The Fed’s Secret Tightening of Monetary Policy
Federal funds rate also rises The Federal Reserve's decision to cut the federal funds rate by 0.5 percentage points More significant increases in long-term rate estimates. of Economic forecast summary In forecasts released last week to coincide with the Fed's rate cut, the median forecast for the longer-term federal funds rate rose to 2.9%, the […]
Which path will the Fed take to ease monetary policy?
The Federal Reserve Board A new easing cycle This week, the Federal Reserve Board cut the federal funds rate by half a percentage point at its Federal Open Market Committee meeting. Market participants took the news in stride, as they had expected the Fed to cut rates by that amount, not a quarter of a […]
How Sri Lanka’s Attempt at Modern Monetary Theory Went Horribly Sideways
Estimated Reading Time: 5 minutes Editors’ Note: One of the first major book reviews undertaken at the Prickly Pear, was a critical assessment of Modern Monetary Theory, which we found not really modern and hardly a theory. It is just a clever academic excuse for the old principle of the government paying for its expenses […]
Is the Fed’s Monetary Policy Still Too Loose?
R-Star Wars breaks out in public The minutes of the Federal Open Market Committee (FOMC) meeting released on May 22nd noted that “various officials” expressed concerns that interest rates might not be as tight as thought, but this was a bit of a mystery at the time. Recent comments from key figures, including the Dallas […]
Why Gold Is Such an Effective Weapon Against the Government’s Monetary Schemes
Ron Paul: “Because gold is honest money it is disliked by dishonest men.” Buying physical gold is a time-proven method of securing generational wealth, and a security measure often taken in times of economic turbulence. Gold investing has long been viewed as a hedge against inflation and a store of value against currencies. Throughout history, […]
The Fed’s Biggest Monetary Policy Mistake
“Behind the Curve”: The Financial Story We were recently reminded of the story of a famous financial economist who was always late to meetings. When his colleague pointed out that he was habitually late, the economist replied that he was never actually late. He always left on time, but his arrival time was Delays and […]
Monetary, fiscal policy divide pose risks: NABE
Former CKE Restaurant CEO Andy Puzder explains the importance of addressing the impact of wages on U.S. debt and restaurant affordability. As inflation eases and more economists bet on a soft landing for the U.S. economy, new risks of policy push and pull are emerging. The gulf between fiscal and monetary policy is a growing […]
Monetary Policy Might Not Be All That Restrictive
Responsibility lies with R* “Dear Brutus, the fault lies not in our planet, but in ourselves, in our lower ranks.” william shakespeare Did Cassius say these words to Brutus on the feast day of Lupercus, the Roman shepherd god, held at the beginning of the third week of February each year?More or less, that’s the […]