Poland: For Now It’s Still a Paper Tiger

The European Union’s foreign policy chief said a meeting of the bloc’s defense ministers did not result in progress towards a weapons transfer to Ukraine that included Patriot missiles.  “There were calls and talks about these missiles but there was, unfortunately, no concrete success today regarding this,” the EU’s top foreign affairs official, Kaja Kallas, […]

The Kohn Solution For An Uncertain Fed Via RealInvestmentAdvice.com, Dario Perkins of TS Lombard wrote a piece titled “How to Respond to Oil Shocks.” His analysis draws on the Fed’s history to address how it should respond to today’s oil shock. While researching Fed transcripts from the 1990 Gulf War, he discovered a proposal by Don Kohn, senior Fed staffer, that offers a solution to the central bank’s oil shock problem: nominal GDP targeting. Kohn’s logic is straightforward and makes sense in the current environment where the Fed is contemplating monetary policy as...