Ouch. Is balance sheet run-off “running in the background” the new “automatic pilot”?
Donald L. Luskin
Ukraine is One Risk, Saudi Another
Tuesday, January 25, 2022
Prices imply a low probability of a Russia/Europe rupture. But Saudi could help, and isn’t.
War on Two Fronts: Ukraine and Inflation
Monday, January 24, 2022
They come together in one bittersweet conclusion: no Fed lift-off in March.
On the December Jobs Report
Friday, January 7, 2022
It was a white Christmas. Drops in black, Hispanic and Asian jobs don’t meet Powell’s goals.
Boom On...
Tuesday, January 4, 2022
Sour sentiment and surprisingly normal valuations set the stage for another strong year.
On the December FOMC
Wednesday, December 15, 2021
The word “transitory” was dutifully retired. But the FOMC still says inflation is transitory.
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.