by | Oct 31, 2019

The Federal Reserve lowered its funds rate 25 basis points, the third such cut this year, on Wednesday to a 1.5 to 1.75 range. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the…

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 | May 6, 2019

In September of 2016 Hillary Clinton famously gave the nation a glimpse of the “bottled spider,” to borrow Shakespeare’s metaphor about Richard III, which personified her mewed up inner loathing for the peasants who declined to recognize her divine right…

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