by | Nov 19, 2019

President Donald Trump met with Federal Reserve chairman Jerome Powell on Monday. “Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve,” the president tweeted. “Everything was discussed including interest rates,…

by | Oct 18, 2019

Pay no attention to that man behind the curtain. I’m shocked, shocked to find that gambling is going on in here. These are not the droids you’re looking for. In the movies, Frank Morgan, Claude Rains, and Alec Guinness deliver…

by | Sep 28, 2019

The Federal Reserve sold another $75 billion in overnight repurchase agreements (repos) on Wednesday, with demand dramatically overwhelming supply. And by the end of the day, the New York Fed announced increasing the overnight repos available from it to $100…

by | Aug 29, 2019

Donald Trump continues to pressure the Federal Reserve. He’s not the only one. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of the world,” he tweeted this week. “Has anyone looked…

by | Aug 14, 2019

Just weeks after Elizabeth Warren (D-Mass.) introduced legislation to expand the Federal Reserve’s authority into real-time payments, the Fed on August 5 announced its intent to create a real-time payments system by 2024. This move will be as damaging to…

by | Aug 8, 2019

Donald Trump accuses China of currency manipulation as he pressures the Federal Reserve to do the same thing. If you can’t beat ’em, join ’em. “Our problem is not China,” the president tweeted on Wednesday. “We are stronger than ever,…

by | Jul 18, 2019

When he testified before Congress last week, Federal Reserve Board Chairman Jerome Powell made an interesting comment: “We don’t have any basis or any evidence for calling this a hot labor market.” He added that “to call something hot, you…

by | Jul 10, 2019

Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…

by | May 9, 2019

There’s an inherent conflict of interest that occurs when an agency serves as both a regulator and competitor. Unfortunately, that describes the present state of the Federal Reserve. But rather than reform the agency to eliminate sources of conflict, the…

by | May 1, 2019

Washington Steve Moore, one of the oracles of free market economics, is President Donald Trump’s choice for the Federal Reserve Board, and the long knives are out for him. Yet I am told by conservatives everywhere not to worry. He…

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