Archive for the ‘New Posts’ Category

Federal Reserve resists hawkish signal, continues to view economy as needing their monetary support…and that’s as it should be.

September 17th, 2014

The Fed is out with their statement and the words “considerable time” live to see another day! That makes sense both substantively—the remaining slack in the economy requires continued support from monetary policy—and rhetorically: the Fed’s forward guidance has correctly emphasized that their decisions will be data driven, and the data continue to point toward… Read more

Hey, What’d I Miss? OTE 9/11—9/16

September 17th, 2014

On poverty, thinking about the relationship between poverty and growth, calling on all nerds to pay attention to the reduced sample size in the Census Bureau’s poverty data, and analyzing the actual results from the Census. Teaming up with Harry Holzer to describe a win-win approach to increase the future labor force. Exploring some ideas to reduce American’s excessive stock buyback problem…. Read more

Today’s Obsession in Fed Land: Two Little Words

September 16th, 2014

The big question surrounding the FOMC’s statement tomorrow is whether the committee will keep or drop the words “considerable time.” From MarketWatch: Since March, the Fed has promised that it intends to hold rates steady for a “considerable time” after it stops buying bonds, now on track to end in October. Specifically, the Fed said:… Read more

2013 poverty and income results: Rising tide lifts a few boats, but the levee needs work.

September 16th, 2014

They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights. –The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8%… Read more