Tag Archives: federal reserve

  • Fed fears unfounded, fortunately

    A November 28 headline in the New York Times gushed, “Two Words From Fed Chairman Jerome Powell Sent Markets Soaring”. Jay Powell – who likes being called Jerome about as much as Jerome Seinfeld does – noted, according to the Times, “the Fed’s benchmark interest rate was ‘just below’ the neutral level, meaning the central […]

  • Will They or Won’t They

    Welcome to reality TV, Federal Reserve style.  As the Federal Reserve grapples with the decision of whether or not to raise short-term interest rates for the first time in almost ten years, the lead-up is playing out like a made for TV drama.  It’s the newest in reality TV.  Now, don’t get me wrong, this […]