The Fed Changed Its Approach to Inflation. Will It Change Its Policies?
Price-level targeting would be more effective than average inflation targeting.
Federal Reserve
What the Blue Wave Means for Economic Policy
On the menu today: how a weak dollar could unravel U.S. economic policy, Facebook bans Trump, the case against Big Tech antitrust, and Reagan’s Imperial Circle.
Where Is Jack Ma?
On the menu today: the disappearance of a Chinese billionaire, SOE defaults, and the mounting risks to China’s financial system.
Passing Scenes
On Mitt Romney, the Republican Party, John le Carré, and more.
Well, That’s a Relief
On the menu today: Relief at last (plus added waste), the wisdom (or not) of lockdowns, bubble watch, chicken sandwich mania, and an antitrust refresher.
Pandemic Inflation
On the menu today: why stimulus isn’t likely to cause inflation, how the pandemic is strengthening large corporations, and some links from around the web.
Fed Will Maintain Asset Purchases until Employment Recovers
On the menu today: FOMC December meeting, the dollar’s global-reserve status, a theory of IPO pops, and a look at yield-curve control in the mid 20th century.
The Fed Joins the Climate Club
On the menu today: the Fed joins the climate club, the end of the free Internet (maybe), California (still) looking at tax increases, New York’s food vendor crunch, and a ...
The Capital Letter: Week of November 30
Unemployment woes, the Fed Trap, and much, much, more.
Palantir’s Eye-Popping Rally
On the menu today: Palantir shares skyrocket, a giant of labor economics passes away, Slack in acquisition talks with Salesforce, and Yellen’s plans for Treasury-Fed cooperation.