Alexander W. Salter
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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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Financial
Against Central Bank Independence
President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor…
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Financial
To Whip Inflation, Trump Needs The Courage To Be Unpopular
How much longer will high inflation plague the US economy? Both the Consumer Price Index (CPI) and the Personal Consumption…
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