Today on TAP: The May inflation report was sublime. Time to start cutting interest rates.
Jerome Powell
Posted inTAP
The Silver Lining in the Latest Bank Panic
Today on TAP: The run on regional bank stocks will bring tighter regulation and lower interest rates.
Posted inMoney, Politics, and Power
The Fed, the Supreme Court, and Their Legitimacy
The government’s least democratic branches are incompetent and corrupt because they are unaccountable. James Madison would not be surprised…
Posted inTAP
Will the Fed Wreck an Improving Economy?
Today on TAP: Both the inflation and the employment outlook continue to improve.
Posted inEconomic Policy
The Federal Reserve Cannot Investigate Itself
There are lots of problems with the review the Fed has announced of supervision and regulation in the wake of the Silicon Valley Bank collapse.
Posted inTAP
Powell on the Ropes
Today on TAP: A prime casualty of the crisis set off by the failure of Silicon Valley Bank could be Fed Chair Jay Powell—all too appropriately, and none too soon.
Posted inEconomic Policy
Powell Blocked Mentions of Supervisory Failures From Bank Rescue Statements
The Fed chair resisted mentioning supervision, regulation, or accountability after the collapse of Silicon Valley Bank. His resistance delayed the announcement.
Posted inEconomic Policy
Who Will Talk Jay Powell off the Ledge?
He has committed the Fed to an interest rate course that will create a needless recession, and he refuses to admit that inflation is subsiding on its own.
Posted inEconomic Policy
The Selling of Jerome Powell
Those who favored Powell’s renomination to the Federal Reserve insisted that he would never do precisely what he’s doing now.
Posted inTAP
The Fed Resists the Inflation Hawks
Today on TAP: Fed Chair Jerome Powell is playing against type.
