I think monetary restraint does influence the economy, which feeds through into the inflation process. But gosh, we ought to be doing everything we can on the supply side. Any time anybody sees a bottleneck, we ought to be going after it.

In an economy that's growing faster than potential, with an unemployment rate that has a three handle in the presence of massive and growing budget deficits and especially easy financial conditions, the idea that inflation would remain robust or even accelerate should not be a…

On current facts, a rate cut in June would be a dangerous and egregious error comparable to the errors the Federal Reserve was making in the summer of 2021. We do not need rate cuts right now.

bloomberg.com/news/articles/… via Bloomberg Economics

The idea that inflation would remain robust or even accelerate should not be a surprise to anyone. Watch my interview today with David Westin Bloomberg TV

“I see no case for a cut in June but facts can change,” Former US Treasury Secretary Lawrence H. Summers says trib.al/EaLy0rr

.@lhsummers, former US Treasury Secretary and Wall Street Week contributor, says he's not surprised inflation rose again in March, but he says an interest rate cut in June by the Federal Reserve would be dangerous trib.al/K5aJP36

You have to take seriously the possibility that the next rate move will be upwards rather than downwards.

bloomberg.com/news/articles/… via Bloomberg Economics

Today. LIVE at 11:15am ET talking CPI with David Westin Bloomberg TV

The Federal Reserve should be hording its ammunition not pumping up bubbles with easy money at a time of rapid growth and epically loose financial conditions. Watch my interview with David Westin Bloomberg TV.

bloomberg.com/news/videos/20…

There is no way to judge policy without knowing the neutral rate. Watch my interview last night on Bloomberg TV.

bloomberg.com/news/videos/20…

This was a hot jobs report that suggests, if anything, the economy is reaccelerating. This is very different from what most people were expecting and fits the thesis that the neutral rate is higher than people suppose and tight money is much less potent. bloomberg.com/news/videos/20…

This was a hot jobs report that suggested that, if anything, the economy is re-accelerating. It seems the evidence is overwhelming that the neutral rate is far higher than the Federal Reserve supposes.

Watch my full interview with David Westin Bloomberg TV tonight.…

'He's not the Oracle of Delphi, but he is Larry Summers....'

Listen to my conversation with Josh King on our housing shortage, mortgage rates, title insurance and financial innovations for the sake of people not for the sake of money.

ICE Inside the ICE House 🎧…