President Trump is not happy with Federal Reserve Chair Jerome Powell. With the economy likely to slow under the weight…
Read More »William J. Luther
The professional forecasters were right: inflation remained elevated in February. The Personal Consumption Expenditures Price Index (PCEPI), which is the…
Read More »At its core, economics is about making choices. We face trade-offs. If you want more of this, you must give…
Read More »When asked why Donald Trump won the presidency last November, most people point to inflation. That’s understandable. Prices soared under…
Read More »Federal Reserve officials have warned that the disinflation process would be uneven. The latest data from the Bureau of Economic…
Read More »The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index…
Read More »The Federal Open Market Committee announced on Wednesday it would hold its federal funds rate target at 4.25 to 4.5…
Read More »"More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral." ~William J.…
Read More »"A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed." ~William…
Read More »"The federal funds rate target range is likely to be at least a full percentage point lower by the end…
Read More »