A Primer on The Federal Reserve's Independence
President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high. Trump has also threatened to oust Powell — which would mark an extraordinary shift away from the independence of the central bank.
Today on the show, three Indicators: a short history of the Federal Reserve and why it's insulated from day-to-day politics; how the Fed amassed a ton of power in recent years; and a Trump executive order that took some of that power away.
Economic Dynamism
Partisan Trust in the Federal Reserve
This paper examines partisanship in public perceptions of the Federal Reserve.
The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated
This paper challenges the prevailing narrative that stagnant wages are causing the American dream to fade. It contrasts subjective public opinion with revised objective intergenerational mobility measures.
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A Most Favored National Policy for Pharma Drugs Makes Sense
"Most favored nation" pricing can help make America's pharmaceutical marketplace more competitive.
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The High Cost of California’s Green Energy Policies
California can only prosper if it can develop affordable, reliable energy from all sources, including the state’s fossil fuel supplies.
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