Peter Ireland, E21
Immediately following its January policy meeting, the Federal Reserve released a Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization. The Statement, which Chair Jerome Powell also referred to in his latest Semiannual Report to Congress, confirms that the Fed will continue targeting interest rates using the new “floor system” first introduced in December 2015. Read more here....
Editorial of The New York Sun | March 24, 2019
President Trump's plan to nominate Stephen Moore to a governorship of the Federal Reserve could come to be seen to be as important as the justices he's named to the Supreme Court. We understand that it's not yet widely perceived that way. During the 2016 campaign, though, Mr. Trump made an issue of monetary policy, and this is the first substantive signal we've had that he might redeem that pledge.Continue Reading