Economics and politics

The Fed Can't Communicate What It Doesn't Know

The Fed Can’t Communicate What It Doesn’t Know

Text size The Fed will soon be unable to provide meaningful guidance on future rate decisions, writes William English. Michael Reynolds/EPA-EFE/Shutterstock About the Author: William English is a professor in the practice of finance at the Yale School of Management. He previously served as Director of the Monetary Affairs Division at the Federal Reserve Board. …

The Fed Can’t Communicate What It Doesn’t Know Read More »

The Fed is stuck looking back as the economy advances

The Fed is stuck looking back as the economy advances

Text size The Fed’s flexible average inflation target leads it to rely more on lagging indicators, writes David Beckworth. Graeme Sloan/Bloomberg About the Author: David Beckworth is a Senior Fellow at the Mercatus Center at George Mason University and a former international economist at the United States Department of Treasury. The Federal Reserve is waging …

The Fed is stuck looking back as the economy advances Read More »

Tight markets need a working Washington.  Traffic jam won't help.

Tight markets need a working Washington. Traffic jam won’t help.

Text size In today’s polarized political climate, President Biden’s loss of Congressional majority could lead to long delays in adequately addressing economic and financial market issues next year. Samuel Corum/Getty Images About the Author: Desmond Lachman is a Senior Fellow at the American Enterprise Institute. He was Deputy Director of the Policy Development and Review …

Tight markets need a working Washington. Traffic jam won’t help. Read More »

Midterms Red Ripple Brings Uncertainty to Markets

Midterms Red Ripple Brings Uncertainty to Markets

About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics and the former chief economist and chief investment officer, respectively, of UBS. To the surprise of many observers (including ourselves), the midterm elections turned out to be more contested than most polls and political futures had indicated. The political tipster …

Midterms Red Ripple Brings Uncertainty to Markets Read More »