Archive for the ‘Federal Reserve’ Category

My favorite remaining institutions: the justice system and the Fed

March 16th, 2017

There are at least two American institutions that remain venerable, albeit vulnerable: the justice system and the Federal Reserve. On my way in this morning, I learned some details about the Hawaiian judge’s rejection of President Trump’s travel ban v2.0. While team Trump believed they’d removed the problematic language from their first run at this… Read more

Slack, inflation, and the Fed

February 15th, 2017

What with Chair Yellen testifying in Congress over the last couple of days, I’ve been trying to dig into the case for forthcoming Fed rate hikes. Clearly, there is more price pressure in the system than in recent months, but there are also these factors to consider: –The data-driven case for rate hikes is far… Read more

Paul Krugman goes all “crowd out” on us. Is he right?

January 9th, 2017

Progressives’ Keynesian economist in chief, Paul Krugman, has been second to none in calling out policymakers’ focus on reducing budget deficits when economies were still weak (also known as “austerity”). Given that record, his oped in today’s NYT may surprise some readers. He argued that, as the economy closes in on full employment, fiscal budget… Read more