Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
Jerome Powell
Posted inTAP
A Capital Crime
Today on TAP: Fed Chair Jerome Powell is sabotaging a rule requiring stronger capital standards for banks—that he pretended to support.
Posted inTAP
Jay Powell’s Victory Lap
Today on TAP: Does the Fed deserve credit for the strong economy? Will our central bankers screw it up by waiting too long to cut rates?
Posted inEconomic Policy
The Case for Interest Rate Cuts
The Federal Reserve won’t talk about it. A new study shows why they must.
Posted inTAP
Does Jay Powell Want to Elect Trump?
Today on TAP: Most of the sources of inflation are either the result of the Fed’s own policy, or have nothing to do with domestic demand, such as the rising price of oil.
Posted inEconomic Policy
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
Posted inEconomic Policy
Jay Powell’s Legacy Depends on Whether He Steps Up on Climate Risk
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.
Posted inEconomic Policy
Banks: The Weak Spot in a Strong Recovery
The larger problem is feeble and captured regulation, resulting in multiple intra–executive branch fights.
Posted inEconomic Policy
Jay Powell’s Federal Reserve: Protection for Bankers, Pain for Everyone Else
Continuing interest rate hikes as the Black unemployment rate starts to tick up reveal a misunderstanding of monetary policy history.
