Every time there’s an upside economic data point added to the picture—yesterday it was industrial production—somebody says, not unreasonably, “…and that’s why the Fed will start to taper sooner than later.” I’ve said so myself. But as the Fed begins a two day meeting wherein they’ll make that call, they were met by new inflation… Read more
Over at the NYT Economix blog…stop the presses: the Phillip’s curve has flattened! What it is and why it matters.
In listening to the Yellen confirmation hearing, I was left thinking that the Fed’s limits are somewhat under-appreciated these days. Over at the NYT blog.
So, let me get this straight. I leave the country for a week, and you still haven’t fixed the federal budget…or the health care website?! C’mon, people. Back from a great trip to London, still one of the world’s truly great cities. Just walking around is a blast. I did prolific gum flapping, and will… Read more
I write to you from the UK where I’ve been talking a lot about the policy responses to the global downturn, known in the US as the great recession. In a word, I’d say that many in the political, economic, and investment community are still trying to figure out why it’s been so difficult for… Read more