Federal Reserve Bank
Trump Eating Crow After Getting Less Than He Wanted from Iran War and the Federal Reserve
June 18, 2026
President Trump signed a memo of understanding with Iran to end the war with Iran, reopen the Strait of Hormuz and allow for a period of 60 days to address Iran’s nuclear program and hammer out remaining disagreements. While this signing is viewed as an important step toward reestablishing the supply of energy and other […] More
A Brave New Way of Conducting Monetary Policy
June 21, 2013
As noted in earlier updates, I was surprised by the clumsily handled signal that quantitative easing might soon be throttled back. It was out of character with Bernanke’s previous stewardship that had managed to limit the duration and depth of the U.S. 2008-9 recession and achieved a sturdier subsequent recovery than experienced either in Europe […] More
