Archive for the ‘Federal Reserve’ Category

Trade, trickle down, and the Fed: Revisiting three points from the big debate

September 28th, 2016

Before the first presidential debate fades into the next news cycle, there are three economic points that bear revisiting: We need a new paradigm for trade policy. The outsider campaigns of Trump and Sanders, along with the realities of many people and communities hurt by globalization, have elevated international trade as a major issue in this… Read more

Trump, Yellen, the Fed, and the Election

September 27th, 2016

Over at WaPo…file this under monetary political economy. Trump’s comments about the Fed were way off, no surprise. But I’m glad the topic came up and hope it continues to be part of the debate.

Anatomy of a hawkish dove

September 26th, 2016

Eric Rosengren, the President of the Boston Federal Reserve Bank, was one of three dissenting votes in the Fed’s decision last week not to raise the benchmark interest rate they control. Since Rosengren has a pretty dovish record—he’s not one to see spiraling inflation around every corner, when the data say otherwise—his dissent was surprising… Read more

Chair Yellen, bless her heart (and mind), remains in data-driven mode

September 22nd, 2016

Over at WaPo, with a focus on this biz about “the economy still has running room.” I explain how I understand it, show some indicators that reinforce the point, and add my own wrinkle, one I consider very important: allowing for more running room has the potential to create even more running room.