Monetary Policy
'Data Dependent’ Fed Will Change Policy Course If --and Only If -- Needed
FMI’s commentary on Powell’s policy comments and likely policy in 2019.
New Faces on FOMC Will Not Shift Policy Direction
FMI’s commentary on vacancies on the Federal Reserve Board of Governors and on the likely effect -- minimal -- of Trump’s nominees on policy.
FOMC Stays Course: Another Hike in December, Three in 2019
FMI’s commentary on today’s FOMC post-meeting statement and Powell’s news conference.
Fed’s ‘Third Mandate’ Will Compel Continued Tightening
FMI’s commentary on progress toward the Fed’s mandates, including the mostly-forgotten third one.
FOMC Takes ‘Strong’ Stand on the Economy
FMI’s commentary on today’s FOMC post-meeting statement.
Ultra-Dovish Minneapolis Fed Filed Early Rate Hike Request in June
FMI’s comments on today’s Fed Discount Rate Meetings for June.
For Powell Fed, Less Would Be More
FMI’s commentary on how Jay Powell could improve further on his pretty good start as Fed chairman. Unfortunately, we harbor no illusions that these recommendations will be adopted. We offer them as food for thought -- and perhaps a smile -- for a Friday afternoon.
Federal Tax Cut Means More Revenue for Some States
FMI’s commentary on complications for the states from the federal tax cut plus some other short topics
Data Round-Up: Core PPI Moderates, But Remains Well Above Fed Target
FMI’s analyses of this morning’s April PPI report, including a review of the latest high-frequency price measures.
Minutes Show FOMC Ready to Continue Gradual Hikes
FMI’s commentary on today’s January FOMC Minutes.