In the face of mounting evidence that inflation is easing, the Fed clings to a perverse monetary policy. What will its meeting this week produce?
inflation
Posted inTAP
Jay Powell as Scrooge
Today on TAP: Higher interest rates and the cost of Christmas trees
Posted inTAP
How Fed Policies Burn Housing
Today on TAP: Higher interest rates raise housing costs to consumers in multiple ways—the opposite of the Fed’s anti-inflation goals.
Posted inTAP
The Fed’s Thanksgiving Turkey
Today on TAP: Misleading reports on the rising cost of dinner are feeding the Fed’s appetite for more perverse rate hikes.
Posted inTAP
Why Inflation Didn’t Wipe Out the Democrats
Today on TAP: How Bidenomics actually worked
Posted inPolitics
Corporate Power Had a Bad Election Night
Democrats didn’t always put corporate concentration issues into the foreground, but it was in the mix in key races.
Posted inEconomic Policy
Already in a Hole, the Federal Reserve Keeps Digging
Unfounded Fed tightening myths are backfiring on the economy.
Posted inEconomic Policy
Prospect Podcast: The Most Important Inflation Fighter You Don’t Know About
We talk to Martin Oberman, the lead regulator for the rail industry, which has contributed mightily to supply chain woes by taking its cues from Wall Street.
Posted inMoney, Politics, and Power
Inflation, Supply Chain Woes, and Elaine Chao’s Culpability
Democrats in general and Mayor Pete in particular should have highlighted the disastrous hands-off approach of Trump’s transportation secretary.
Posted inTAP
The Federal Reserve’s Overkill
Today on TAP: The central bank needs to take a pause and give its past rate hikes time to work.
