Powell Pivots as Inflation Picks Up

For the past few months, Federal Reserve Chair Jerome Powell has assured markets that high inflation would be temporary, as prices would naturally fall once supply constraints ease up. Testifying […]

The Federal Reserve Is Not Credible

Inflation remained high in August, latest data show. The Personal Consumption Expenditures Chain-type Price Index (PCEPI) grew at a rate of 4.3 from August 2020 to August 2021. The PCEPI […]