Insights for action, for global investors

Clients, please enter here

Most Recent Commentary

Yellen Gives Conservatives Something to Cheer
Donald L. Luskin
Wall Street Journal
Friday, February 17, 2017
With three Trump appointees, the Fed is likely to move toward rules-based policy.

Most Recent Media Appearance

What Do We Want the Federal Reserve to Do?
Wall Street Journal
Wednesday, February 22, 2017

I’m surprised by the naiveté of Mr. Luskin in assuming that Republicans welcome a (truly) more objective rule in setting interest rates. Consider that in December 2016 the newly appointed (January 2017) Vice Chairman of the House Subcommittee on Monetary Policy and Trade Roger Williams whined about only the second one quarter-point interest rate rise in a decade to a level which is still well below what most rules-based advocates would calculate. Does conservative dogma include perpetual, unwarranted interest-cost subsidization for all borrowers and debtors?