Peter's Blog

The Federal Reserve is upheld as a scientific and prestigious institution capable of reining in the excesses of an unregulated economy. In public, Fed officials project confidence and candor, but in private they sometimes acknowledge the problems with centrally planning money. The following article was originally published by the Mises Institute. The opinions expressed do […]

Federal Reserve Governor Christopher Waller told the Society of Professional Economists in London Monday night that he backs another 25-basis-point cut at the December FOMC meeting, calling the move “additional insurance” against a slowing labor market. His speech, delivered barely a month after a 43-day U.S. government shutdown halted many official releases, leaned heavily on […]

Federal Reserve Governor Christopher J. Waller used a Thursday night speech at the Economic Club of Miami to press, yet again, for easier money. Declaring that “the time has come to ease monetary policy and move it to a more neutral stance,” the long-time dove said he would have cut rates in July and plans […]

Federal Reserve Governor Christopher J. Waller used a Dallas Fed podium Thursday to peel back the curtain on the central bank’s swollen balance sheet—and to argue that a slim-down is overdue but shouldn’t be draconian. Since 2007, Fed assets have ballooned from $870 billion (about 6 percent of U.S. GDP) to roughly $6.7 trillion, even […]