In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital currency. Is there any progress on the digital dollar? Emmer asked “What substantiveRead More →
Here are three ideas I’ve come across recently. Let’s break them down. 1. Should we ban billionaires? Democratic presidential contender Bernie Sanders says we should ban billionaires. It’s all part of the growing trend in the idea of wealth taxes that have become popular with some Democrats. It sounds likeRead More →
Getty Images Fed Chairman Jerome Powell NEW YORK (Project Syndicate) — The Federal Reserve surprised markets recently with a large and unexpected policy change. When the Federal Open Market Committee (FOMC) met in December 2018, it hiked the Fed’s policy rate to 2.25-2.5%, and signaled that it would raise theRead More →
