Today, President Joe Biden heaped praise on Senator Joe Manchin, Democrat of West Virginia, and Senate Minority Leader Mitch McConnell, … More
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.
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
Jerome Powell, chairman of the Board of Governors of the Federal Reserve System (FRS), today testified before the U.S. Senate … More
To Mrs Warren’s credit, she is two-thirds of the way in meeting her thinly-veiled objective which is to provide Joe Biden and the Democrats with as much cover as possible going into the mid-terms. The objective here is to separate the Democrats from the inflation problem by providing a legislative initiative while reminding the electorate that the management of the money supply, the real cause of inflation, is in the Federal Reserve’s lane.
Yesterday, the President told #Caribbean leaders he is ready to help them. He may want to start with making his dollar a little less expensive. He can only hide behind the “price gouging” argument for so long.
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.
Political odds makers don’t see the Democrats faring too well in this November’s midterm elections. With 21 weeks to the … More