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Topics discussed in this quarter’s commentary are:
The second quarter commentary offers a more in-depth discussion about the economy and investment in general. Our full report can be accessed here.
Chairman Warsh's first Jackson Hole keynote titled “In Our Time”, marking his 100th day. This note separates his points already on the public record (from his June 17 and July 29 FOMC press conferences and prior Congressional testimonies) from what the speech newly...
The Pension Protection Act turned twenty this month. The anniversary is worth marking because what the law changed was not a set of plan features but the structure of retirement security itself, taking on two of the three risks that the death of pensions had dropped...
FOMC Discussion Vigorous discussion centered on four questions: Implications of the past five years of high inflation on the current policy conjuncture. To echo an old phrase, has the past really passed? Considered the economic shocks of recent years. Strained supply...
Summary: Kevin Walsh presided over his first Federal Open Market Committee meeting as the Chairman, succeeding the immediate pass chairman, Jerome Powell, who remains as a governor on the Committee. At Chair Walsh’s April 21, 2026, Senate Banking Committee...
New Chairmanship & New Initiatives At any institution, a change in leadership is a natural and timely opportunity to reaffirm its mission, to review current practices, and to consider whether those practices best meet our objectives. The Committee will be working...