Ms. Shelton, a monetary economist, is a senior fellow at the Independent…
If the journalists won’t ask the question of the Fed, maybe an official bottom-up look at our money-losing central bank is in order.
The question of politics hovers over the central bank’s decisions between now and the election on November 5.
It’s too soon to get the actual policy papers being discussed, but the possibility of a breakthrough beckons in the debate over inflation.
It’s the logical goal for President Trump’s campaign to blunt the negative impact of currency manipulation on the ability of American companies to compete overseas.
The question arises because we’re getting hints that the Fed’s 2 percent inflation target doesn’t have to be actually reached before monetary officials ease up on rates.
Argentina’s new president turns up just as America seems to be losing confidence in the virtues of its founding values and democratic capitalism.
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