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