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Should the FOMC End Fed Funds Targeting? Issue CMOs?
As Chairman Powell said in the latest FOMC presser, the SOMA reinvestment plan is intended to get their duration down to that of the Treasury debt outstanding by allowing long duration MBS to be replaced by short-duration T-bills. Could the Fed have continued to shrink the SOMA further as Bowman and others have urged?
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Nov 59 min read


Powell FOMC Folds on Inflation
As the federal debt rises, bank reserves must rise as well and with it inflation.
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Sep 9, 20249 min read


Should FOMC Members Avoid the Media? The WGA Top 100 Banks
More often than not, Fed Governors use media appearances to enhance their personal celebrity rather than doing their jobs.
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Mar 4, 20246 min read
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