Alexander W. Salter

The FOMC Should Hold Rates Steady

Monetary policy remains tight. We have enough data to see a (hopefully temporary) stall in disinflation. FOMC should keep its target rate at 4.50 to 4.75 percent for now.

Disinflation Continued in September

The Fed needs to ensure it doesn’t inadvertently keep money tight for too long. Tomorrow’s downturn won’t fix yesterday’s inflation. It will just compound the misery.

Moderate Inflation Affirms Fed’s Path to Easing

"The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now." ~Alexander W. Salter

Moderate Inflation Returns in July

"To judge whether monetary policy is loose, it is not enough to show that monetary aggregates are growing at historically low rates. What matters is whether the money supply is growing faster than money demand." ~Alexander W. Salter