With three Trump appointees, the Fed is likely to move toward rules-based policy.
Donald L. Luskin
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.
For Free Traders, Trump’s Corporate Tax Cut Is the Better Way
Wednesday, January 18, 2017
Instead of making the tax ‘border adjustable,’ simply lower rates to 15%, as the president-elect proposes.
On the December Jobs Report
Friday, January 6, 2017
The Fed says it’s tolerant of an “undershoot” in unemployment – which we now don’t have.
Our Contrarian View on the Dollar
Thursday, January 5, 2017
Neither arbitrage nor Trump can justify the rally. What shouldn’t be up must come down.
2017: It’s Bigger than The Donald
Friday, December 30, 2016
Faster growth will come not from Trump, but from the grass-roots forces that elected him.