $QQQ, $VXX The US Fed policymakers aka FOMC, decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting released […]