Brilliant. The Fed declares that broader price pressures are caused by broader price pressures.
Donald L. Luskin
On the February Jobs Report
Friday, March 4, 2022
Inclusive maximum employment is achieved. Yet March lift-off is now in doubt.
More Thoughts on the Ukraine Crisis
Tuesday, March 1, 2022
National security grounds to finally crack down on crypto, and drill baby drill.
Our Hot Take on Russia’s Attack on Ukraine
Thursday, February 24, 2022
Europe can’t save Ukraine, but it is in control of what global markets should care about.
On the January Jobs Report
Friday, February 4, 2022
A payroll blowout is flatly contradicted by employment contraction in the household survey.
A Turn Signal for the Fed’s Off-ramp on the Road to Rate Hikes
Monday, January 31, 2022
When perma-hawk Esther George suggests an alternative to rate hikes, you should listen.
On the January FOMC
Wednesday, January 26, 2022
Ouch. Is balance sheet run-off “running in the background” the new “automatic pilot”?
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.