BEA Releases Q1 GDP: 0.7%
The BEA released advanced data for 2017's first quarter GDP, reporting a low 0.7%. This is the worst reading in 3 years. The narrative is coming undone.
The Fed
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Atlanta Fed Cuts Q1 GDP Forecast
Once again the Atlanta Fed's GDPNow forecasting model has been cut, reflecting a sharp challenge to the Fed's "healthy economy" narrative.
Gary Cohn for Fed Chair?
Wall Street rumors are swirling that former Goldman CEO Gary Cohn could replace Janet Yellen as Fed Chair.
Kashkari: Education, not infrastructure, is key to growth
Neil Kashkari vision of central planning emphasizes education spending rather than the more popular infrastructure narrative.
Upcoming Fed Events and Speeches
Here are the Fed's upcoming events and speeches for the coming week.
Robert Kaplan: Interest Rate Hikes and Balance Sheet Reduction
Robert Kaplan on Thursday weighed in on 2017's three rate-hikes and the coming balance sheet reduction effort.
Alan Greenspan, Sellout
In his attitude toward compromise, Alan Greenspan is the polar opposite of Murray Rothbard.
Stanley Fischer on the Balance Sheet: There will be no Tantrum on Wall Street
Stanley Fischer said on Monday that a negative market response to balance sheet reduction was unlikely.
Luddy: The Fed’s Risky Uncharted Course
The Fed has strayed from its initial charter and is now the primary enabler of federal deficit spending and debt, which is now almost $20 trillion.
