Shadow-Boxing with the Fed
The Fed is giving mixed messages: Telling investors to relax while telling Congress to take fiscal action against the pandemic slump. Our guest columnist interprets the oracle.
Watching the Fed Watch Covid-19
The Fed's tea leaves are perplexing our guest columnist, an economist at the University of Oregon. Whether we see 'quantitative easing' may depend on how bad the pandemic resurges...
Four Takeaways from the Labor Report
'The expansion is more likely than not still self-sustaining—even if the pace of recovery is slower than we might like prefer. Market participants focus on that narrative,' writes our...
‘Cacophony’ from the Fed: Duy
'The Fed-speak has been a tad cacophonous this week. Let’s try to cut through the noise,' writes economist Tim Duy of the U. of Oregon. But what is the...
Fed Keeps Credit Throttle Wide Open
'The commitment to holding rates at near zero until the economy is both at maximum employment AND inflation is at 2% is the unexpected enhanced forward guidance,' writes...
Fed Puts Yield Curve Control on the Shelf
'The Fed remains focused on downside risks but as of yet is unwilling to act further to support the recovery. Maybe they won’t need to,' writes our guest columnist,...
A Different Way to Think about the Inflation Rate
'The Fed has said absolutely, for sure, don’t even ask, that they aren’t thinking about thinking about thinking about raising interest rates anytime soon,' writes this Fed-watcher at the...
Fed Frets Over Fiscal Cliff
'The Fed intends to maintain accommodative financial conditions for years,' writes our guest columnist, an economist at the University of Oregon.
Can Wall Street Remain Resilient to the COVID-19 Surge?
'The next round of shutdowns will be limited to a small part of the economy, so we won't see the collapse in spending that we saw earlier in the...
Odds Favor Yield Curve Control
'A turn toward yield curve control doesn’t necessarily preclude the Fed from doing more quantitative easing. I expect they would use the tools in tandem,' writes our guest columnist,...
‘We Are Going To Buy Your Bonds Whether You Want Us To Or Not’
'The Fed appears to be taking actions that are not obviously necessary to meet its stated objective of smooth market functioning,' writes Duy, an economist and Fed-watcher at the...
More Self-Inflicted Risks Than We Need
'This shouldn’t be that hard: Keep pumping money into the economy to support incomes as you build out the public health infrastructure,' writes our guest columnist, an economist at...
