To Cut or Not to Cut The Federal Reserve is approaching a critical inflection point in its monetary policy journey. Here’s why: Fed officials are increasingly indicating that interest rates may be near the upper end of the so-called “neutral rate” (i.e. the level at which monetary policy is neither stimulating nor restraining economic activity)….Read more
Cruising Altitude Remember in 2022 when Federal Reserve Chair Jerome Powell warned that getting the economy back into balance would involve some economic pain? The road since has been long and winding, but two years later we’ve managed to avoid a recession (knock on wood). While interest rates rose significantly, hard landing fears never became…Read more
The nomination for Treasury Secretary is one of the highest-profile cabinet picks for any incoming president, especially if they’ve run on promises to improve the economy. So, it’s worth examining what a Treasury Secretary actually does now that President-elect Donald Trump has chosen hedge fund manager Scott Bessent. For starters, the secretary is the president’s…Read more
