'The outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery,' the Federal Reserve's latest Beige Book said. Photo: Fed chairman Jerome Powell.
Yes, says our guest columnist. 'it’s demeaning to ask career professionals in places like IRS to devote their time and attention to promoting the president’s reelection,' he writes.
'The Federal Reserve can be criticized, and rightly so, for its monetary madness, but at least it is the only central bank that truly analyzes the global demand for...
'A wave of unnecessary insolvencies could do long-term damage to the productive capacity of the economy. That’s a risk,' Fed chairman Jerome Powell (in photo) said Wednesday.