Changes Coming to the Fed?

In Maine, we discussed details about the Fed in confidence. Here’s a public discussion with similar details.
Will Putin Release Kidnapped Ukrainian Children?

Topics for discussion between President Trump and Vladimir Putin at the Alaska meeting scheduled for August 15 are uncertain.
Letter from Camp Kotok 2025: A Retrospective

This Sunday is the closing day of our annual gathering in Maine. Camp Kotok 2025 fulfilled my highest expectations.
Camp Kotok Update: A Discussion of Putin’s Tactics in Ukraine

On Thursday evening, three Ukrainian eyewitnesses, one a military veteran, offered grim reports on what Putin’s forces are doing in Ukraine.
Camp Kotok Update: Up Tomah Stream

A brief report on day one of Camp Kotok, topics under discussion, and what lies ahead this week
On Fed Independence: Kathleen Hays Interviews Bob Eisenbeis and Charles Plosser

Eisenbeis: The Fed is not guilty of anything but doing its mandated job — and well. Plosser: Independent central banks have better policy outcomes.
Camp Kotok Update: Plenty to Talk About!

Standing on the deck at Leen’s Lodge yesterday afternoon, I previewed some of the discussions we will have at Camp Kotok this week.
Kotok Quick Take: On Campobello Island

Join me for a quick video visit to Campobello Island and the Roosevelts’ summer home there.
Jobs Report and Health Update

I comment following Friday’s dismal jobs report, and we turn to a healthcare-related update.
Kotok Quick Take — Tariffs as Equivalent to a $2/Gallon Gas Tax Increase? Adjust Up!

Yesterday’s tariff announcements will shift the size of the tariff shock yet again.