Federal Reserve Archive
Revisiting Last Week’s Selloff - It’s All About Oil, The Dollar And Inflation
Every weekend I write a client note in which I attempt to summarize the week's action and highlight significant events. As I was writing it last night I was struggling to make sense of the ...
Posted by Greg Feirman · No Comments »
Fed On Pause - For Now
June 25, 2008 · Category: Market Commentary, Federal Reserve
Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased.
- Fed Statement, June 25
After 7 consecutive cuts in the Fed Funds rate ...
Posted by Greg Feirman · No Comments »
Dow Chemical Raises Prices Again
Less than a month after announcing across the board price increases to combat rising energy and raw materials costs (May 28 Press Release), Dow Chemical (DOW) is at it again announcing additional across the board ...
Posted by Greg Feirman · No Comments »
What Ever Happened To Thrift?
June 10, 2008 · Category: Macro Economics, Culture and Current Events, Business Culture and Current Events, Federal Reserve, Geopolitics
The people who created this country built a moral structure around money. The Puritan legacy inhibited luxury and self-indulgence. Benjamin Franklin spread a practical gospel that emphasized hard work, temperance and frugality. Millions of parents, ...
Posted by Greg Feirman · No Comments »
Bernanke Continues To Jawbone About Inflation
Moreover, the latest round of increases in energy prices has added to the upside risks to inflation and inflation expectations. The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations, as ...
Posted by Greg Feirman · No Comments »
Front Page WSJ Article On Bernanke’s Speech Yesterday
[Chairman Bernanke] went today where no other Fed chairman has gone in my 20 years of doing this. He dove into the deep end of the dollar policy pool.
- David Gilmore (subscription required), Foreign Exchange Analytics
As ...
Posted by Greg Feirman · 2 Comments »
Bernanke Talks Up The Dollar
June 3, 2008 · Category: Commodities, Market Commentary, Federal Reserve, Foreign Exchange, Inflation
In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our economy has faced over the past year or so have generated some downward ...
Posted by Greg Feirman · No Comments »
Why Yesterdays Rally Is Happening Today
May 1, 2008 · Category: Market Commentary, Federal Reserve
Whenever the Fed says or does something that is subsequently misinterpreted, they have a few back door methods to correct the error. Two in particular were used fairly regularly. Call it the Fed edit/correction methodology.
When ...
Posted by Greg Feirman · 3 Comments »
Two Decades Of Easy Money
April 30, 2008 · Category: Macro Economics, Federal Reserve
Do we have the wit and the wisdom to restore an environment of price stability without impairing economic stability? Should we fail, I fear the distortions and uncertainty generated by inflation itself will greatly extend ...
Posted by Greg Feirman · No Comments »
Bernanke Plays It Safe
April 30, 2008 · Category: Market Commentary, Federal Reserve
Today's FOMC decision is kind of a dud. They played it pretty much as safe as they could: they cut 25, as everyone was expecting, and they made only very, very slight adjustment to the ...
Posted by Greg Feirman · No Comments »
