She mentioned the “neutral interest rate” 18 times. That makes it official. It’s a policy rule.
Donald L. Luskin
A Trump Correction at Last?
Friday, March 3, 2017
Two warning signs we’ve been waiting for materialized all at once. Then, a third one.
Joint Session Overshadows FOMC Session
Wednesday, March 1, 2017
March goes "live," and risk-tolerant markets don’t care. The "natural interest rate" is rising.
It’s a Good Time to be a Fracker
Friday, February 24, 2017
Costs and regulations coming down, production going up – and oil is still headed for $65.
Yellen Gives Conservatives Something to Cheer
Friday, February 17, 2017
With three Trump appointees, the Fed is likely to move toward rules-based policy.
From Executive Orders to Spontaneous Order
Friday, February 17, 2017
If the Trump administration is so chaotic, why are markets so resilient and risk-embracing?
The Border Adjustment Tax and Its Victims
Friday, February 10, 2017
When is a tax cut a tax hike? When refiners and other firms get hit with the BAT.
On the January Jobs Report
Friday, February 3, 2017
Post-election animal spirits drive a big beat, while the Fed is comforted by small wage gains.
On the February FOMC
Wednesday, February 1, 2017
The Fed will be extremely gradualist as the economy pulls out of “secular stagnation.”
Make My Inauguration Day
Monday, January 23, 2017
Trump embraces his risky role as an unstoppable force of change. Europe is next.