William J. Luther
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Financial
The Fed’s Mission Creep Under Jerome Powell
In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with…
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Financial
“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy
The Federal Reserve’s Board of Governors got a taste of The Apprentice treatment last week. On August 25, President Trump…
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Financial
Inflation Declined in July
New data from the Bureau of Economic Analysis show that inflation ticked down in July. The Personal Consumption Expenditures Price…
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Financial
Why is the Fed Revising its Framework?
Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual…
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Financial
Inflation Picked Up in June, as Tariffs Pass Through
President Trump’s tariffs appear to be pushing prices higher. Inflation picked up in June, according to new data from the…
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Financial
How Should Fed Officials Think About the Dual Mandate?
Federal Reserve officials are concerned they may soon find themselves in a tight spot. They have been tasked with delivering…
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Financial
Despite Tariffs, Inflation Remained Low in May
New data from the Bureau of Economic Analysis confirm that inflation remained low in May. The Personal Consumption Expenditures Price…
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Financial
Inflation Remained Low in April, But How Long Can Monetary Policy Remain Tight?
Will the Federal Reserve undershoot its inflation target this year? The Personal Consumption Expenditures Price Index (PCEPI) grew at an…
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Financial
When Will The Fed Cut Interest Rates?
The latest data from the Bureau of Labor Statistics confirm that the Federal Reserve has made a lot of progress…
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Financial
Termination Day at the Fed? Probably Not
President Trump is not happy with Federal Reserve Chair Jerome Powell. With the economy likely to slow under the weight…
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