Try to recall a period when the Fed has misjudged inflation and labor market dynamics as poorly as they have in the past year. The Fed...

Investors and analysts reacted quickly to the potential legislative defeat of President Biden's Build Back Better Act. Yet, history says...

Having erred in calling the inflation surge transitory, the Fed appears to be making another error in assessing the labor market. The...

Consumer prices rose 0.8% in November, pushing the increase in the last 12-months to nearly 7%. That represents the most significant...

Two decades ago, I created a broad price index to correct the conventional price measures statistical deficiencies and incorporate asset...