

In December 2022, then-Senator Pat Toomey (R-PA) introduced the Federal Reserve Accountability Act. It is intended to increase accountability, address left-leaning political activism, and ensure greater geographic and professional diversity within the Federal...
Efforts to depoliticise the Fed will likely make matters worse

After the speakership fight
What now in the house? The lengthy speakership battle in the House of Representatives this month ended with both sides able to declare victory. This is the best outcome for the Republicans, who probably couldn’t have afforded either alternative: a crushed rebellion or...
After the speakership fight

If you despair about British politics, just be thankful you aren’t in America
One of the best written and most thought-provoking political books in recent decades was Jonathan Freedland’s Bring Home the Revolution. Essentially a paean of praise to American democracy, it skewered the knee-jerk anti-Americanism of so many of Freedland’s...
If you despair about British politics, just be thankful you aren’t in America

The US Federal Reserve changes tack in response to lower house prices
Today’s title is a little tongue in cheek, but there is also quite a lot of truth in it. The chair of the US Federal Reserve has had particular influence over foreign interest rates this year via the ‘King Dollar’ period that exacerbated inflationary...
The US Federal Reserve changes tack in response to lower house prices

The US housing collapse continues
Sales of existing homes sank another 5.9% in October to a 4.43 million seasonally adjusted annual rate. That is the ninth consecutive monthly decline, leaving the selling pace at the lowest level since May 2020, the low of the lockdown recession. Excluding the...
The US housing collapse continues