“If you want to bury an idea in Washington, form a commission,” Grant quipped. “The DOGE Commission, the directive on government efficiency, ladies and gentlemen, has two CEOs.” He added, “To bring down government spending and to reduce the growth in public debt, President-elect Trump...
Both benchmarks are guided by the same macroeconomic forces, but at its most basic level, Treasury yields rise and fall due to investors’ expectations for inflation and economic growth, along with the public’s appetite for borrowing from the government....
While the debt ceiling negotiations are taking place, there will be a period in which the debt ceiling is binding the Treasury from issuing bonds. During this time, the Treasury will be forced to draw down its Treasury General Account (TGA) to fund government obligations, which will temporarily...
The current scenario is simple: the U.S. is correcting its own previous mistake, with the whole world suffering from high risks of economic recession, domestic inflation and widespread financial crisis and debt crisis. The Fed and U.S. government will not care about the world, ...
In this episode, Kathy and Liz Ann discuss the broader macroeconomic outlook and central bank policy for the second half of the year. They cover topics such as inflation, Fed policy, the U.S. economy, the labor market, and the impact of debt and deficits. They also highlight the importan...
The public debt could approach 100 percent of U.S. GDP by the end of the next decade and 152 percent by 2048, reaching the highest level in the U.S. history, according to the CBO.
In a broader sense, there has been no progress at all on inflation in eight months. ByWolf RichterforWOLF STREET. The sharply falling prices since mid-2022 of energy such as gasoline, and durable goods, such as motor vehicles, had c...
The large financial firms in New York preferred a structure like the Bank of England with no government participation. 鈥A. MeltzerCato JournalMeltzer, Allan H. 2014. Current lessons from the past: How the Fed repeats its history, Cato Journal 34, 519-539....
public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government. ...
Elon Musk, who is leading President Donald Trump’s Department of Government Efficiency aimed at cutting back on government spending, said last month the Federal Reserve is “absurdly overstaffed.” The Tesla CEO has promised to help cut the number of federal government employees as a means of...