Powell brings the whole FOMC on his apology tour. Mystery remains for the balance sheet.
Donald L. Luskin
Inside Our 2020 Presidential Election Prediction Model
Monday, March 18, 2019
Trump’s huge predicted win is robust to a cooling economy, but not to even a mild recession.
On the February Jobs Report
Friday, March 8, 2019
The biggest miss in 5 years, completely contradicting other labor data. It’s wrong. Just wrong.
Fail in Hanoi, Win in Beijing
Monday, March 4, 2019
Trump walked away from a Chinese trap, making a trade deal more likely and better.
Extending the Tariff Deadline, Moving the Goalposts
Monday, February 25, 2019
Trump reaches to snatch more victory from the jaws of victory.
Why Aren’t Oil Prices Higher?
Tuesday, February 12, 2019
We can sanction Venezuela all we want. All the oil market cares about is growth in China.
On the Powell/Trump Deal Memo
Tuesday, February 5, 2019
A dinner. A done deal. A dove. The system works.
On the January Jobs Report
Friday, February 1, 2019
A messy beat, but a big one, showing the economy has been robust to the Q4 threats.
On the January FOMC
Wednesday, January 30, 2019
Promises kept. A dovish pause with “patience,” and the balance sheet off “automatic pilot.”
Next Stop on the Jay Powell Apology Tour
Monday, January 28, 2019
A planted story sets up Powell to sound both dovish and smart about the balance sheet.