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The implicit notion–extant on both ends of the Accela Corridor - that the present financing arrangements for the $31 trillion of publicly held US Treasuries represent the natural order of things in the financial markets is just damn nonsense.
The Federal Reserve's July Monetary Policy Report, delivered to Congress last week, describes an economy running hotter than officials would like even as growth cools at the edges.
New York Federal Reserve President John Williams now says inflation has likely peaked and that monetary policy is "well positioned" to bring inflation back toward the Fed's 2% objective.
In 1914 the Fed ran on 40 people and no computers. Today it takes 23,000. Fire them all and let AI do it... it can't do any worse.
"All gold is present and account for..."
Fed Chair Warsh (voter) will deliver his first semi-annual testimony as Fed Chair to the House. Warsh' text was e released at 08:30EDT (link here) and he is scheduled to begin his testimony at 10:00EDT.
A few participants told colleagues they saw a case for raising rates at this meeting but chose to support the hold anyway. Looking further out, the split widened.
The BlackRock story is not a footnote. It is a warning flare over a $1.8 trillion market that has been operating with the discipline of a casino back office.
Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. Greenspan chaired the Fed from 1987 through 2006.
The financial world changed last week.
And, although there was plenty of respect for Greenspan as a person from more establishment-friendly sources, broadly, the consensus on his performance as Fed Chair ran from mixed to negative.
Celebrated opponent of the Fed, G. Edward Griffin, joins the Liberty Report for the first time to take a look at the new Fed Chairman, the war on sound money, and the tightening grip of the swamp monsters on our freedom.
Inflation has quietly drained a third of your dollar's value in six years -- and the real thief isn't who you've been told. Here's the scam taking your savings, and how to end up on the right side of it.
Greenspan passed away at their home in Washington, D.C., from complications of Parkinson's disease.
GLJ Research's Gordon Johnson is one of my favorite analysts on the street to read and gets a rare endorsement from me (I hate basically everyone selling sell-side style research) because, like my friend Mark Spiegel, he is one of the last few anal
The latest figures show the money supply growing at its fastest pace in over four years, with consumer prices climbing right alongside it.
Kevin Warsh's debut Fed meeting brought no rate change but plenty of institutional change. The new chairman appears eager to rethink how the Fed operates.
The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.
To stay with the metaphor: Just as the iceberg collision ultimately led to the Titanic's demise, a continued rise in interest rates can plunge the global financial and economic system into severe distress and, in the extreme case, trigger a fatal c
Money-supply growth rose year over year in April, marking the sixth month in a row of accelerating growth, and rising to the largest growth rate in forty-nine months.
As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy.
According to the University of Michigan's latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy.
If there is one job that no Austrian Economist will take up at this juncture, it would be that of the Federal Reserve Chair.
Trump expects rate cuts. Guess what!
Newly confirmed Federal Reserve Chair Kevin Warsh, pledging new tactics to fight inflation, faces an uphill battle to keep rising prices in check.
After Kevin Warsh was confirmed as Federal Reserve chairman last week, he received a stark reminder of the challenges facing the central bank.
Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts.
The U.S. Senate voted 51–45 to approve Warsh's nomination to a 14-year term on the central bank's board on May 12, joining six other members. Four senators did not file a vote.
