The word “transitory” was dutifully retired. But the FOMC still says inflation is transitory.
Donald L. Luskin
Jay Powell, Inflation Justice Warrior
Tuesday, December 14, 2021
The FOMC will be a “struggle session.” Powell will take blame for inflation he didn’t create.
On the November Jobs Report
Friday, December 3, 2021
A headline miss, but sharply improving minority unemployment rates point to lift-off.
"Hawkish Powell"? Not a Chance.
Wednesday, December 1, 2021
It’s performative politicking ahead of confirmation by an inflation-obsessed Senate.
Europe’s EV Miracle Doesn’t Live Up to the Hype
Monday, November 22, 2021
It’s just a Europe thing. And barely even that.
Powell or Brainard? Or...?
Wednesday, November 17, 2021
Monetary policy won’t change either way – but bank regulatory policy gets more hawkish.
Infrastructure Was Just the Easy Part
Monday, November 8, 2021
Now, for “the tax-hike bill,” too many circles to square. Too many ways to die.
On the October Jobs Report
Friday, November 5, 2021
On track to reattain the pre-pandemic unemployment rate by April 2022. But not “inclusively.”
On the November FOMC
Wednesday, November 3, 2021
Did Powell just make the elimination of Covid a new criterion for lift-off?
On the GOP Virginia Sweep
Wednesday, November 3, 2021
BBB is dead. We said Biden would govern from the middle. He didn’t. Now he’ll have to.