Why Fed independence doesn’t matter to financial markets
The financial markets are not especially concerned by the threats to the Fed’s independence.
The financial markets are not especially concerned by the threats to the Fed’s independence.
If financial markets and politicians can’t be expected to apply pressure to reverse tariff policy, or at least go a little easier, will the US Supreme Court prove the...
The US dollar has made a modest recovery in recent months after the carnage seen in the first half of the year. Most economists suggest that the US is following a number...
FED independence has increased over time and inflation has come down. But correlation is not the same as causation.
Even if some of the uncertainty related to the US’s erratic tariff policy starts to ease off, there are still the economic impacts of tariffs to consider and, these are...
Just as the dust starts to settle on the level of tariffs that the US Administration plans to levy on individual countries, so new sources of uncertainty arise as the...
Many economists and financial markets are banking on only a modest and temporary lift to US inflation from tariffs.
Federal Reserve Chair Powell continues to come under attack from President Trump and it does seem to have started unnerving the markets a bit. But what can the...
The US dollar continues to recover modestly after the plunge seen so far this year but many analysts doubt the rebound will last too long or get too far.
The Trump Administration has moved at breakneck speed this year with tariffs, tax cuts, deportations and more. Are there any brakes on the pace of and extent of US...
Financial markets seem to be assuming that high US tariffs won’t stick. That continued delay in their implementation combined with progress in tariff-reducing trade...
If this week’s tariff reveal from the Trump administration provokes another bout of heightened risk aversion will the US dollar rise, as befits its customary safe-asset...
The so-called ‘strong dollar’ policy is 30 years old. It has been adopted by successive US treasury secretaries but its meaning has changed over time. However, this...
If the one big, beautiful bill (OBBB) gets through, it won’t really be cutting taxes at all and that could be important when it comes to the fate of the US dollar.
The factors driving the US dollar seem to be pushing the greenback in the direction of an even bigger slide. The US dollar has already fallen by more than 10% this year...
Many analysts think that while the U.S’s attack on Iran could temporarily lift the greenback, it won’t reverse the longer-term decline.
The global economy has been trying to reconcile the recent tariff announcements made by US President Trump.
When the world’s largest importer engages in a trade war with the rest of the world, it must be engaging in a capital war at the same time.
As long as the Fed holds out against Trump’s pressure for lower rates, the more the US dollar could further.
The outlook for the US dollar in coming weeks and months seemingly depends on the outcomes of three particular uncertainties.
With his unique and unpredictable negotiating style, President Donald Trump has turned tariffs into a powerful diplomatic tool, ushering in a new phase in his global...
The US Administration’s defeat in the federal Court of International Trade on Wednesday exposes two problems with tariff policy.