With the Fed bowing to recession fears and market expectations, the dollar is collateral damage.
The Unloved Buck
Tuesday, October 23, 2007
Enough Recovery for the Fed?
Friday, October 12, 2007
Credit markets have stabilized, which may be enough to give the Fed pause before cutting rates again.
Fed in the Crosshairs
Friday, October 5, 2007
The first rule of central banking is: never admit you made a mistake. That means another rate cut at the October FOMC meeting.
It's Not Just a River in Egypt
Friday, September 28, 2007
For the Fed, it's "jobs, jobs, jobs" -- and inflation is a matter of deep denial.
The Fed Gets the Yips
Wednesday, September 19, 2007
The Fed caves in to panic, and inflation risk kicks into high gear.
Did Somebody Say "Inflation"?
Thursday, September 13, 2007
No, nobody did. Nobody but the Treasury curve, that is.
Friday, September 7, 2007
Let us be the last to say so -- the Fed will cut rates on September 18. But that doesn't mean recession, or a prolonged easing cycle, is around the corner.
Don't Count Your Doves
Thursday, August 30, 2007
Despite a seemingly overwhelming consensus, it's still too early to take rate cuts for granted.
Easy Does It
Thursday, August 23, 2007
For the Fed, easing the market's pain means not easing policy.
A Surgical Strike
Friday, August 17, 2007
The Fed cleverly addressed the needs of beleaguered markets, without launching new helicopter drops of money on the broad economy.