William J. Luther
Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
How Concerning Are the February Jobs Numbers?
Slow job growth is expected when we remain near full employment and the working-age population is growing slowly.
Delayed Data Unlikely to Resolve Disagreements at Fed
Fresh data confirm lingering inflation, but data disruptions, policy shocks, and political pressures are complicating the Fed’s next move.
Inflation Still Over Target in August
Inflation has exceeded the Fed’s two-percent target for 54 consecutive months, with prices up 25 percent since March 2020.
The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank's independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy
Both parties have shown themselves willing to play politics with the Fed when it suits their interests. Neither likes it when the other does.
Inflation Declined in July
The Federal Reserve’s restrictive stance continues to put downward pressure on inflation.
Why is the Fed Revising its Framework?
Chair Powell maintains that the framework "worked just fine" over the past five years, but that changes underway seem to admit to past mistakes.
Inflation Picked Up in June, as Tariffs Pass Through
June's uptick is attributable to tariffs on foreign-made goods. The rate of inflation will stabilize, but higher prices are here to stay.
