Myrtle Beach, SC Correspondent — The Fed isn't a priesthood and it isn't a campaign desk. Elected control already exists in the statute — a mandate Congress wrote, governors the Senate confirms, a chair who can be embarrassed in a hearing. Using those tools is adult. Turning the mid-year rate path into a loyalty test … Continue reading Is a mid-year fight over the Federal Reserve’s independence a necessary assertion of elected control, or a risk to the only remaining adult in the rate room?
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Is the growing gap between coastal economic performance and that of the interior becoming a structural political problem rather than a temporary one?
Wheeling, West Virginia Correspondent — It's felt structural here for thirty years, and I'd gently suggest that the question is only being asked now because it started showing up in national election returns. Coastal metros captured most of the high-value service and technology growth. Many interior communities were left with weaker job markets and falling … Continue reading Is the growing gap between coastal economic performance and that of the interior becoming a structural political problem rather than a temporary one?
Should the Federal Reserve begin reducing its balance sheet more aggressively even if it risks tighter financial conditions later in the year?
Owatonna, MN Correspondent — The balance sheet is still far larger than it was before the crisis, and gradual reduction is appropriate for exactly that reason. It got that way over years and it should come down over years. Moving aggressively risks a sharp tightening the real economy may not be ready to absorb. The … Continue reading Should the Federal Reserve begin reducing its balance sheet more aggressively even if it risks tighter financial conditions later in the year?
Will digital currencies eventually become the reserve currencies of the world, and why?
Owatonna, MN Correspondent-When you think about all the forms currency has taken in the world since humans began to trade goods and services with each other, it is certainly a possibility that some type of digital currency may become the reserve currency of the world. After all, currencies have taken the form of gold, silver, … Continue reading Will digital currencies eventually become the reserve currencies of the world, and why?
Symposium 2011: What reforms, if any, would you suggest be made to the Federal Reserve? Should the Fed’s dual mandate to achieve maximum employment and price stability be repealed or should there be specific targets for each?
Orlando: Well, I think the Federal Reserve has a useful purpose but it has been responsible for the biggest economic disasters in the past fifteen years. Low interest rates fueled the internet bubble back in the late 1990s. That didn’t turn out too well for the economy or stock market. And accommodative policy helped fuel … Continue reading Symposium 2011: What reforms, if any, would you suggest be made to the Federal Reserve? Should the Fed’s dual mandate to achieve maximum employment and price stability be repealed or should there be specific targets for each?
The Case of the Futile Federal Reserve
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Digger Cartwright releases The Case of the Futile Federal Reserve
Not since the Savings and Loan crisis of the 1990s has the U.S. banking system faced such dark times. A number of factors, working in concert, have driven the financial system to the brink and have the potential to send a systemic shock throughout the economy. Couple this with what is now an impotent Federal … Continue reading Digger Cartwright releases The Case of the Futile Federal Reserve
Why the Federal Reserve Should NOT Cut Interest Rates
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