Radio Day- 8 February 2018
A bit of a wonky discussion on the radio today with the guest host. Policy stances for both fiscal and monetary policy were the major topics, mostly with relations to stock price movements. I could...
View ArticlePresident Trump’s Fiscal Follies
I caught numerous headlines last week about the President unhappy with the Fed raising rates (here is one from CNN). I am not going to get into whether the President can or cannot criticize the Fed,...
View ArticleThe Fed and Normalization
Over the last few weeks there were multiple calls to the radio show regarding the Federal Reserve’s recent interest rate moves and where they are going. There is a general questioning of why the Fed...
View ArticleTrade Policy, Fed Policy, and North Dakota
The Federal Reserve seems likely to continue raising rates into the foreseeable future making it a likely candidate for the ire of President Trump. The irony is that the President’s own trade policies...
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Yield Spreads
With the discussion of the Federal Reserve and policy decisions coming back in front of the national debate these days it seems some more interest rate data would be good to review. The...
View ArticleInterest rate decreases are a cure in search of an ailment
A question I got last week from the radio audience asked if interest rates needed to go down. In brief, my answer was, and remains, no. It is hard to find a metric by which the economy is not doing at...
View ArticleLe morte de politique monetaire
Information is always revealed, though whether it is interpreted correctly is another matter entirely. This week we learned that monetary policy as it was known, a policy made by an independent policy...
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Inflation in the ND Region
Like most regions the West North Central (WNC), which includes North Dakota, experienced inflation over the last year. That’s right, the last year. Let me say plainly, inflation is not a phenomenon of...
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Fed Funds Rate To Increase Soon
With the current inflation situation the Fed signaled pretty clearly there will be forthcoming increases in rates. The total number of increases? The end goal for the fed funds rate? Those are not...
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North Dakota Labor Markets & the Fed Funds Rate
(This ended up being a longer post than I thought at the start but consider that your warning.) The Federal Reserve is still in the process of tightening rates as continued national labor market...
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