Monetary policy (page 5)

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    Barron’s explores challenges for the next Fed chief

    William Watts writes at Barron’s about reaction to new Federal Reserve chairman Jerome Powell. Investors appear confident that the status quo of ever-so-slow monetary tightening will continue at the Federal Reserve when Jerome Powell takes over from Janet Yellen in February. But some observers see complacency in that…
    Mitch Kokai, November 13, 2017
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    Policy optimism drives recent stock gains

    Randall Forsyth of Barron’s probes key factors in the Dow’s recent surge. Spurring the overall market’s advance was optimism on two policy fronts, fiscal and monetary. On the former, the Senate on Thursday passed a budget resolution that seemed to pave the way for debate on tax legislation…
    Mitch Kokai, October 23, 2017
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    The long-term challenge of federal debt

    Gene Epstein of Barron’s explains why it won’t be easy to erase the federal government’s debt. Those who deny that soaring debt can ever be a worry for the U.S. often point out that this debt is denominated in the same U.S. dollars the Fed has the ability…
    Mitch Kokai, October 23, 2017
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    Forbes goes for the gold

    Steve Forbes‘ latest column for Forbes magazine lauds a book that makes a case for returning to the gold standard. The key to unlocking a great boom (along with a low-tax regime) is stable currencies. Without sound money we will be hurt by more dangerous and unnecessary crises…
    Mitch Kokai, October 6, 2017
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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