Federal Reserve


Last week, the Commerce Department announced the U.S. economy grew at 3 percent for the second quarter in a row! If this initial estimate holds up, our economy will compete for its third straight quarter of 3-plus percent growth which, if achieved, would be the first time we landed this economic “hat-trick” since before the […]


Last week, President Trump released a budget plan that was widely praised by conservatives for reining in future spending. However, buried near the back of the budget (page 51) is one item in need of further attention — the Trump administration’s interest rate projections. Under Trump’s budget, interest rates on 10-year bonds are projected to […]


Arizona just became the second state, after Utah, to remove state income tax from gold and silver coins. Ron Paul, for one, is cheering: Every supporter of free markets should cheer Arizona’s passage of HB 2014. There is no more justification for forcing individuals to use government created money than there is for forcing them […]


This article was originally posted at the Epoch Times. If you visit the Federal Reserve’s Facebook page, you will seldom find a positive comment. That’s because people who don’t care about central banking won’t go to the Fed’s Facebook page. That leaves only the ones who are positive about it—if they exist—and the ones who don’t […]


Recently, Politico reported that former Treasury undersecretary Randy Quarles will likely be nominated as the Federal Reserve’s top bank regulator. Since a potential Quarles appointment is viewed by some as a continuation of “business as usual” at the Fed, it’s prudent to revisit the Fed’s recent ineptitude that has shrunk its credibility. This Friday, the […]


Former Fed Chair Alan Greenspan praises the gold standard in the February 2017 issue of The World Gold Council’s Gold Investor. Therein he makes what may be his strongest statements to date in praise of the gold standard. Here are some of the highlights. Toward the end of this interview he offers a Big Reveal: […]


Remember when Donald Trump advocated for the gold standard on the campaign trail? GQ remembers: Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We’d have a standard on which to base our money. And as Bloomberg’s Michelle Jamrisko highlighted last May, the GQ interview did not […]


In The Daily Caller, freelance writer Johannes Schmidt writes “On November 8th I’m Voting For Our Next Fed Chair.” It’s an especially astute column. While many commentators correctly have focused on the effect of the election outcome on appointments to the Supreme Court, too few have focused on the next president’s appointments to the Fed. […]


federal reserve image

US News and World Report‘s Andrew Soergel reports that “With White House in Sight, Trump, Clinton Plan Fed Renovations: No matter who wins the election, times are likely changing at America’s central bank.” “The Fed” really is a synecdoche for monetary policy. Monetary policy used to be, off and on, a significant factor of presidential […]


Left-leaning thought leaders have been unfairly scalding Donald Trump for his recent observations that the Federal Reserve is politicized. Therein an inconsistency, verging over into naked hypocrisy, by the left is revealed. The LA Times summed up the story in an article headlined “Is the Fed Politically Biased“: Every four years, the independent Fed faces […]


In calling for 4 percent growth, Donald Trump hit a home run. He has the right instincts. If he follows them he can turn this home run into a grand slam. When Jeb Bush declared his candidacy, he did it in a speech demanding no less than 4 percent growth: Growth above all. A growing economy, […]


I’m fed up with the Fed too, with its chronic policy failures. A lot of evidence shows the Federal Reserve to be a prime cause of lackluster job growth and sluggishness in wage increases. That said, sometimes a cure is worse than the disease. Now the left, with the support of Hillary Clinton, is threatening […]


On Monday, Donald Trump stated what is essentially a fact to anyone who follows financial markets — the Federal Reserve has created a “false economy” that has artificially inflated the stock market. Via Reuters: “They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address […]


federal reserve image

After meeting with progressive lobbyists at the Federal Reserve’s annual Jackson Hole retreat, Fed policymakers declared on Friday that the Fed needed new “tools” to manage the economy, including the ability to buy non-government-backed assets like corporate debt, which would add to the Fed’s historically gargantuan $4.5 trillion balance sheet. On Sunday, The Wall Street […]


“Houston, we’ve had a problem here.” With those low-key words, command module pilot Jack Swigert of Apollo 13 revealed that, in the later recollection of mission commander James A. Lovell, its “oxygen tank No. 2 blew up, causing No. 1 tank also to fail. We came to the slow conclusion that our normal supply of electricity, […]


The Federal Reserve recently decided to create a Facebook page to interact with the American people. So far, the page has received very little attention — just 11,250 likes. It has, however, received the attention of a committed group of anti-Fed activists, and the results have been pretty hilarious. How did the Internet respond to […]


Jeff Bell, the American Principles Project’s Policy Director and occasional contributor to The Pulse 2016, was recently featured in an interview with National Review writer Neal Freeman about the 2016 election and the rise of Donald Trump. Although some conservatives have strenuously opposed Trump’s nomination as the Republican Party’s standard-bearer in 2016 and have refused to support him, […]


When I sat down to read John Tamny’s fantastic new book — Who Needs the Fed? — I expected a tome about the errors taking place at the Federal Reserve, specifically in regard to zero-interest rate policy and quantitative easing. And yes, in some respects, Tamny fulfilled that expectation. But Who Needs the Fed? digs […]


Donald Trump (photo credit: Gage Skidmore)

Earlier this week in The Huffington Post, columnist Ben Walsh unleashed a fierce attack on the economic policies of Donald Trump, writing that Trump’s proposals “would cause a recession and maybe worse.” Among the policies that Walsh singled out for critique was Trump’s support for the gold standard: There’s also the gold standard, to which Trump […]


So, as the headline has it, begins the subtitle of John Tamny’s latest book, Who Needs the Fed? It might have been even more aptly titled The Emperor Has No Clothes. It explodes the myth that government agencies, especially the Federal Reserve System, can be a force for prosperity and with justice for all. John […]