According to the International Monetary Fund, the entity in charge of monitoring the international monetary system, there are eight major reserve currencies: the Australian dollar, the British pound … (View Post)
don't knock it, Gertrude a recession may be your best hope of inflation below 4% of course, inflation above 4% and a recession is also in the cards (View Post)
A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, waste no time in pushing the greenback back to its lowest levels in … (View Post)
The importance of an independent Fed was cemented for most economists after the extended inflation spike of the 1970s and early 1980s. Former Fed Chair Arthur Burns has been widely blamed for allowin… (View Post)