Federal Reserve: Taking away the Punch Bowl to Sober Up Inflationary Pressure

Rhea Thomas |
Wilmington Wire
Dollar currency growth concept with upward arrows on charts and coins background.

March 18, 2022—William McChesney Martin Jr., former Federal Reserve (Fed) chair from 1951–1970, is credited with the now-famous “punchbowl” analogy, referring to the Fed as “the chaperone who has ordered the punch bowl removed just when the party was really warming up.”1   Today, the Fed finds itself in the position of taking away the punchbowl again, but in the midst of a party that has been raging, rather than just warming up.

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Capital Perspectives March 2022

Tony Roth |
Investment Management
Capital Perspectives

In the March issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth explains that while the horrors unfolding in Ukraine are deeply upsetting at every level, it is our job as investors to separate emotions from the facts that might alter our 9–12-month view of the economy and financial markets at a time of heightened geopolitical turmoil.

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Inflation

Luke Tilley and Rhea Thomas |
Investment Management
Dollar currency growth concept with upward arrows on charts and coins background.

June 10, 2022Topics shared in this publication are:U.S. inflation on a year-over-year basis is at the highest in four decades due to COVID-19 induced spending on goods, supply chain issues, fiscal stimulus from the government and very accommodative monetary policy from the Federal Reserve.We expect a deceleration in inflation in 2022, due to several factors.

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