by Andrew Moran | May 28, 2023 | Articles, Columns, Economic Affairs News, Opinion
Federal Reserve Chair Jerome Powell might have cranked up Giuseppe Verdi’s Requiem, specifically the second movement, after reading the latest inflation data. It was a disappointing two days late in the week as price pressures remained sticky, stubborn, and...
by Andrew Moran | May 17, 2023 | Articles, Good Reads, Politics
The X-Date – the day when the US Treasury will no longer be able to meet its obligations if Congress fails to raise the debt ceiling – is fast approaching. Washington has only a couple of weeks to increase the debt limit until hellfire and brimstone ostensibly sweep...
by Andrew Moran | Mar 23, 2023 | Articles, Economic Affairs News
Can the American people feel confident about their deposits in US banks? It depends on whom you ask. Federal Reserve Chair Jerome Powell all but confirmed that depositors could sleep easy at night knowing their money is safe. Treasury Secretary Janet Yellen rejected...
by Andrew Moran | Jun 2, 2022 | Articles, Economic Affairs News, Opinion
President Joe Biden is reminding the American people that he respects the Federal Reserve and its independence. Despite the central bank getting nearly everything wrong since the early days of the coronavirus pandemic, the White House is encouraging the public to have...
by Andrew Moran | Apr 13, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
The US annual inflation rate hit 8.5% in March, topping the market forecast of 8.4%. The White House attempted to brace the country for the soaring prices at a pre-report news conference, calling it an “extraordinarily elevated” reading of America’s cost-of-living...