Alex Williams

This past week saw a flurry of fedspeak with a bit of a common theme: waiting for the data. The next few weeks leading up to the June meeting will see new readings from a wide range of indicators, PCE and Jobs Day most important among them. Presumably FOMC members

Investments in improving and expanding the grid are potentially a strong tailwind to the macroeconomic investment picture. Just electrical transmission, distribution and industrial apparatus represents around 5% of business equipment, around 2% fixed investment and around 0.3% of GDP...

With most of the week covered by the Fed’s blackout period and FOMC meeting, updates are light on this week’s Fedspeak Monitor. On Wednesday, Chair Powell made sure during the press conference everyone understood that the decision to shift from: “We no longer state that we anticipate that

With most of the week covered by the Fed’s blackout period and FOMC meeting, updates are light on this week’s Fedspeak Monitor. On Wednesday, Chair Powell made sure during the press conference everyone understood that the decision to shift from:

Some are already beginning to worry about the Inflation Reduction Act “crowding out” investment by the private sector. Yet the private sector is seeing things differently. In the most recent earnings call from major US steel producer Cleveland Cliffs, spending from the IRA was explicitly cited as a reason to

The Fed is worried about PCE Core Services ex-Housing (CSXHP) because it sees this category as the least likely to see disinflationary progress owing to wage pressures. However—as we have pointed out—CSXHP is composed of...

The Fed is worried about PCE Core Services ex-Housing (CSXHP) because it sees this category as the least likely to see disinflationary progress owing to wage pressures. However—as we have pointed out—CSXHP is composed of a number of components...

The following was originally presented as “Towards Macroprudential Fiscal Policy” at the  Coordinating the Supply Side: Creating a Systemic Industrial Policy for the 21st Century conference put on by the Berggruen Institute in December 2022. In light of recent discussion about the scope, aims, and variety embedded in industrial policy,