Data & financial journalist covering global economics and policy
Updated from my previous post on “The inflation metrics that could give Warsh room to cut rates” If you’ve followed Kevin Warsh long enough then his views on inflation should not surprise you. His first interest-rate decision as Fed chair has a clear message: rate cuts are no longer the central bank’s base case. The…
Kevin Warsh’s preferred inflation measures run well below the core PCE. A shift to a new and alternative inflation measure means strengthening the case for earlier interest rate cuts.
The curious case of the 2% inflation target and why most central banks won’t let it go.
Interest rate cuts are no longer easy for the Fed. With ongoing Iran conflict and volatile oil markets, it may even consider rate hikes to ensure inflation remains stable.