R. Christopher WhalenMar 148 minQE & the Yellen Banking Crisis By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.
R. Christopher WhalenMar 116 minWho Killed Silicon Valley Bank?; The IRA Bank Book Q1 2023Last week not a single member of the Big Media managed to ask Fed Chairman Jerome Powell about the state of the US banking system
R. Christopher WhalenMar 21, 20226 minWill SOFR Be the Death of Jay Powell?If the Fed causes another liquidity crisis as it ends QE and shrinks the balance sheet, then Chairman Powell should immediately resign.
R. Christopher WhalenFeb 14, 20226 minThe Curse of Humphrey HawkinsIf you consider QE “stimulus” inflationary, then Fed policy actually accelerated inflation in the November-January period.
R. Christopher WhalenJan 21, 20225 minPowell, Yellen, Bernanke and Post-QE DeflationThe Powell FOMC has lost all credibility when it comes to financial markets or managing inflation and independence from the US Treasury
R. Christopher WhalenOct 25, 20216 minThree Questions for Chairman PowellLook for the FOMC to act early and go big in terms of forward repurchase agreements at the first sign of liquidity stress.
R. Christopher WhalenJun 28, 20215 minFed Hikes Rates, Rescues Money Market FundsWhen you hear people talking about the Fed tapering QE next year, you know they are behind the proverbial curve.
R. Christopher WhalenApr 27, 20215 minChairman Powell: Fine Tuning and Price StabilityEach burst of liquidity provided by the FOMC in response to a major externality creates the conditions for the next financial crisis