Several days ago a colleague of mine, referring to the Niskanen Center's recent conspectus, wondered whether Bill Niskanen, the former Chairman of the Cato Institute after whom the Niskanen Center is named, would have agreed with a claim it made. The claim was that promoting sound monetary…
On November 16th, over 200 people gathered in the Hayek Auditorium here at the Cato Institute in Washington, DC, to explore the future of monetary policy at our 35th Annual Monetary Conference. The all-day affair featured four panels of distinguished speakers — including Stanford economist John B….
Members of the House Financial Services Committee made some progress on monetary reform this past week by introducing three new bills on November 7th and 8th, which are to be marked-up in Committee on Tuesday — along with a host of other financial services related bills. The…
President Trump’s nomination of Jerome Powell as the next chairman of the Federal Reserve System is a bet that he will continue Janet Yellen’s policies and not rock financial markets. The expectation is that Powell will follow the Fed’s already-announced normalization schedule, which calls for slowly reducing…
The president just announced his pick to chair the Federal Reserve System. Subject to Senate confirmation, current Fed governor Jerome “Jay” Powell will succeed Janet Yellen as Fed chair in February 2018. Market reaction to this announcement has been sanguine, with commentators describing Powell as the "continuity candidate."…