When speaking about inflation forecasting, it’s important to set expectations. Forecasting is a notoriously difficult business; if I could do it well, then I wouldn’t
If 2022 has taught us anything, it is that our understanding of the inflationary process is woefully incomplete. Increasingly, it seems that the easy money
Introduction Inflation is perhaps the least well understood phenomenon in economics. Once said to be exclusively a monetary phenomenon, our current predicament is significantly more
Much has been written about the Federal Reserve in recent months. Indeed, much of the discourse has focused on expansion of the Fed’s balance sheet
Something that I’ve struggled with over the past few months is how to reconcile the flood of seemingly disparate economic and financial data. By any
In recent months the Federal Reserve has unleashed battery of programs designed to support asset markets. To date they have been able to settle markets
An important concept when discussing inflation is that of Potential GDP; also referred to as “trend GDP”. Potential GDP is a measure of the US’s
At least one thing is true about economics: everyone has an opinion about it. CNBC has program after program and tens of thousands of hours
The 20’s have really started off with a bang (technically a shutdown, but that’s a boring hook)! Four months in and we are truly in
More young Americans are enrolling in college than ever before. In 2017 there were approximately 16.8 million undergraduates enrolled at 4-year, degree granting colleges and