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 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.
On the November FOMC
Wednesday, November 3, 2021
Did Powell just make the elimination of Covid a new criterion for lift-off?