Source The repo market hit some road bumps last week. Trading pressures in this key funding market pushed repo interest rates well...

Dollar Dominance I have been part of a dollar dominance conversation for the past few weeks. It started with my NRO article,   discussion...

I have a new article  where I make the case that the U.S. financial system acts as a banker to the world: it tends to issue safer assets to...

Just a quick note on a couple of my papers that recently got published. First,  Josh Hendrickson and I published in the Journal of Money, C...

Last December, I participated in an AEI event where I made the case that the Fed's current floor operating system could collapse into ...

Over the past decade, inflation has persistently undershot the Fed's inflation target. The Fed's preferred measure of infla...

The FOMC voted this week not to raise its target interest rate and signaled no additional hikes are planned for this year conditional on t...