Monetary policy (page 5)

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    A different kind of decision maker at the Fed

    Randall Forsyth of Barron’s wonders how the Federal Reserve might operate under different management. The standard parameters for Fed policy are full employment with price stability, which hardly seem controversial. To a great extent, those conditions have been met. The most widely watched measure of unemployment last month…
    Mitch Kokai, September 18, 2017
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    Panning the Fed’s inflation target

    Vito Racanelli of Barron’s takes aim at the Federal Reserve’s target of 2 percent inflation. The idea of an inflation target was established in January 2012, in the aftermath of the 2008-09 financial and economic crisis. The Fed said then that an explicit goal would help promote the…
    Mitch Kokai, September 11, 2017
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    Watch out for the Fed

    Desmond Lachman warns in a U.S. News column that no one really knows what’s likely to happen when the Federal Reserve reverses course. Perhaps as early as September, the Fed plans to start reducing its balance sheet by $10 billion each month by not reinvesting the proceeds of…
    Mitch Kokai, July 31, 2017
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    Forbes welcomes a new role for one of his columnists

    Steve Forbes explains why he’s glad one of his Forbes magazine colleagues might have a little less time to write columns in the days ahead. NOTED ECONOMIC GURU and FORBES columnist David Malpass is going to the U.S. Treasury Department as undersecretary for international affairs, a…
    Mitch Kokai, April 17, 2017
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    Fight the Myth of Fair Trade

    As Barron’s editorial page editor Thomas Donlan notes in his March 6 editorial: “Fair trade” is never fair, because it always means that the deadening thumb of government has to adjust the scales of commerce in favor of domestic businesses that can’t succeed any other way.
    Kory Swanson, March 16, 2017
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    Trump and the Fed

    Vito Racanelli of Barron’s ponders the Federal Reserve‘s future in the age of Trump. One coming change few are pondering is the turnover at the Fed now that Donald Trump has the power to appoint Fed officials. By about mid-2018, there could be as…
    Mitch Kokai, March 6, 2017
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    This weekend on Carolina Journal Radio

    North Carolina’s maze of alcohol-related rules and regulations blocks innovation from entrepreneurs in an expanding industry. Jon Guze attempts to navigate the maze, and offer ideas for reform, during the next edition of Carolina Journal Radio. Katherine Restrepo explains how Union County saved nearly $1.3 million by adopting…
    Mitch Kokai, December 9, 2016
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    Forbes calls for new Fed head

    Steve Forbes‘ latest contribution to Forbes magazine focuses on the need for new leadership at the Federal Reserve. DONALD TRUMP TOOK several shots at the Federal Reserve during his election campaign. Let’s hope he effects a real overhaul of this increasingly destructive agency. Fed…
    Mitch Kokai, December 7, 2016