A dovish dissent from Kashkari, preening for Yellen’s job. The longer-run “dots” don’t move.
Donald L. Luskin
On the February Jobs Report
Friday, March 10, 2017
A beat versus consensus, but a miss versus the Trump tweet-number.
Yellen’s March to Neutrality
Monday, March 6, 2017
She mentioned the “neutral interest rate” 18 times. That makes it official. It’s a policy rule.
A Trump Correction at Last?
Friday, March 3, 2017
Two warning signs we’ve been waiting for materialized all at once. Then, a third one.
Joint Session Overshadows FOMC Session
Wednesday, March 1, 2017
March goes "live," and risk-tolerant markets don’t care. The "natural interest rate" is rising.
It’s a Good Time to be a Fracker
Friday, February 24, 2017
Costs and regulations coming down, production going up – and oil is still headed for $65.
Yellen Gives Conservatives Something to Cheer
Friday, February 17, 2017
With three Trump appointees, the Fed is likely to move toward rules-based policy.
From Executive Orders to Spontaneous Order
Friday, February 17, 2017
If the Trump administration is so chaotic, why are markets so resilient and risk-embracing?
The Border Adjustment Tax and Its Victims
Friday, February 10, 2017
When is a tax cut a tax hike? When refiners and other firms get hit with the BAT.
On the January Jobs Report
Friday, February 3, 2017
Post-election animal spirits drive a big beat, while the Fed is comforted by small wage gains.