Alexander W. Salter
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Financial
Inflated Worries: Don’t Sweat June’s Hot Prices
Inflation ticked up last month, the Bureau of Labor Statistics reported. The Consumer Price Index (CPI) rose 0.3 percent last…
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Financial
Chairman Powell’s Curious Case for Abundant Reserves
Last week, Fed Chairman Jerome Powell delivered his semiannual monetary policy report to Congress. Fed watchers will find lots to…
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Financial
Central Bank Independence: More Heat than Light
President Donald Trump’s on-again, off-again feud with Federal Reserve Chairman Jerome Powell has market observers apprehensive. Economists, policymakers, businessmen, and…
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Financial
What is Central Bank Independence?
The explainer defines central bank independence, describes its theoretical desirability, and reviews classic and contemporary studies on how central bank…
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Financial
Two Cheers (and a Warning) for May’s Inflation Slowdown
Disinflation is no longer a blip, but a trend. The Bureau of Labor Statistics reported that the Consumer Price Index…
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Financial
April’s Prices Rose, But Inflation Cooled Overall
After slight deflation in March, prices rose again in April. The Bureau of Labor Statistics (BLS) reports that the Consumer…
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Financial
Consumer Prices Fall in March
After a quarter-long inflationary resurgence, it looks like prices are now falling. The Bureau of Labor Statistics reported that the…
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Financial
What a Trumped-up Fed Means for the Global Economy
President Trump is bringing federal agencies to heel. Is the Federal Reserve next? Our nation’s central bank jealously guards its…
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Financial
Price Growth Slows in February
After disappointing readings in November, December, and January, inflation appears to be slowing once again. Could this mark the return…
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Financial
The Fed’s Triple Mandate Problem: It’s Time to End the Confusion
What is the Federal Reserve’s job? The standard answer is to maintain full employment and stable prices. This is what…
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