The Fed has done nothing that the Treasury couldn’t have done on its own.
Donald L. Luskin
Is Inflation Still “Transitory”?
Wednesday, October 13, 2021
Yes. It’s non-monetary, narrowly based, and not supported by expectations.
On the September Jobs Report
Friday, October 8, 2021
Two payroll disappointments in a row won’t deter tapering, but it will likely slow it down.
The Mighty DUCs Are Gone
Wednesday, September 29, 2021
The fracklog has been exhausted everywhere but the Permian. Time to drill – but will they?
A House Divided Takes on Infrastructure Alone
Tuesday, September 28, 2021
Infrastructure will be voted in the House Thursday. If it passes, tax hikes are doomed.
On the September FOMC
Wednesday, September 22, 2021
Growth downgraded, but taper still on for November. And Powell has stopped beating his wife.
Tax Hikes: The House Has Many Manchins
Wednesday, September 8, 2021
A gift of time for moderate House Democrats means chances of tax hikes are fading.
On the August Jobs Report
Friday, September 3, 2021
Delta made the US demobilize a little. Tepid payrolls defer tapering till the December FOMC.
On Powell at Jackson Hole (Virtually)
Friday, August 27, 2021
A bit of a hawkish surprise on taper timing, but also two very dovish consolation prizes.
On the July Jobs Report
Friday, August 6, 2021
26 states stop paying people more not to work than to work – and voila!