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For two years, the Fed has battled inflation with a restrictive stance. But Chair Powell’s recent Jackson Hole remarks mark a notable shift. He acknowledged the difficult balance of the Fed’s dual mandate, saying: “In the near term, risks to inflation are tilted to the… More >>

  This week we will hear the scholars and PhDs of the Federal Reserve pontificate at their annual retreat in Jackson Hole. The topic will likely center around Federal Reserve independence and the ruling elite. What I hope they talk about is who counts in a crisis. The… More >>

The weak jobs numbers put a shadow on what could be an economy still on decent footing.  The biggest growth is coming from the market’s leaders and the wealthiest households — and that concentration, while worth watching, may be more of a strength than a weakness right… More >>

As expected, last week’s data dump told us a great deal about the Trump economy. On the one hand, the U.S. economy grew at a solid 3% pace in Q2. Most of that growth was driven by a significant adjustment to trade, which added considerable momentum. Notably, the… More >>