Today on TAP: A flawed understanding of today’s mild inflation leads the Federal Reserve to keep interest rates punishingly high.
Federal Reserve
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.
Posted inTAP
Time for the Fed to Meet the FTC
Today on TAP: The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
Posted inEconomic Policy
The Age of Recoupment
How power, technology, and opportunity have come together to gouge consumers
Posted inEconomic Policy
Fintech Fight Leads to Hundreds of Thousands of Frozen Accounts
The chaotic bankruptcy of a middleware platform called Synapse has impacted numerous fintech companies, whose users are locked out of their savings.