The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
WASHINGTON, D.C. – In a bold and controversial move, Mohamed El-Erian, a leading economist and president of Queen’s College at Cambridge University, has called on Federal Reserve Chair Jerome Powell to voluntarily step down to safeguard the Fed’s independence amid growing political and economic pressures.
photo Treasury Secretary Scott Bessent
the staff of the Ridgewood blog
Washington DC, Treasury Secretary Scott Bessent signaled Monday that it may be time for a sweeping review of the Federal Reserve—beyond the current controversy over costly renovations—to examine whether the central bank is truly fulfilling its mission.
photo of painting of Alexander Hamilton
the staff of the Ridgewood blog
WASHINGTON, D.C. — So much for the “tariffs equal runaway inflation” narrative. The latest data from the Bureau of Labor Statistics (BLS) shows that wholesale prices were completely flat in June, suggesting that fears of tariffs causing a major price surge may be more hype than reality.
Continue reading Tariffs Aren’t Fueling Inflation: June Producer Price Index Shows Zero Growth
the staff of the Ridgewood blog
Ridgewood NJ, a transformative provision within the One Big Beautiful Bill Act could reshape how the next generation of Americans engages with capitalism—by providing every newborn with a retirement-style investment account.
the staff of the Ridgewood blog
Washington DC, in a high-stakes move impacting global trade, former President Donald Trump announced on Sunday that he has agreed to extend the deadline for imposing a 50% tariff on European Union exports to the United States. The extension follows a phone call with Ursula von der Leyen, President of the European Commission, and gives both sides until July 9, 2025, to negotiate a resolution.
the staff of the Ridgewood blog
Ridgewood NJ, as the U.S. economy grapples with market uncertainty and persistent inflation, questions are swirling about whether a future President Donald Trump could fire Federal Reserve Chairman Jerome Powell before his term ends in 2026. Legally speaking, the answer remains murky—but the political and financial implications are massive.
