Politically, labor markets will continue to take on some importance, but as the structure of labor continues to change in the face of the growing value of financial assets, labor will play a less important component in determining the strength of the economy.
Labor will be the next “to what end” question.
Today, Mr Powell may have signaled some coordination on recession messaging, but if the CPI numbers do not signal some kind of respite for the consumer, Mr Powell may find himself thrown under the political bus.
Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment … More
FX rates as of 3:00 pm 14 July 2022 Currency Pair Exchange Rate GBP/USD 1.1898 USD/XCD 2.7000 USD/JMD 149.4500 USD/DOP … More
The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023: January 31-February 1 (Tuesday-Wednesday) March 21-22 … More
HR 2543 serves no other purpose but to rile up Senate Republicans and make them the scape goat for failed policy.
Jerome Powell, chairman of the Board of Governors of the Federal Reserve System (FRS), today testified before the U.S. Senate … More
“Chairman Brown, Ranking Member Toomey, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve’s … More
The narrative has been disingenuous on the part of Mr Biden and on the part of Georgia Democrats. Their lane is a political lane and over 100 years ago, Congress decided that the money vehicle would not be driven in the political lane. Saying that they can do something about inflation while acknowledging the money supply is the responsibility of the Federal Reserve only confuses voters.
Yesterday, Christopher J Waller, a member of the Board of Governors of the Federal Reserve System, delivered remarks concerning regulation … More