Alexander W. Salter

When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.

Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.

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.

Tariffs will cause a one-time price jump, but they won't cause sustained inflation. Central banks do that by raising total spending.

Both the growth of the money supply and the climb of consumer prices are are starting to level off.

Business costs and prices may rise sharply under his policies, but sustained dollar depreciation is unlikely.

The Fed's institutional flaws and failures trashed its credibility. It's time to rein in the central bank.

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.

"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

"Economists have a duty to point out just how destructive these proposals are." ~Alexander W. Salter