Global Economic Growth: Hoping For a Soft Landing

With a global economic growth slowdown and climbing inflation, the challenge will be achieving a soft landing.

March 2022 Friday’s e-links: A Legendary Inflation Fighter

Our March e-links continue with how “The Daily” lets us really understand current Fed policy by looking at the 1970s/1980s and Paul Volcker.

Why We Should Try Not To Expect Inflation

Whether looking at 2022 or 1979, we would see that our inflation expectations can become a self-fulfilling prophecy.

One Song, Two Graphs and the Fed’s Dual Mandate

Because the Congress established a dual mandate of high employment and price stability for the Federal Reserve’s monetary policy, they created a dilemma.

When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary authorities target inflation with tight monetary policy, then interest rates go up and further…