The Interbank Market News Scan for 10 July 2022

Interbank, Zimbabwe, inflation, currency. Zimbabwe is considering using the US dollar as the country’s legal tender and selling gold coins … More

Federal Open Market Committee announces its tentative meeting schedule for 2023

The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023: January 31-February 1 (Tuesday-Wednesday) March 21-22 … More

Maxine Waters’ HR 2543 gives me the impression that Congress does not understand banking …

HR 2543 serves no other purpose but to rile up Senate Republicans and make them the scape goat for failed policy.

Are Democrats missing an opportunity to strengthen their inflation argument?

Jerome Powell, chairman of the Board of Governors of the Federal Reserve System (FRS), today testified before the U.S. Senate … More

Fed chair Jerome Powell addresses the US Senate on monetary policy …

“Chairman Brown, Ranking Member Toomey, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve’s … More

Georgia’s congressional Democratic representatives tout the political not economic narrative on inflation.

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.