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?
Supply Chain
Posted inTAP
Jay Powell as Scrooge
Today on TAP: Higher interest rates and the cost of Christmas trees
Posted inTransportation
Rail Companies Can’t Handle Traffic From Mississippi River Drought
Low water levels have pushed shippers who typically use river barges to use freight rail. But decades of strangled capacity makes rail a bad bet, too.
Posted inPodcasts
Amtrak Joe Betrays Rail Workers
Left Anchor hosts discuss Alaskan elections, protests in Iran, the freight rail labor dispute, and more.
Posted inEconomic Policy
Will Congress Shut Down Rail Worker Collective Bargaining?
Thanks to the Railway Labor Act, a Congressional resolution could force workers back to the railroads under the terms of a contract many of them just rejected.
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 inAmerica and the World
The Enduring Corporate Entrenchment in China
Contrary to Thomas Friedman, Wall Street still makes a killing from China at the expense of workers.
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.
