Because long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate; that is, the Federal Reserve seeks to promote the two...

Because long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate; that is, the Federal Reserve seeks to promote the two...

Comments on Warsh’s Jackson Hole Speech

Comments on Warsh’s Jackson Hole Speech

“Haste still pays haste, and leisure answers leisure;

“Haste still pays haste, and leisure answers leisure;

Why the Federal Reserve’s retreat from clear communication matters

When I first encountered Kevin Warsh’s public remarks, particularly his April 2025 IMF lecture hosted by the G30, titled “Commanding Heights: Central Banks at a Crossroads,” I was struck by the florid...

When I first encountered Kevin Warsh’s public remarks, particularly his April 2025 IMF lecture hosted by the G30, titled “Commanding Heights: Central Banks at a Crossroads,” I was struck by the florid...

When I first encountered Kevin Warsh’s public remarks, particularly his April 2025 IMF lecture hosted by the G30, titled “Commanding Heights: Central Banks at a Crossroads,” I was struck by the florid...

A daily game: can you guess the UK rail station?

Recovering from the Covid-related economic shock, and not yet having fully absorbed the Trump tariff shock, we must now contend with the Iran war.

Recovering from the Covid-related economic shock, and not yet having fully absorbed the Trump tariff shock, we must now contend with the Iran war.

This post is a set of my observations on the current war in Iran and my thoughts on the broader strategic implications. I am not, of course, an expert on the region nor do I have access to any spec…