Alexander W. Salter

Against Central Bank Independence

President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor Michael Barr said he would step down from his Vice […]

Forecasts Stable: The Fed Should Take a Breather

Prices still pinch: The Bureau of Labor Statistics announced the Consumer Price Index (CPI) rose 0.4 percent in December and 2.9 percent over the past year. The major cause was […]

The FOMC Should Hold Rates Steady

Another disinflationary hiccup: The Bureau of Labor Statistics (BLS) announced the Consumer Price Index (CPI) rose 0.3 percent in November and 2.7 percent over the last year. Year-over-year prices grew […]

Don’t Dread Dwindling Disinflation

Inflation ticked up in October. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.2 percent last month. Prices are up 2.6 percent over the last […]

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.