This should lead Federal Reserve officials to hesitate before blindly hacking away at the economy.
Federal Reserve
Posted inEconomic Policy
A Regulator Signals Comfort With Allowing More Bank Mergers
The OCC’s Michael Hsu expresses openness to behavioral remedies for bank mergers, when they have been shown not to work in other sectors.
Posted inEconomic Policy
Fed Nominee Michael Barr Discloses 82 Different Fintech Investments
Several of them involve startups in crypto, just as the products are crashing and the need for regulation is more acute than ever.
Posted inTAP
The Stock Market’s Slow Collapse
Today on TAP: What it means for the real economy and the fortunes of Democrats
Posted inTAP
The Fed’s Dilemma
Today on TAP: The half-point rate hike will make little difference in dealing with the causes and cures of rising prices.
Posted inEconomic Policy
The Return of Michael Barr
Spurned for high-level positions on several occasions, he enters the conversation for a Fed slot at a time when progressives are wary of more personnel battles.
Posted inAmerica and the World
Developing Countries Strained by Rich-World Monetary Tightening
A new report shows how rising commodity prices, on top of macroeconomic tightening by the Fed, could spark riots in low- and middle-income countries.
Posted inEnergy and the Environment
Oil Company Profit-Gouging Began With the CARES Act
The benefits fossil fuel companies derived from COVID relief created the dynamic in the industry we see today.
Posted inEconomic Policy
Interest Rate Hikes Aren’t a Solution for Supply Shocks
Policymakers are employing the wrong tools for the current circumstances.
Posted inTAP
With Sarah Bloom Raskin Out, Who Gets That Key Fed Post?
Today on TAP: How about either Lael Brainard or Daniel Tarullo.
