Recent comment by Fed Vice Chair Donald Kohn: If longer-term inflation expectations were to become unmoored–whether because of a protracted period of elevated headline inflation
My expectations for moderating inflation and limited spillover effects from commodity price increases depend critically on the continued stability of inflation expectations. The FOMC has
[Skip to the end] Germany leans towards tax cut by Bertrand Benoit (FT) Michael Glos said the government’s budget pledge “should not stand in isolation
[Skip to the end] There have been a lot of Fed speakers; so, I’ve selected a few comments on Yellen’s speech, as she has been
[Skip to the end] Preliminary data for Jan – Mar quarter shows sales tax at -0.1% YY, first decline since 2002 Q1. 21 states out
Mainstream economics says: Get inflation right and that ‘automatically’ optimizes long-term growth and employment. Adding to demand with a negative supply shock turns a ‘relative
I’ve been thinking that when the Fed turns its attention to inflation it will find itself way behind that curve, which it is by any
“Inflation is a problem,” she said. Yet the problem isn’t excessive demand, rising wages, or a tight labor market, but “negative supply shocks.” Once the
Ed says: Warren, Isn’t it also true that the US export boom is less a result of the weaker dollar, so much as it is
My take on the USD: It was at a level based on foreigners wanting to accumulate $70 billion per month which also = the US