Financier and lawyer Kevin Warsh was confirmed as chair of the Federal Reserve by the U.S. Senate on May 13 and officially took his position on May 15. The Fed’s dual mandate from Congress is promoting maximum employment and stable prices (i.e., controlling inflation). Warsh’s first meeting of the Federal Open Market Committee (FOMC), the Read more
Stagflation
Horns of a Dilemma: Is Stagflation on Its Way?
As the effect of the Trump administration’s fluctuating tariff policies have heightened uncertainty for consumers and the markets, economists have begun to worry about the looming risk of stagflation, an economic condition not seen in the United States since the 1970s. Though the U.S. economy is still in a “strong position” according to the Federal Read more