Historically, inflation has often served as an acid test for democratic and authoritarian governments alike, because it represents a breach of the social compact between a country’s political leadership and its people. With inflation ticking back up in Russia, the risks for the regime have not been lost on President Vladimir Putin. BERLIN – The … Read more
Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy. Policymakers from around the world have traveled to the resort town of Jackson Hole, Wyoming for a two-day economic symposium hosted by the Kansas City Fed. In a speech … Read more
August 13, 2023 at 12:00 AM EDT I am old — I turn 60 next year. So I don’t believe in Santa Claus. I don’t believe in the Tooth Fairy. And I am pretty darned skeptical about Jay Powell’s “soft landing,” too. I’ve seen enough Fed chairs over the years to know that managing monetary … Read more