Fed Sees Rate Low `for a Time’ Then Possible Reversal (Update1) by Scott Lanman (Bloomberg) Federal Reserve officials signaled they are prepared to quickly reverse
Comments people emailed me and my responses: Bob Hart wrote: http://www.wtrg.com/prices.htm This graph supports your statement below: Prices fell from a high of maybe $40
Looks very much like the 1970’s to me. Yes, the labor situation was different then – strong unions due to strong businesses with imperfect competition,
Interesting they would take a shot like that at the Fed. Probably concerned about Euro strength and the US gaining export share. Bank of France
Might be a revealing day coming up. I’m watching for markets to begin to link higher oil prices to the potential for higher interest rates,
From today’s speech: A central bank must always be concerned with inflation as well as growth. As I have emphasized in an earlier speech about
Survey shows people are watching TV and reading the newspapers. For the third consecutive month, more households reported that their financial situation had worsened rather
As you know, financial markets in the United States and in a number of other industrialized countries have been under considerable strain since late last
If inflation is now above Bernanke’s comfort zone, as per Yellen who has been more dovish than Bermanke, and above their long-term target of maybe
This is the mainstream approach to negative supply shocks: “Don’t let relative value stories turn into inflation stories.” (as the Fed used to say) And,