The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly. Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude…

In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over…

After discussing the nature of the Fed’s annual audit in my previous article, I will now share the highlights of the 2020 audited financial statements. Starting with one, if not the largest, balance sheets on the planet: As of December…