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Robert Aro

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The Fed Finally Gets Some Tough Questions. And Fails to Answer Them.

05/04/2021Power & Market

Between various tests to determine policy, vague responses, and a general avoidance of answering questions directly, Powell didn't offer much other than a plan for providing perpetual liquidity injections under accommodative monetary conditions.

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"Transitory Inflation" Is the New Buzz Phrase at the Fed

04/27/2021Power & Market

The Fed may have found the way to dismiss concerns about price inflation: the Fed will now deem it "transitory."

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Your Check Is In the Mail: How "Stimulus" Checks Are Spent

04/27/2021Power & Market

It’s curious to see what spending is considered essential and which is not. Still, the bigger issue is the idea spending can be adequately tracked in order to illustrate where the stimulus checks have gone.

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At the Fed, It's "A Tale of Two Diversities"

04/20/2021Power & Market

The Fed now says it is deeply concerned with "diversity." But this only means the Fed is now seeking to bring on more people of racial and ethnic diversity who nonetheless will be in intellectual and ideological lockstep with the Fed's leadership. 

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Now You Can Join the Fed's Community Advisory Council

04/20/2021Power & Market

There could be a real opportunity to get on “the inside” of the Federal Reserve. Last Monday it was announced the Federal Reserve Board accepting applications for its Community Advisory Council.

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