How the Fed’s Policies Are Creating Greater Inequality

“What did we learn [from the Minneapolis Fed report]? This new dataset shows clearly that U.S. wealth inequality is the worst it has been throughout the entire U.S. post-war period. We also know now that the U.S. middle class is even more“hollowed out” than we thought in terms of income, with any gains made by the lower-middle class sharply reversed after 2007.” Read more

 

Conflicting Government Data Shows the Importance of Sound Economic Theory

Even if we can observe amazing amounts of economic progress in the face of rising government intervention, in a relatively free economy, this can always be attributed to the resilience of the market system, and the power of human innovation and productivity. Read more

 

Fed’s Evans: time to keep raising rates

Chicago Fed President Charles Evans told CNBC that he’s comfortable to continue raising interest rates despite President Donald Trump’s criticism. Evans declined to directly address Trump’s recent remarks and said the Fed has “autonomy” from political pressure. Read more

 

Trump: Fed has ‘gone crazy’ after Dow tumbles 830 points in one day

‘I think the Fed is making a mistake. It’s so tight, I think the Fed has gone crazy.’ That’s the view President Donald Trump shared of the Federal Reserve on Wednesday in the wake of a virtual bloodbath on Wall Street that resulted in the worst daily decline for the Dow Jones Industrial Average and the S&P 500 index since…early February.  Read more

 

China Trade Data Suggests Trump Is Not “Winning” The ‘War’

While most attention among global onlookers is focused on the almost unbelievable divergence between US and Chinese stocks this year, actual ‘real’ Chinese import and export data suggest President Trump is far from winning this trade war… in fact it’s never been worse. Read more

 

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