The major source of inflation was supply bottlenecks that are already subsiding for reasons unrelated to Fed rate hikes.
unemployment
Posted inEconomic Policy
Learning the Right Lessons From Recent Inflation
Why macroeconomic overheating was not the problem and austerity is the wrong cure.
Posted inTAP
The Labor Market and the Soft Landing
Today on TAP: The economy is on track to avert a recession, unless the Fed creates one.
Posted inEconomic Policy
Two Percent Inflation Targeting Harms Growth
Research shows that economies perform better at modestly higher inflation rates.
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 inTAP
The Fed Keeps Throttling the Economy
Today on TAP: Powell’s astonishingly ignorant response to easing inflation pressures
Posted inEconomic Policy
Why the Federal Reserve Should Cool Its Jets on Interest Rates
Recent data shows a strong possibility that inflation will come down on its own.
Posted inEconomic Policy
The Two Percent Obsession
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?
Posted inEconomic Policy
Already in a Hole, the Federal Reserve Keeps Digging
Unfounded Fed tightening myths are backfiring on the economy.
Posted inWorking in America
Want to Know What’s Going On in Our Economy? Talk to Workers.
We don’t survey how workers feel about their jobs. We’d learn a lot if we did.