Tag

The July FOMC meeting is complete with no change in rates. Unfortunately, we don’t know much else. If Fed Chair Kevin Warsh’s approach to Federal Reserve communication can be reduced to one operating principle for bankers and borrowers, it is this: expect less help from the Fed in predicting the next rate move.  A quieter…

Central bank independence is currently, and has long been, considered a cornerstone of economic stability in advanced economies. The Federal Reserve (Fed) is established by Congress with a dual mandate of maximum employment and price stability. Its structure is designed to resist direct political pressures. Yet, in 2025, the Fed faces its greatest institutional challenge…