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President Trump’s insistence on lowering interest rates serves only the ever-growing spending state. Lower interest rates may relieve some price pressure in the housing market, but printing money is only going to make things worse in the long run.
Manufacturing in the Federal Reserve’s Fifth District hit the brakes hard in July, and the yellow metal took notice. The Richmond Fed reported Tuesday that its composite manufacturing index collapsed to –20 from June’s already-weak –8, falling well below the consensus expectation of -2. Shipments, new orders, and employment all sank deeper into negative territory, […]
Christopher J. Waller says the central bank should not wait until autumn to ease policy. Speaking to the Money Marketeers of New York University on July 17th, he argued for a 25-basis-point trim to the federal-funds target range “in two weeks.” With growth fizzling, hiring sputtering, and tariffs muddying the inflation picture, Waller believes quick […]
If Donald Trump has his way and recent reports are accurate, Federal Reserve Chair Jerome Powell is considering stepping down from his position. While extremely rare, Fed Chairs resigning before the end of their term isn’t entirely unheard of. Powell’s obligations would ordinarily extend to May 2026.
Minutes from the Federal Open Market Committee’s June 17–18 meeting show policymakers content to hold their fire—for now. The Fed kept its benchmark federal-funds range at 4¼–4½ percent and left both the interest rate on reserve balances (4.4 percent) and the primary-credit rate (4.5 percent) untouched. Officials insisted that “recent indicators suggest that economic activity […]
Gold ended last week at a record-setting US $3,332 per ounce, up 1.8 % on the week and a blistering 28 % year-to-date. The metal’s march higher has come even as Wall Street cheers fresh equity highs and a softer dollar, underscoring bullion’s stubborn appeal as fiscal storm clouds gather. Yesterday’s price action was orderly—just […]
As the west muddles through murky economic waters, many call on the Federal Reserve to hold off a recession. But, as our neighbors to the east show us, central banks are highly constrained in what they can actually accomplish, and more inflation isn’t the right move.
Consumer confidence remains in the dumps, thanks in large part to rising prices in essential goods and services like housing. Contrary to the Trump administration’s preference for lower interest rates, the solution to the housing affordability crisis is to end the Fed, which created and still sustains the problem.
While it’s correct to criticize the Federal Reserve for inevitably bungling monetary policy, the Trump administration is wrong to criticize Jerome Powell and the FOMC for failing to cut rates. Printing money, contrary to President Trumps belief, is never the answer.
In a report released on Friday, the Fed provided a monetary policy update to congress, highlighting its perspective on keeping rates constant and its outlook on the future of the economy. The report comes after the Federal Open Market Committee (FOMC) kept its federal-funds-rate target locked at 4¼ %–4½ % for a sixth straight meeting […]
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in the very short-term (a few weeks to 1-2 months).
