June 18 2019
Most people would agree that the Federal Reserve has become a leading proponent of supporting asset prices. While there is a precedent for this behavior, the Powell Put may not be in economy's best interest.
June 17 2019
Research from the European Central Bank shows that the euro has gained momentum as a global reserve currency while the US dollar has shrunk. Issuers of reserve currencies benefit from great privileges in the market; a growth in the euro at the expense of the dollar should be watched carefully.