Last week, Donald Trump volunteered that he would not reappoint Jerome Powell as chairman of the Federal Reserve. This seems a defensible point. His reasons, at least from a conservative perspective, find no defense. “I felt that he was not…
I have heard some people say that the Federal Reserve has a credibility problem. The agency missed the biggest inflation spike since the 1980s, was slow to start rolling back pandemic policies, and failed to spot the risks that some…
Limitless: The Federal Reserve Takes on a New Age of Crisis By Jeanna Smialek Alfred A. Knopf, 374 pages, $30 The Federal Reserve System, the United States central banking system, was established in conjunction with the Federal Reserve Act, which…
The nation needs the Congressional investigations, but they are, I caution again, predictably un-strategic, even awkward. Republicans stupidly sold the hearings as conclusive (thus inorganic), accordingly seen as partisan payback, not transparent good government. Lacking choreography, they appeal mainly to…
The Federal Reserve raised its funds rate on Wednesday by a quarter percent. The 4.5–4.75 percent rate amounts to the highest in 15 years. Despite this, and Wednesday’s hike becoming the eighth consecutive one, Chairman Jerome Powell explained that “we…
In the final week of 2022, we Americans can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control….
The desperate attempts by the White House, congressional Democrats, and the corporate media to refocus voter attention on abortion rather than inflation are failing. Most reputable polls show that the electorate is far more concerned about mismanagement of the economy…
“Abuse of words has been the great instrument of sophistry and chicanery, of party, faction, and division of society.” – John Adams The Biden administration has mastered sophistry, the use of ostensibly logical but erroneous arguments that are intended to…
Thursday God help us. The current roaring inflation did not start with Comrade Putin’s barbaric invasion of Ukraine. It started with Comrade “Joe” Biden’s slamming down fracking and the big pipeline. That, by itself, turned America from a major oil…
