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Tate Lacey

Former Policy Analyst, Center for Monetary and Financial Alternatives
Blog

The Fed Sticks to Its Plan, the Market Moves

The minutes of the Federal Reserve’s June FOMC meeting were released yesterday and there were few, if any, surprises. The minutes show a policy discussion hewing close to the Fed’s normalization plan.

Blog

Could Next Vice Chair Bring A New Rule to the Fed?

Adopting the proper target would improve monetary policy, in terms of both credibility and effectiveness, and address many of the concerns voiced by Senators today—from seeing escalating home foreclosures during downturns to having the Fed employ multiple rounds of QE to combat those slowdowns.

Blog

Trump Taps Jerome Powell to Chair Fed

Powell ended a February speech by saying, “Policy should be systematic, but not automatic.” If the Fed delivers on that promise under his leadership, it will be taking a step in the right direction.

Blog

Balance Sheet Wind Down Good, But Not Simple

Today the Federal Reserve is set to announce the schedule for unwinding its balance sheet. This is a step in the right direction, but it also has the potential to increase the risk of a recession.