Glass

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As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed.” Short sellers in digital-asset stocks have gained an average of 130 percent in 2022, according to Ihor Dusaniwsky, head of predictive analytics at S3, a technology and data-analytics firm.” It’s not a moment to say, “Well it’s inflation so it’s the Fed’s problem.” The White House hasn't said whether Pyle is likely to stay in the gig permanently. What we’re proposing on the first leg is providing downside price insurance that the Treasury is authorized to engage in through the Exchange Stabilization Fund. They could do this for oil and coordinate with the Department of Energy to serve as an insurer on oil price insurance for producers. WITH MARKETS IN DISARRAY, INTERNATIONAL INVESTORS ARE STOCKPILING DOLLARS — WSJ’s Julia Ambra-Verlaine: “Foreign investors selling stocks and bonds are hoarding the U.S. dollar as market volatility picks up. There are understandable reasons why investment has been slow to respond, and I think it’s about the administration’s willingness to address those uncertainties constructively, instead of exuding a certain level of powerlessness and helplessness. “‘Senator Brown will use the hearing to urge Chair Powell to focus on workers while fighting inflation,’ the person said. Because then you have confidence that you will at least make a certain amount of return, at the same time you’re directing investment to where it’s needed most. … It’s not good for global financial stability, and it has a chance to get worse. If you have the storage capacity, you can provide the insurance for the downside if prices crashed. (The conversation is edited for length and clarity.)