Today on TAP: Even Ben Bernanke and Alan Greenspan were less perversely hawkish than current Fed chair Jay Powell, as Barney Frank reminds us.
Federal Reserve
Posted inTAP
Powell Reluctantly Relents
Today on TAP: After long delay and needless economic damage, the Fed chair commits to cutting interest rates.
Posted inEnergy and the Environment
The Inflation Reduction Act at Two
Challenges remain, but there’s been a lot of progress on restoring an industrial base, creating union jobs, and transforming our energy economy.
Posted inEconomic Policy
Will Panic on Wall Street Convince Jerome Powell to Do His Job?
The Federal Reserve should have cut rates months ago. Now it might be too late.
Posted inTAP
Powell’s Perverse Policies Persist
Today on TAP: A flawed understanding of today’s mild inflation leads the Federal Reserve to keep interest rates punishingly high.
Posted inEconomic Policy
Inflation Is Whipped. Someone Wake Up Jerome Powell.
Time for the Federal Reserve to cut interest rates.
Posted inEconomic Policy
Federal Reserve Chair Acknowledges Slowing Labor Market
The Fed can do something about that, in line with their mandate of maximizing employment, by cutting interest rates.
Posted inEconomic Policy
The Fed Covers for Big Banks Amid Growing Stress
The central bank weakening the penalties for failing a living will plan is bad in theory. In practice, with commercial real estate defaults rising, it’s even worse.
Posted inEconomic Policy
Treasury Foresaw the Synapse Collapse Two Years Ago
An agency report detailed how fintech ‘neobanks’ could fall into the regulatory cracks. Nobody managed to patch them up, and now depositors can’t retrieve their own money.
Posted inEconomic Policy
Taming the Pricing Beast
The government has a variety of strategies to protect the public from price-gouging and information advantages over the consumer.